Purpose of the DAO

The purpose of Bumper's DAO is to allow holders of BUMP to control policies critical to the development and functions of the protocol and the Bumper marketplace. BUMP holders will propose and vote on referendums regarding protocol safety, economics, expansion and updates, as well as decisions on which digital assets should be accepted in the Reserve. BUMP token holders stake their tokens into the DAO in return for voting rights (vBUMP), and to earn rewards for participating in the governance of the protocol.

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