DAO Governance

Our primary objective is to enhance value for token holders through effective governance and the generation of yields. Bloom Protocol is overseen by a Decentralized Autonomous Organization (DAO), which empowers stakeholders to shape the project’s direction, propose and vote on key decisions, and collaboratively oversee the protocol. Governance within the DAO is facilitated by our utility and governance token.

The DAO plays a crucial role in the strategic growth and adoption of the protocol, handling responsibilities that include, but are not limited to:

• Onboarding and managing the protocol’s initial and future contributors.

• Driving product development with a focus on long-term sustainability.

• Expanding the protocol through strategic management of ecosystem incentives.

• Encouraging community members to contribute their expertise, knowledge, and resources towards the protocol’s long-term evolution.

• Building and maintaining alliances with pivotal DeFi protocols.

Currently in the initial phase of development, these functions are managed by Bloom’s core contributors. Over time, the goal is to transition to a fully decentralized, on-chain proposal and voting system to further democratize decision-making and enhance protocol governance.

This version maintains the original message but contextualizes it within the Bloom Protocol, emphasizing the role of the DAO and the transition towards more decentralized governance mechanisms.