DAO Fund

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DAO Fund

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

DAO Wallet Address
0x0fA5a3B6f8e26a7C2C67bd205fFcfA9f89B0e8d1
Functions of TOMB Finance DAO
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 TOMB 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 TOMB TWAP is extremely high, the DAO will sell some TOMB 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.
All transactions made by the DAO can be found here.
 
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Last modified 2mo ago

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DAO Wallet Address

Functions of TOMB Finance DAO