GhoulX Token

GhoulDao Governance token

What is GhoulX?

GhoulX is the governance token of the GhoulDAO Protocol. It allows those who hold it to vote on changes to the Protocol.

How can I get GhoulX?

  • Buy it at an exchange like Pancakeswap.
  • Earn it by staking Ghoul as a single token option.
  • Earn it by providing liquidity to BNB-Ghoul, Ghoul-gDAI, gDAI-DAI or GhoulX-gDAI on Pancakeswap. Additional pools may be added in the future.

What can GhoulX holders vote on?

  • New collateral vault types (new tokens accepted to be used as collateral)
  • Revenue distribution
  • Price oracle changes (where pricing comes from)
  • Risk parameters (i.e. liquidity ratio, debt value)
  • Changes to repayment fee
  • Upgrades to the system (eg. implementing an untraceable gDAI)
  • GhoulX community treasury decisions
    • GhoulX holders will decide in a consensus how to distribute the treasury funds to pay for various infrastructure needs and services. The governance mechanism is designed to be flexible and upgradeable over time.