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Boosted Finance is described to bring together the best that DeFi and decentralized technology has to offer: equally fair barrier of entry for all participants, democratic governance, perpetual network effects, and economic theory. It is claimed to be inspired by Yam’s elegant protocol design, taking key principles while omitting the rebasing mechanism, and implementing the eighth wonder of the world — compound effects. BOOST is a governance token for the BOOST treasury. The value of the token will be entirely dependent on the BOOST community who are responsible for the direction via community voting on-chain. it requires 13.37 BOOST locked up in a staking contract to propose a submission and 30% of total value locked up for the voting quorum.
Key features are claimed to be: - A fair distribution mechanism that incentivizes key community members to actively take the reins of governance - Fully on-chain governance to enable decentralized control and evolution from Day 1 - A governable treasury to reward participation from community members to further support stability in the long run - A yield-boosting option that works on the compounding effect of money and maintains long-term prosperity for BOOST holders.
