It’s official, Peerion will be decentralizing as an organization. The Peerion DAO is set to launch around mid-May, 2021. The objective of the DAO is to govern all current and future initiatives within the Peerion Ecosystem, and manage a shared treasury which secures the profits that Peerion earns.

The Peerion DAO will be releasing a governance token called ION. All Peerion Pool participants will automatically start farming ION Tokens upon its release. As an incentive, each Pool will receive an ION deposit directly in its vault that can be proportionally redeemed upon exiting (burning Pool Shares). Additionally, a predetermined percentage will be regularly earned by Pool participants over the next 2 years, for as long as one remains in their participating Pool.

The ION Tokens collected via ‘Pool Farming’ can then be staked back into the Peerion DAO for proportional governance power and reward claim. Profits that Peerion earns from its initiatives will be deposited directly into the Peerion DAO vault. Peerion DAO Shareholders can burn their shares at any point to claim their ION and profit share.

Governance power within the Peerion DAO gives Shareholders the ability to vote on ION minting, burning, and allocations, as well as improvements and future initiatives.

All of the existing Pools within Peerion’s ecosystem will receive their first ION farming allocations upon the launch of the Peerion DAO, and all participants will also receive a direct airdrop in their wallet.