Treasury Mechanics
Last updated
Last updated
Tax funding and bond issuance are ultimately used to recapture and burn $QD giving holders a strong incentive to suggest and subsequently vote on opportunities for the DAO, with the focus of maximizing deflation.
On a weekly basis, two proposals are held; asset submission and asset selection. The asset receiving the most votes (token balance weighted) is purchased on behalf of the DAO at the end of the voting period.
After one week, the asset is removed from the DAO's portfolio, whether in profit or loss. The resulting balance is then used to purchase $QD at market rate, reward stakers (when applicable), with excess $QD burned.
No staking is explicitly required, however, $sQD is used for voting.