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Treasury Withdrawal Disabled
The ultimate use of all treasury funds is pre-programmed into the Snowcat DAO protocol. Therefore, the normal treasury withdraw function is disabled. According to the code, the creators and administrators of Snowcat DAO have no direct access to treasury funds.
The protocol-owned SCAT-DAI LP cannot be withdrawn from the treasury. Therefore, these SCAT-DAI LP tokens will be forever locked inside our bond depository contract!
Instead of standard treasury use, the creators will call custom functions to execute a massive series of buybacks after the 8-day supply expansion period!
Last modified 1yr ago