🗳️Governance

Shape the Future of Fable: In partnership with the Booga Beras we present

THE WARDEN CONTRACT

For Fabled Bear holders, we are excited to announce a partnership with Booga Beras to introduce a robust governance system that rewards loyalty and contribution. Governance on the Fables platform will be powered by $MYTH, an exclusive token exclusively obtainable by staking your NFT in the Warden contract. This token will be irrevocably linked to your NFT, significantly enhancing its governance power.

Early minters who choose to stake their NFTs long-term instead of selling them quickly for profit gain a significant advantage from this system. These committed holders enhance their voting power in governance decisions, ensuring that those with the deepest investment in the collection have the most substantial influence.

When an NFT is staked in the Warden, it accumulates more $MYTH over time, enhancing its value on our marketplace. The accumulated $MYTH becomes a critical trait, indicating the NFT's influence to potential traders. For example, a Fabled Bear or Book NFT that was minted and staked on day one will possess substantially more control compared to one minted the same day but never staked.

FABLE Governance

This governance system will involve the entire community through proposals. For any major changes, we'll hold governance forums on Discord for discussion. Once we reach a consensus, proposals can move on-chain. FB holders can review and vote on proposals via our dashboard, with voting power based on their number of Bears, Books, and the associated $MYTH. Since $MYTH isn't available for purchase, only active FB NFT holders can participate in governance.

To support our community, 50% of our all our mint proceeds go to the Fable treasury. The Fable team will initially manage these funds, investing in Berachain protocols, and tokens in order to create yield strategies within Berachains robust Defi landscape. After establishing a soild foundation to the protocol, the community will take over through governance. In order to ensure our holders control and use the funds as they see fit.

The Fable team is very committed to following through on governance decisions, showing how dedicated we are to supporting our community and its wishes