What is Spool (SPOOL)?
Spool Protocol serves as DeFi middleware, that allows users to participate in a subset of yield generating protocols in a risk diversified, automatically managed, and efficient fashion.
Spool solves issues by offering a way to participate in multiple yield generators while maintaining proper diversification, managing risk appetite, and benefiting from economies of scale when it comes to rebalancing and compounding. A user simply deposits into an existing Spool (or makes their own) and in turn enjoys automated and optimized decision-making curated by the Spool DAO.
The SPOOL Token is a regular ERC20 Token. It serves as a DAO governance and incentive token for: Voting on Spool Improvement Proposals, Incentive Payouts, Fee Structure, Risk Model Proposals, Submitting Spool Improvement Proposals (SIPs), and Management of the DAO Treasury.