Community Fund

The Community Fund is the second line of defense on top of the Bond Mechanism. The Community 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 Community Fund is as follows:

• When OWL TWAP is below 1, buybacks will be initiated by the Community Fund. These will be done at a time decided by the core team and not publicised until after the protocol is back in expansion to prevent front running.

• When OWL TWAP is extremely high, the Community Fund will sell some OWL to help assist bringing back to peg and prepare its reserves for buybacks below 1.

• The Community Fund 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.

For now any transactions done using the Community Fund can be checked on the block explorer.