Champion Finance
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Treasury

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

DAO Wallet address:

0xb2325584DbbDE69Ff0d7Dd91682aACd33854c85a

POL Wallet address:

0x409968A6E6cb006E8919de46A894138C43Ee1D22

Functions of Champion Finance DAO/POL

The Dao fund is the second line of defense on top of the Rebase 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 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 TWAP is extremely high, the DAO will sell some $VIC 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 be invested in safe projects to earn yield and grow itself at the discretion of the team.
All transactions made by the DAO can be found onchain.