UNFI token holders can voluntarily participate in the Unifi Global Governance Model (GGM). Governance and guidance of the Protocol by UNFI holders creates a healthy ecosystem, so participation in the GGM is significantly incentivized.
The GGM operates as a Proof of Stake representative governance. Under the UNFI PoS ecosystem, candidates for the Unifi Council of Representatives will campaign for election as a Community Council Representative (CR). CRs will serve on the Unifi Council of Representatives and have the ability to propose or vote on changes to the Unifi DAO. Consensus will be achieved by majority approval from the CRs. Staking and delegating UNFI tokens can qualify for Staking Rewards.
The GGM allows flexibility for the unique multi-chain Unifi Protocol to grow and adapt, while maintaining the strength that comes from being a community-guided organization.
Click here to learn more about the UNFI Proof of Stake governance model.
Click here to learn more about staking rewards on Ethereum in January 2021.