DAO Fund
The fund controlled by the developers of Savanna Finance that conducts buybacks and acts as a reserve to help maintain the peg.
DAO Wallet Address
0x0AF5144418a4FE0dB19712A31955513B82108287
Functions of Savanna 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 SVN 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 SVN TWAP is extremely high, the DAO will sell some SVN 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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