SAIL is the governance token of AdmiralDAO, a decentralized autonomous organization (DAO) that oversees a fleet of DeFi products, including Clipper, a custom-built decentralized exchange (DEX). SAIL token holders can participate in AdmiralDAO’s governance by submitting and voting on proposals. The governance process is structured into five phases: Proposal & Discussion, Temperature Check Vote, Snapshot Vote, Waiting Period, and Implementation. This systematic approach ensures a decentralized and community-driven decision-making process. The quadratic voting model used in on-chain voting aims to distribute voting power evenly, reducing the influence of whales. The project is stewarded by Shipyard Software, with Mark Lurie as the CEO and Co-founder.
