> For the complete documentation index, see [llms.txt](https://midas-finance.gitbook.io/midas/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://midas-finance.gitbook.io/midas/dao-funds.md).

# Dao Funds

## DAO Wallet Address

0x9060aD575994fdFadC9A4598228fADF721D20c71

### Functions of Midas Finance DAO

The DAO fund is the second line of defence 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 GOLD 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 published until after the protocol is back in expansion to prevent front running.
* When GOLD TWAP is extremely high, the DAO will sell some GOLD to prepare for buybacks when TWAP goes under 1 and expand development, marketing, contests, etc.