Liquidity miners provide liquidity to decentralized financial markets on TELx, earn fees from trades, harvest TEL issuance and vote as a part of their Miner Group in governance based on their pro-rata share of liquidity staked on TELx.
Liquidity Miners: Political Power and Channel
- Political Power: An individual liquidity miner’s proposal and voting power in governance is based on their pro-rata share of liquidity staked in TELx contracts.
- Governance Channel: https://snapshot.org/#/telxvote.eth
Liquidity Miners: Collective-choice authority and associated rules
Council Member Selection: Possess the right to select the following number of representatives to each Council.
- Platform Council: 2 of 8 representatives
- Treasury Council: 1 of 4 representatives
- Compliance Council: 1 of 4 representatives
- TAN Council: 1 of 6 representatives
- TELx Council: 3 of 6 representatives
Learn more: Liquidity Miners