The governance token of the DeFi Money Market (DMM) DAO, DMG (DMM Governance Token), serves as the tool that the community uses to manage and develop the DMM ecosystem and underlying protocol. As we strive to build a vibrant global community, DMG (DMM Governance Token) is a critical component that will foster broad participation and mitigate risks associated with centralized governance. Specifically, DMG (DMM Governance Token) enables governance over the ecosystem through the DMM DAO, which has control over Ethereum smart contracts and adjacent assets.
Ownership of DMG (DMM Governance Token) confers the right to manage parameters of the DMM protocol, surplus earnings generated by the DMM ecosystem, and govern the types and locations of assets concerning the capability and decisions around introducing new assets into the ecosystem. DMG (DMM Governance Token) is a fork of Compound’s COMP governance token with additional features.