docs
  • 🌍Overview
  • Introduction
    • 🌗Welcome to VEGAS!
    • 💲Tokenomics
    • 🛒Token Sale
  • Governance
    • 🤖DAO
    • 👮Governance model
    • ⚖️Proposals & Voting
  • Upcoming
    • 🗓️Roadmap
  • RESOURCES
    • ☔Airdrops
    • ⛽Staking
    • 🔢Random number generation
    • 🏛️Casino advantage
    • 🎲Dice game logic
    • 💡Game fund balancing mechanism
  • Contracts
    • 🔀Smart contracts diagram
    • 📜Deployed contracts
    • 🏛️Governance Contract
    • 💰Reserve Contract
    • 🎲Dice Game Contract
  • TUTORIALS
    • 👜Getting a Terra Wallet
  • FAQ
    • Protocol FAQ
    • ℹ️General
    • 👮‍♂️Security
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  • How to be part of the DAO
  • What do the DAO members win
  • DAOs can vote to modify

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  1. Governance

DAO

Decentralised Autonomous Organization

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Last updated 2 years ago

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"A decentralized autonomous organization (DAO) is an entity with no central leadership. Decisions get made from the bottom-up, governed by a community organized around a specific set of rules enforced on a blockchain. DAOs are internet-native organizations collectively owned and managed by their members."

How to be part of the DAO

  • (1) You must have $VEGAS and stake it. Simple.

What do the DAO members win

  • $VEGAS stakers win 100% of casino revenue :

    • Reserve interest generated from anchor protocol and other yield accrual strategies decided by the DAO.

    • Casino advantage

    • Lost bets

Stakers will generate income, even if there is no one playing

DAOs can vote to modify

  • 🛫 Smart contracts migrations

  • 🏦 DAO capital funds

  • 🕹️New games

  • 📝Changing contracts parameters

  • 💰Reserve yield accrual strategies

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