Curation
How BIO holders govern and guide BioDAO launches
Last updated
How BIO holders govern and guide BioDAO launches
Last updated
Curation is how the BIO community (BIO token holders) selects BioDAOs to join the BIO network. BioDAOs accepted into the network qualify to receive funding via the BIO Launchpad, as well as access to the protocol's liquidity engine, incentives (bio/acc rewards), BioAgents and other ecosystem services.
BIO token holders curate by depositing their BIO tokens in a smart contract associated with a given BioDAO. If the BioDAO successfully reaches pre-set thresholds during the Curation and Funding Phases, Curators who initially deposited their BIO tokens with the BioDAO receive the BioDAO’s tokens at a predetermined discount, rewarding Curators for their early support.
When a new BioDAO enters the Curation phase, it allocates a portion of its token supply to a Whitelist and Public Curation.
Before Public Curation begins, a whitelist period may be offered to selected contributors, typically including project-affiliated individuals and large BIO holders (e.g., anyone holding ≥1M BIO).
Whitelisted participants are granted early access and collectively can contribute up to 50% of the total curation allocation.
This ensures that core community members and strategic partners have a chance to support the project first.
Whitelist contributions are capped by a set allocation of 50,000 BIO; any unused portion opens to the public during Public Curation.
During Public Curation, BIO token holders deposit their BIO tokens to signal support.
Public Curation contributions are capped at 200,000 BIO.
Users who withdraw deposited BIO before the conclusion of Curation are subject to a 5% withdrawal fee (sent to protocol) to prevent abuse.
Once a threshold of deposited BIO is reached, curated BIO tokens are locked, triggering the start of fundraising.
BIO tokens are locked for a pre-set period of time as determined by the BioDAO; for the first batch of DAOs, curated BIO is locked for 60 days.
After a successful fundraise, vesting BioDAO tokens are distributed to Curators, and the locked BIO is allocated to the BioDAO for liquidity in an AMM.
BioDAO tokens received by BIO curators are subject to a vesting period with a cliff as determined by the BioDAO. Initially, these will be set to 6-month vesting with a 3 month cliff.
If the BioDAO fails to raise the minimum required funds within the designated period, Curators may reclaim their deposited BIO after the 60-day lock-period has ended.
In a Bonding Curve fundraise, Curation and Funding remain open indefinitely. Meaning, Curation and Funding thresholds can be reached at any time in the future, triggering the Liquidity/AMM phase. Users who deposit BIO into a BioDAO's Curation after the initial 60-day Curator lock-up expires are not subject to a BIO lock-up.
