$STS - Subvault Token Shares
The Subvault's decisions are entirely governed by $STS (Subvault Token Shares), which are the shares issued when staking into the Subvault.
Owners of $STS have the right to decide on what properties are onboarded to the Subunit Protocol.
These decisions will be made via Snapshot.box.
Let's recap the flow:
You stake USDc into the Subvault
You get $STS in return
You now use this $STS to vote on whether to accept a property on the platform via snapshot.box
Your $STS tokens will be diluted when that onboarding occurs (each $STS will be worth less USDc)
You will be issued $UNIT tokens that represent ownership of the new property's DAO
Last updated