DAO FUND

A DAO fund is put in place to further sustain peg when peg is at risk.

A treasury fund has been set up as an additional measure to backstop LION 1:1 DAI peg alongside the $LBOND mechanism.

As Roaring Lion is a Toxic Deer fork, it also has a bot peg defender bot which uses treasury funds to maintain the peg. Its sells when TWAP is above and buys back when its below.
When the $LION TWAP is extremely high, the treasury fund will sell some $LION in order to repair its reserve funds that it may deploy in the event of slipping below peg.
The Treasury Fund may or may not make additional investment to yield and grow it's assets.

Last updated 2 years ago

A DAO fund is put in place to further sustain peg when peg is at risk.

A treasury fund has been set up as an additional measure to backstop LION 1:1 DAI peg alongside the $LBOND mechanism.

As Roaring Lion is a Toxic Deer fork, it also has a bot peg defender bot which uses treasury funds to maintain the peg. Its sells when TWAP is above and buys back when its below.
When the $LION TWAP is extremely high, the treasury fund will sell some $LION in order to repair its reserve funds that it may deploy in the event of slipping below peg.
The Treasury Fund may or may not make additional investment to yield and grow it's assets.

Last updated 2 years ago