The traditional financial system is built on the back of trusted banks and institutions that facilitate transactions, provide access to markets and curate financial products. The evolution of the Internet, and efficient computing, nudged the finance industry to undergo a digital migration. This migration has allowed global finance to be conducted with progressively lower operating costs. However, the majority of finance is conducted on software that is prone to third party failure which can undermine the trusted institutions that use it. Blockchain technology and smart contracts allow for finance to be conducted in a highly secure and trustless environment without the need for a third party.This technology enables not just banks, but anybody with an internet connection, to engage in globally connected, highly reliable trade.
Tracer is peer-to-peer financial infrastructure that leverages blockchain technology to provide censorship-resistant market connectivity; powering the next generation of finance. Tracer is decentralised by design and provides high levels of security to its users through open-source code and reliable oracle architecture. Tracer is able to host an ecosystem of financial contracts such as derivatives, lending and borrowing tools as well as spot exchanges that will support the future of financial transactions. Once a financial contract has been deployed it is entirely permissionless, unless codified otherwise.
Tracer DAO governors will be at the forefront of financial innovation and act to guide the transition from the current way we do digital finance to a more secure and scalable system. Governors will be responsible for creating and managing efficient financial tools and protocols that will become the standard financial transaction layer for the future.
Join to Govern
There are 200 open positions for prospective Tracer governors who will be the initial governors of the ecosystem. Lion’s Mane has been engaged (via proposal) by the Tracer DAO to present candidate governors for DAO selection. The Tracer DAO is looking for prospective governors and will consider nominees from the following categories:
Duties to the DAO
If you see yourself as an eligible candidate for Tracer DAO governance, apply here.
The operation of the DAO may include:
- Choosing to install new financial contracts to the Factory.
- Allocating TCR governance tokens to ecosystem initiatives.
- Choosing to perform liquidity mining programs.
Each decision made by the Tracer DAO must be debated with rigor and objectivity. As Tracer’s success is dependent on good governance, potential governors should stay up-to-date with Tracer and its resources. Apply now and help govern the way we trade.
Read the Tracer Whitepaper here.