Community Help Center

Bonfida DAO

A Decentralized Autonomous Organization (DAO) can be considered as the governing body of projects. A DAO is collectively owned and managed by its members, which in Bonfida’s case are the gFIDA holders. It is a democratized organization where community members carry the responsibility to submit and vote for any changes to be implemented in the project. It is at its purest form of community involvement.

gFIDA and Participation in the DAO

In order to participate in Bonfida’s DAO, users need to hold the governance token, gFIDA.
  • Stake your $FIDA here
  • Earn yields & gFIDA
  • Get larger yields & more gFIDA the longer you stake
Read more about staking here

gFIDA Advantages

  • Proposal Submissions
  • Voting Rights
  • Access to an exclusive Bonfida Governance group
The governance group will allow gFIDA holders to discuss important cases around governance, proposals, issues and suggestions with the Bonfida Team exclusively.
To be invited to the group:
a. DM an admin on our Telegram
b. You will be asked to verify your gFIDA holdings in one of two ways:
i. Sending the admin a message on Jabber or
ii. Add the content “Bonfida Governance Member” to any of your domains
c. Once your holdings have been verified, you will receive an invite link to the exclusive governance group.

DAO parameters

  1. 1.
    Submit a proposal on Bonfida’s Discord
  2. 2.
    Maximum voting time: 7 days
  3. 3.
    Vote approval threshold: 30% of gFIDA supply