Understanding $HASAI

HASAI is used as the centre of gravity of Hasai Protocol governance. HASAI is used to vote and decide on the outcome of Hasai Improvement Proposals (HIPs). Apart from this, HASAI can be staked within the protocol Safety Module to provide security/insurance to the protocol/depositors. Stakers earn staking rewards and shared income from the protocol. Documentation on tokenomics and governance will be available in the flash paper and with further detail in the full documentation. Feel free to join the discussion in the governance forum.

The main purposes of the Hasai DAO token are to incentivise liquidity providers on the Hasai Finance platform as well as getting as many users involved as possible in the governance of the protocol.

Currently HASAI has three main uses: voting, staking and boosting. Those three things will require you to vote lock your $HASAI and acquire veHASAI.

veHasai stands for vote-escrowed HASAI, it is simply HASAI locked for a period of time. The longer you lock HASAI for, the more veHASAI you receive.