As Tender.fi matures, the protocol will undergo progressive decentralization and eventually be governed by a DAO consisting of $TND token holders and governance structures both on-chain & off-chain. The founding team will bootstrap the initial release of Tender.fi.
The $TND token will be required to firstly bring forth, then vote on, proposals (Tender.fi Improvement Proposals) that would affect key parameters such as economics, security and the development of the protocol.
Examples of parameters that could be voted on include:
Interest rate models
The addition of assets that meet the risk requirements of the protocol
Risk parameters for overcollateralization and liquidation
Changes to reward and incentive programs
Improvements to the protocol such as changes to smart contracts and governance processes