OPEN token holders own and control the OpenDAO. Token holders will eventually decide on which assets can be used as collateral for both the liquidity pools and USD minting. OPEN will also be used to incentivise actions in the OpenDAO ecosystem.
Timeline of various assets being used to mint USDO
Phase 1
Liquid on-chain crypto assets
Phase 2
Liquid off-chain assets
Phase 3
Small Illiquid off-chain assets
Phase 4
Large Illiquid off-chain assets