DAO Fund

The DAO wallet is a multisig wallet powered by Gnosis Safe. This fund is controlled by the developers of PiggyFinance that conducts buybacks and acts as a reserve to help maintain the peg.

DAO Wallet Address

0x7c708Fe3b6506edF9C7d67E402409C2bBC893f18

Functions of PiggyFinance 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 PIGGYTWAP 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 PIGGY TWAP is extremely high, the DAO will sell some PIGGY 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.