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 GLX 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 GLX TWAP is extremely high, the Community Fund will sell some GLX 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.