Colend Gouvernance (DAO)

The DAO page is where you can participate in Colend governance. Convert your CLND into xCLND, vote to reduce a pool’s borrowing cost, incentivize others to do the same, and claim the bribes you received.

Note : Voting for a pool where you’ve borrowed assets is a smart way to lower your borrowing costs and earn bribes.

The DAO page

1) This section lets you use your voting power on pools to influence their borrowing costs and earn bribes. You can also encourage others to vote for a pool by offering bribes.

2) This section allows you to convert your CLND into xCLND to gain voting power and later redeem it back into CLND.

3) This section allows you to monitor and claim your rewards.

The best way to take advantage of the Colend ecosystem is to first convert your CLND into xCLND to gain voting power. Then, use it to vote for the pool you’ve borrowed from to lower your borrowing cost while also earning bribes.

The first step to making the most of Colend’s DAO is to convert your CLND into xCLND.