Treasury

The Treasury is designed to ensure the floor price of the $GMI token. It utilizes income-generating strategies voted by the DAO to constantly grow and raise the $GMI token floor price with it.

The Treasury is designed to support the floor price of the $GMI token. It utilizes income-generating strategies, voted by the DAO to constantly grow and raise $GMI token' floor price. The Treasury is the backbone of the protocol. It's designed to constantly grow, meaning that the floor price of the $GMI token will grow along with it.
Treasury's balance is used to back the floor price of the $GMI token. If it drops below a certain value (the floor price), the protocol starts $GMI token buyback. The bigger the Treasury becomes, the higher the $GMI token floor price is.
The WagmiDAO Treasury expands using its income vectors, such as:
1. BONDS:
Whenever users purchase bonds of various cryptocurrencies, in exchange for discounted $GMI tokens, the Treasury grows.
2. Liquidity Provider fees:
The Treasury grows by receiving fees from the LP tokens, which were acquired by the bonds.
3.Trading fees:
Half of the trading fees (0.15%) goes back to the Treasury. Meaning that the bigger the volume of the exchange is, the faster the Treasury grows.
4. Yield Farming:
WagmiDAO protocol is going to utilize the funds acquired by bonding, minting/redeeming fees and Liquidity Pools trading fees to farm them, returning yields to the Treasury thus increasing its value steadily.
5. $FAM stablecoin collateral:
The idle USDC in the Family contract will be used to earn yields in various protocols, returning profits to the Treasury.
6. Mint/Redeem fees:
The protocol will receive small fees from each minting/redeeming of the token.
Advanced graphics and descriptive statistics, picturing all of the above, would be provided at our homepage. In the future, Governance over the Treasury will be delegated upon the token holders.
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