Govern it,
it's yours!

The Pond DAO relinquishes to the community ownership over a sustainable layer 0

# Discuss + Act

The token model

Marlin separates the responsibilities of enacting policies from administering them just like the control and data plane of a software-defined network

POND

POND can be used to vote, delegate to Marlin nodes and be incentivized for operating the relay network correctly

MPOND (or LIN)

You can lock 1 million POND to mint 1 MPOND (non-transferable) and you can redeem 1 MPOND for a million POND

Bonding curve

Conversion from POND to MPOND is regulated by a bridge to ensure MPOND is minted judiciously

What does governance entail?

The DAO determines POND distribution amongst different blockchains

  • Propose

    Anyone with 1 MPOND supply may table new proposals

  • Deliberate

    Sufficient time allocated for a wholesome debate

  • Vote

    Changes require majority votes with ample participation

Flowmint

To ensure layer 1 platform communities have a say on an ubiquitous layer 0 network, a significant supply of POND has been allocated towards ecosystem growth

Bandwidth mining

The most integral actors of any protocol, POND is distributed amongst operators that provide services within the network

StakeDrop

POND will be distributed to layer 1 token holders against tokens locked in native staking mechanisms

DAO Participation

POND is distributed amongst communities enthusiastic about experimenting with novel governance mechanisms

Even more questions?

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