Strategy and DAO fund management
A decentralized autonomous organization (DAO) is an entity with no central leadership. Decisions get made from the bottom-up, governed by a community organized around a specific set of rules enforced on a blockchain.
DAOs are internet-native organizations collectively owned and managed by their members. They have built-in treasuries that are only accessible with the approval of their members. Decisions are made via proposals the group votes on during a specified period.
In the #dao-transactions channel you can follow the sells the team is making to filling up the DAO treasury. To have healthy ecosystem a well filled treasury is a must. So we aren’t trying to drive the price down. We are working to have a reserve for when we are losing peg.
The team isn’t only gathering wealth by selling the PegToken but are also actively investing the DAO funds into other projects and yield farms.
To track the funds and chosen strategy in the DAO you can check Apeboard.
ASHARE locked up in the boardroom will give members voting power in the decisions regarding the project. The project will be run by the members through voting. Voting will work through https://snapshot.org/#/quartz-defi.eth and the first two proposals are UP!