DAO FUND

The Dao fund is the second line of defense on top of the Bond Mechanism. The DAO fund is controlled by the Developers and will later move to a governance system to vote on using funds in certain areas of the project and outside including investment, marketing etc.

Information about the DAO is as follows:

  • When $MTOMB 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.

  • When $MTOMB TWAP is extremely high, the DAO will sell some $MTOMB to help assist bringing back to peg and prepare its reserves for buybacks below 1.

  • 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.

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