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Bond Treasury

Bond Treasury

The bond treasury contract is a simple vault implementation holding all the funds collected by the protocol through bond sales. If for instance, a user purchases a DAI bond, the bonded DAI is fully taken in by the bond treasury in return for the market equivalent of ELO bonded. New ELO will be released based on the value of the treasury assets. Below are listed bond treasury contracts by version, where the latest version represents the currently active contract.
  • V1
The Bon Treasury contract is guarded by a 4 of 8 multisig. That means any transaction for the treasury must be approved by at least 4 signers, of which we have 8 signers in total. The operation security for our treasury assets is thus protected from a single actor going rogue because it takes a quorum of 4 to authorize any transaction like moving funds in and out. The 8 signing addresses for our treasury are listed below.
Note that the DAO and the Bond Treasury signers are the same since the DAO is the manager of the Bond Treasury contract.