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Welf Finance has officially rolled out WELF DAO, a decentralized governance platform designed to give $WELF token holders direct control over the project’s future.
Author: Sahil Thakur
Welf Finance has officially rolled out WELF DAO, a decentralized governance platform designed to give $WELF token holders direct control over the project’s future. The move marks a key step in the company’s mission to merge traditional finance with decentralized tools, ensuring that decision-making power is firmly in the hands of its community.
Through WELF DAO, token holders can vote on critical areas such as platform development, treasury management, partnerships, grants, and even fee structures. Proposals require majority approval, and all voting takes place on Snapshot. Only tokens held on-chain – staked or unstaked , are eligible, meaning centralized exchange balances like MEXC won’t count.
WELF Finance says the DAO will also play a gatekeeping role in its decentralized fundraising platform. Any fundraising campaign must first be approved by over 50% of voting members before going live, with strict transparency requirements including proof of spending and multimedia evidence.
The WELF dApp, launched earlier this year, allows token holders to stake for rewards of up to 15%, with additional incentives for longer commitments. Within just two hours of going live, over 100,000 $WELF tokens were staked, a strong signal of early community engagement.
The DAO’s governance framework is built on the Fantom blockchain, powered by smart contracts in Solidity, with frontend integration using Next.js, Tailwind CSS, and Chakra UI. Wallet connectivity comes via Wagmi and Rainbowkit, while decentralized data storage is handled by IPFS and Web3.storage.
The DAO’s governance role will grow alongside Welf’s integration of Web2, Web3, and AI-powered solutions.
WELF DAO’s debut follows Welf Finance’s 2024 fundraising rounds, which brought in approximately $3.45 million from seed and IDO sales at a pre-valuation of $18 million. Despite trading well below its December 2024 all-time high of $5.02, $WELF currently holds a market cap near $9 million, with circulating supply sitting around 11 million tokens.
The team says the DAO’s first test proposal will go live this Wednesday. “This is just the beginning of a more community-driven WELF,” the announcement stated. “Here, you can share your ideas, vote on proposals, and help shape the direction of our project together with the rest of the community.”
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