DAO Fund
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The DAO Fund is the second line of defense on top of the Bond Mechanism. The DAO Fund is controlled by the Developers.
Information about the DAO is as follows:
- When EWAND TWAP is below 1, buybacks will be initiated by the DAO. These will be done at a time decided by the core team and not publicized until after the protocol is back in expansion to prevent front running.
- The DAO Fund will hold a range of assets at the discretion of the core team
- The fund may or may not invest in safe projects to earn yield and grow itself at the discretion of the team.
- The fund will be used in certain areas of the project and outside including investment, development, marketing etc.
Last modified 1yr ago