DAO Structure
At the core of VECC’s governance is its Decentralized Autonomous Organization (DAO), which gives token holders the power to make decisions and shape the future of the platform. Through the DAO, VECC users participate in key governance activities, such as setting lending rates, determining liquidation policies, and voting on important proposals. This ensures that the platform remains community-driven, transparent, and aligned with the interests of all stakeholders.
Upgradeability
VECC is built for continuous evolution with its upgradeable smart contract model. Using OpenZeppelin’s proxy pattern, VECC’s platform is designed to accommodate future updates and improvements without disrupting the existing ecosystem. This allows the platform to remain adaptive to market changes, technological advancements, and community-driven changes, ensuring that VECC can scale and improve over time while maintaining stability and security.
