DAO Fund
DAO Wallet Address
0x1E38C795EdfAb26249C9edE07082e8c319755f7f
Functions of Ruby 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 RUBY 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 RUBY TWAP is extremely high, the DAO will sell some RUBY 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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