The fund controlled by the developer team of Defender Finance that conducts buybacks and acts as a reserve to help maintain the peg.
DAO address: 0xb4ce1A933E85720aF0Df9A6889A63e1309E3984E
POL Multisig address: 0x7Be1BB9D2C11D58466C6123efc59db1377c682af
The Dao fund is the second line of defense on top of the community buyback. 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 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 be invested in safe projects to earn yield and grow itself at the discretion of the team.
All transactions made by the DAO can be found onchain.