Proposal: Fee Restructuring

The team is proposing a fee restructuring to create a DAO. This proposal aims to rebalance the current fee structure for all our Sweet Vaults and close our BNB vault, where the fees would be destined to a DAO fund controlled by Pacoca holders.

What is a DAO?

A decentralized autonomous organization, or sometimes called DAO, can be defined as an entity with no leadership, run via a decision-making process by its members. Similar to the actual governance structure that Pacoca has, but instead of the team being the only one able to create proposals, now any user with a minimum amount of tokens will be able to propose an improvement for the benefit of the project.

Why build a DAO?

Aimed as a big release, the DAO will enable the project to a whole new universe of possibilities, some of them are:

• Creating a pool to earn any token chosen by the community
• Buying back and burning Pacoca from the market
• Pacoca token would be backed by blue-chip cryptocurrencies (BTC, ETH, BNB, BUSD, or any other token suggested by the community)
• Anything proposed to the DAO (the community’s creativity is the limit)

Being backed by other tokens itself is a pretty strong mechanism since it would make no sense for the token to fall below the value that it is backed by.

What’s the benefit of this?

As with every DeFi project, decentralization is a top priority. The DAO will value the power among our holders, who have always supported the project. Together with our new feedback system, the only path is forward.