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NAVADAO Fund

NAVADAO Wallet Address

0xeB092ae273a14561C60c2168362A60d1A8762473

Functions of NAVADAO

The NAVADAO fund is the second line of defense on top of the Bond Mechanism. The NAVADAO 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 NAVADAO is as follows:
  • When NAVA TWAP is below 1, buybacks will be initiated by the NAVADAO. 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 NAVA TWAP is extremely high, the NAVADAO will sell some NAVA to help assist bringing back to peg and prepare its reserves for buybacks below 1.
  • The NAVADAO 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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NAVADAO Wallet Address
Functions of NAVADAO