Armor
  • Armor.fi Living Documentation
  • Disclaimer / Terms
  • Roadmap
  • ArCore: Features and Highlights
    • A True Smart Cover Solution
      • Pay As You Grow and Only Pay What You Owe
      • Simplified Payments
      • KYC-less and Permissionless
    • Coverage Solutions Aggregator
    • Rewarding Governance
  • Products: ARMOR V1 Suite
    • Ecosystem Summary
      • Rewards Summary
      • Model Constants
    • arNXM: Yield Vault
      • Armor Treasury Reserve
      • Staking Guide
    • arNFT: Tokenized Coverage
      • Staking Guide
    • arCore: Smart Cover System
      • Covered Protocols
    • ArmorDAO: Hybrid Decentralization
  • Armor V2 Suite
    • vArmor Vault
    • arShield: Armored Shield Vaults
      • Staking Guide
  • arPro
  • BSC integration
  • $ARMOR Token
    • Tokenomics
    • Functions and Governance
    • Revenue Model
    • Aligned Incentives
    • Liquidity and User Rewards
      • Launch Schedule
      • Rewards Allocations
    • Risks Breakdown
  • FAQ
    • What is Armor?
    • Why Do I Need Armor?
    • How Does Armor Provide Cover?
    • What is arNFT?
    • What is arNXM?
    • How Do I Buy Armor Cover?
    • How Do I Sell Armor Cover?
    • Competitive Differences
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      • Immunefi Bug Bounty
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  • Functions
  • Governance
  1. $ARMOR Token

Functions and Governance

Functions

ARMOR is the governance token for the system and serves the following functions:

  • Staking in ARMOR:ETH liquidity pool and staking LP tokens into governance staking. Earn LP fees + staking rewards (20% of profits) proportional to your share in the staking pool.

  • Governance on protocol and system updates

Governance

The responsibilities for governance include:

  • Voting on updates to smart contract code

  • Voting on changes to constants used in the fee model (such as premium charge for buyers)

  • Voting on the exact time a hack took place

As a reward for staking tokens and participating in the governance of the system, the token holders for the ArmorDAO may vote to be given a share of the revenue made by the arCore system.

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Last updated 4 years ago