🏦Blox Estate DAO

Since the inception of Blox Estate, our goal has been to bring real estate and DeFi together. The next step is refocusing on the core principles of DeFi — decentralized governance, democratization o

What is the Blox Estate DAO?

Blox Estate DAO can be viewed as an expansion of our existing Governance Protocol — more powerful, more autonomous, and now central to the operation of the platform. The Blox Estate DAO is designed to give ESTATE Token holders control over the Blox Estate ecosystem with the ESTATE Token as a means of governance. With the transition to a DAO model, token holders will take control of a token fund and have administrative control over staking vaults and other platform features.The greatest benefit of a DAO is that any user can make a proposed change at any time. It no longer requires a sole entity to create the proposal and oversee the implementation. When a user submits a proposal, and the community votes to pass the proposal, it will automatically be executed based on a trustless smart contract. In short, the Blox Estate DAO puts high-level decisions into the hands of ESTATE holders through a decentralized governance model.

Features of the Blox Estate DAO

Blox Estate DAO is a powerful addition to the Blox Estate ecosystem and allows high level decision making to be placed in the hands of token holders. The types of proposals can be broken down into three core categories:

1. Staking and tax management

2. ESTATE DAO Treasury

3. Marketing bounties and contests

How the DAO Works

The Blox Estate DAO builds on our existing Snapshot governance protocol, allowing anyone who holds at least 1000 ESTATE to create a new proposal at any time. Using the SafeSnap plugin, the governance proposal can directly change vault rewards, burning tokens, or altering the minting rate.