Welcome to another exciting episode of our great CEG program that aims in giving the community the power to vote on Metis partnerships, we are pleased to present to the community an awesome Project and a candidate of this episode's VCP, Following an interesting and educative broadcast on our CEG Governance Youtube, We Present:
Hidden Hand by Redacted is a marketplace for governance incentives, commonly referred to as “bribes.” Protocols can leverage Hidden Hand to enable more efficient governance processes and to engage their voters. Through Hidden Hand users can earn extra yield on their favorite governance tokens via bribes.
Protocols deposit a bribe into the Hidden Hand smart contract, which are sent back to users as a reward for their voting power. Voters can review the bribes available, or search for a proposal. Once they decide where to commit their voting power, they can determine what portion of their holdings to vote with. After the voting period ends, the incentive pool is distributed to voters based on their share of the overall votes contributed
Through Hidden hand, voters can earn rewards for actively participating in governance and projects can ensure their most important proposals receive the necessary attention from their community.
For voters there is no cost to using Hidden Hand, instead the Redacted protocol generates revenue by taking a fee from each bribe. The fee is currently set to 4% where half is sent to the treasury and half is sent to lockers of $BTRFLY for locking their tokens in the protocol.
Satisfied with the experience Multifarm brings to our Ecosystem? Let your vote speak!
Built for the people, run by the people.
-Team Metis