Polaris Finance DEX
  • 📃About Polaris Finance
  • 1️Polaris Finance Phase 1 (Seigniorage)
    • Phase 1 FAQ
    • Token Genesis Pools & Launches + FAQs
      • POLAR Gen. & Launch
      • LUNAR Gen. & Launch
      • TRIPOLAR Gen. & Launch
      • ETHERNAL Gen. & Launch
      • ORBITAL Gen. & Launch
      • USP Gen. & Launch
      • BINARIS Gen. & Launch
    • SUNRISE and Earn
    • SUNRISE Expansions
    • BONDs Mechanism
    • Pegged Assets
    • BOND Assets
    • DAO Fund
    • Contracts & Wallets
  • 2️Polaris Finance Phase 2 (DEX)
    • Phase 2 FAQ
    • Overview
    • How it works
    • xPOLAR
    • veXPOLAR
      • Overview
      • veXPOLAR FAQ
    • Pools
      • Weighted Pools
      • Stable Pools
      • MetaStable Pools
    • Fees
    • Maths
      • Weighted Math
      • Stable Math
  • 🆘GUIDES
    • Moving between Aurora and Telos
    • Moving Assets and Liquidity to the new PolarisDEX
    • Moving from Solana to Aurora
    • Moving from EVM to Aurora
    • How to provide liquidity
  • 💡References
    • Dictionary
    • Polaris Finance Audit
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On this page
  • DAO Wallet Address
  • Functions of Polaris Finance DAO
  1. Polaris Finance Phase 1 (Seigniorage)

DAO Fund

The fund controlled by the developers of Polaris Finance that conducts buybacks and acts as a reserve to help maintain the peg.

DAO Wallet Address

0xFD7cbEAe92ED5ec9C58b88FE5aF9A78115A82cd8

Functions of Polaris 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 pegged assets 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 pegged assets TWAP is extremely high, the DAO will sell some pegged assets 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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Last updated 3 years ago

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