Strategic Reserve
Strategic Reserve:
The fund aims to maintain 20% of its value in its base currency of Ethereum in its Strategic Reserve. 20% of second market royalties will be deposited to the Strategic Reserve.
Every month, 20% of the realized gains from investment activity in the investment pool will be deposited into the Strategic Reserve to ensure that reserves are always present for expenses and share sales.
An additional 20% of realized gains from investment activity in the investment pool will be deposited into the strategic reserve and distributed as dividends to users based on percent ownership to all holders of the fund in Ethereum (Reference Section 5)
The Strategic Reserve will fund internal operations such as but not limited to:
Development Expenses
The initial setup will require some funds for coding development (paper trading). Please reference the developer note as well as the methodology sections.
Ongoing developmental expenses and expenditures will be deducted from the strategic reserve on an ongoing basis.
Moreover, smart contract initiation costs will be a major upfront expense to set up operations.*None of these salaries will be distributed to the original creators of the fund, these funds will be used only for the development of the DAMF*
Gas Fees for internal fund purchases & sale of ownership
The fund aims to provide a cheap and convenient smart buying solution, and therefore will cover all internal gas fees* for the fund’s operations internally through its strategic reserves. *Gas fees for the sale of fund shareholdings are not covered by the fund's critical reserves.
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