sCANTO will be progressivly governed by $BLOTR
Potential & current usecases for $BLOTR
Current usecases.
Today $BLOTR is used primarily as an incentive token. $BLOTR bribes have been setup on sCANTO pools on Velocimeter DEX where veFLOW holders receive $BLOTR in return for voting to direct $FLOW emissions on sCANTO and sCANTO partner pools (in some cases partner tokens are also bribing).
$BLOTR-$sCANTO pool is also available.
Future potential use cases
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Protocol upgrade voting via SIP's: sCANTO improvement proposals (SIP) for contracts/process/operations may be proposed and voted on by BLOTR holders. Including proposals for mechanism updates to the BLOTR token itself.
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Protocol mechanisms: While the sCANTO protocol is live it is also in a early stage of develop. As we progress to futher decentralisation, efficiency, profitability & public good BLOTR may be further integrated into the core protocol in aid of these goals.
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BLOTR may be used as a reward/incentive token. Rewarding contributers, liquidity providers, sCANTO minters, partners etc to help stimulate & faciliate growth of the protocol.
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Revenue sharing: $BLOTR holders may receive some form of protocol revenue. Staked CANTO earns CANTO which may be shared with $BLOTR holders as part of a future upgrade to the protocol. Other fees/revenue sources may also develop as the protocol expands.