With the upcoming implementation, Lucky8 presents a fundamental shift regarding the governance of Lucky8 including the ownership of the protocol. We intrinsically feel the need to build Lucky8 in the most transparent manner possible democratizing the protocol governance and giving full protocol ownership to $888 token holders.

Once the re-launch of Lucky8 featuring full contract migration is succeeded and the foundation of the protocol is laid out, all contracts will be subject to full ownership by the community. The logic behind it looks as follows:

The Lucky8 DAO contract will hold the entire governance-, bonding-, reward distribution- and lottery logic. Additionally, the Lucky8DAO contract owns:

• $888 Token contract (v2 of the token including token migration function)

• Lottery Ticket contract (ERC-1155 token accounting for the lottery tickets each epoch)

• Uniswap v2 888/USDC LP tokens

In order to propose a governance proposal, as well as voting on a proposal, the table below lays out all the relevant parameters defining the governance structure for proposals:

Everyone in the DAO can vote on a governance proposals with their bonded $888. In order to cast a vote, the tokens must remain bonded until the voting period has passed.

We firmly believe that entrusting $888 token holders with complete control over the protocol is the key to unlocking Lucky8's unparalleled potential for growth. By empowering the Lucky8 community, we are confident that Lucky8 can truly flourish and achieve what it is meant to be.

Join our community

• Visit our website: lucky8.money

• Follow Lucky8 on Twitter

• Become a community member on Discord