Key Functions

Protocol Composition Management

• Holders of the staked version of LIS, known as vdLIS (Validator Decentralization Lisede), possess the authority to influence the protocol's composition.

• They can decide on the inclusion or exclusion of LSDs, set target weights for each LSD, and determine the maximum weight allocation within Lisede.

Control Over Fee Structure

• vdLIS holders have governance control over the parameters of the fee curve and the activation or deactivation of fees within the Lisede ecosystem.

Participation in Governance

• LIS token holders actively engage in voting on various proposals, contributing significantly to the governance framework.

• By staking LIS tokens, holders earn vdLIS, granting them enhanced governance rights and a portion of the protocol's revenue.

Empowerment Through Governance

• This governance model enables LIS token holders to influence the strategic direction of Lisede.

• Decisions concerning protocol composition and fee dynamics are made to reflect the community's best interests.

• Holding LIS tokens is more than an investment; it's a role in steering Lisede's growth and success.

vdLIS - The Core of Lisede Governance

• vdLIS, standing for Validator Decentralization Lisede, is the token enabling participation in Lisede's governance.

• It governs the index composition, risk parameters, and fee settings, and is key to co-incentivized liquidity mining farms.

• vdLIS is non-transferable, representing the voting power of an address.

Obtaining and Maximizing Voting Power with vdLIS

• Acquiring vdLIS involves locking LIS or its paired liquidity pool tokens (e.g., LIS/ETH Sushi LP, LIS/Lisede 80/20 BPT).

• The lock time ranges from a minimum of one month to a maximum of one year, with maximum voting power awarded for the longest lock period.

• Voting power decays linearly from the time of lock creation but can be boosted by extending the lock time or locking additional assets.