AdmiralDAO is for builders. The DAO oversees a diverse group of custom-built DEXs, each tailored to specific types of traders and communities. DAO members can actively participate in governance through submitting and voting on AdmiralDAO Proposals ("APs") and ensuring their implementation.
Anyone holding SAIL tokens may vote on APs on Snapshot.
The voting strategy used is quadratic voting. This means that voting power is assigned based on the square root of the number of tokens held in the voter's wallet. E.g., if a voter is holding 100 SAIL tokens, their voting power will be 10 votes.
The quadratic voting model is an alternative to the 1 token = 1 vote model and aims to even the distribution of voting power by reducing the influence of whales in decision-making.