DAO

DAO

Address: ———————-

The Dao Fund is our assurance on protecting the CRS and STABLECOIN PEGS. It 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 TWAP of STABLECOIN or CRS 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 CRS or STABLECOIN TWAP is in range X, the DAO will sell some CRS or STABLECOIN to assist in 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 invest in safe projects to earn yield and grow itself at the discretion of the team.