DAO Fund

Additional defense

This is a fund established to support PolyDogeDAO system controlled by the developers. Conducts buybacks and acts as a additional defense to help maintain the peg. Later it will move to a governance system to vote on using funds in certain areas of the project and outside such as investment, marketing, events, rewards to all contributors & participants, partnerships to grow PolyDogeDAO etc.

If PDD TWAP is below 1 MATIC, buybacks will be initiated by the DAO. These will be done at a time decided by the team and not publicized until after the protocol is back in expansion to prevent front running.

DAO Fund will delete 3% of its PDD reserves each full epoch below peg

If PDD TWAP is extremely high, the DAO will sell some PDD to help assist bringing back to peg and prepare its reserves for buybacks below 1 MATIC.

The DAO fund can hold a range of assets at the discretion of the team. The DAO fund may or may not invest in safe projects to earn yield and grow itself at the discretion of the team.