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Token Utility

Emmet application​

  1. Governance:

    • EMMET holders can propose and vote on key protocol changes, including fee structures, new features, and partnerships.

  2. Staking & Yield:

    • Stake EMMET to earn rewards and participate in liquidity pools to generate yield.

  3. Transaction Fees:

    • Use EMMET to pay for reduced transaction fees across the Emmet.Finance ecosystem.

  4. Cross-Chain Operations:

    • Power cross-chain messaging and asset transfers using EMMET.

  5. Incentives:

    • Earn EMMET for participating in liquidity pools, using bridge features, and providing feedback on platform improvements.

Governance Structure​

Emmet.Finance is governed through a Decentralized Autonomous Organization (DAO). Governance details:

  • Proposal Creation:
    • Minimum of 100,000 EMT staked to propose changes.
  • Voting Period:
    • Each proposal undergoes a 7-day voting period.
  • Quorum:
    • At least 5% of total EMMET supply must vote for a proposal to pass.