⚖️Governance

USP backing and Piku Platform parameters are all managed by PikuDAO with sPIKU votes.

PikuDAO’s mission is to establish a fully decentralized decision-making process, to create an optimal store of value currency.

A DAO is an optimal format for launching Piku because:

• Piku relies on the expertise of professionals, collective knowledge and the will of the community.

• DAO governance will allow the best or the most accepted ideas to shape the future direction of Piku.

• DAO will allow transparent and secure management of the Piku's token.

PikuDAO’s core responsibilities will be

• Decide, manage and oversee the backing structure of Piku's yield-optimized stablecoin USP

• Decide on the fees and platform parameters

• Give voice to experts and professionals in the economics sector

• Respond to emergencies

PikuDAO Governance Process

DAO stakeholders and holders of sPIKU tokens govern asset backing, smart contract updates, and platform settings via proposals.

PikuDAO will start by a simple two stage governance process:

1) A preliminary discussion on Discord and proposal formulation on the Forum page which will be live soon.

2) Followed by an off-chain Snapshot vote