The fund controlled by the developers of Tomb Treasure Finance that conducts buybacks and acts as a reserve to help maintain the peg.
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 GOLD 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.