> For the complete documentation index, see [llms.txt](https://guardian-finance.gitbook.io/guardian-finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://guardian-finance.gitbook.io/guardian-finance/protocol/dao-fund.md).

# DAO Fund

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

### DAO Wallet Address: 0x191D890db4bAE0Bb5476A856C7b4c719605Bec12

The DAO fund is the second line of defense on top of the Bond 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 $GUARD 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 $GUARD TWAP is extremely high, the DAO will sell some $GUARD 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 invest in safe projects to earn yield and grow itself at the discretion of the team.

#### 10% of GUARD Emissions will go to the Treasury(DAO Fund).