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.