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The DAO (community) has full control over the funds and assets (tokens) held by the treasury and determines how they are spent (Governance).

Treasury funds can be spent to:

  • Invest in tokens and NFTs,

  • Provide liquidity for trading on exchanges,

  • Pay other expenses approved by the DAO.

The MetFi protocol is built on BSC (BNB chain) so the treasury smart contract can only hold tokens native to BSC. Tokens living on other blockchains whilst still owned by the DAO/Treasury need to be handled differently.

All treasury tokens essentially fall into one of the following three categories:

  • BSC tokens – all vested BSC tokens are held in the treasury smart contract,

  • Funds and assets that have not yet had their TGE (token generating event) when the assets are minted on-chain, including assets that have not vested,

  • Funds and assets on other chains e.g. ETH (ERC-20) chain, including assets currently held in the DApp of a project as is the case with the Big Time NFTs that the treasury owns as these NFTs are needed in the game.

The treasury smart contract holds and tracks all MetFi DAO funds and assets that are on BSC. Other wallets and/or contracts hold and track treasury funds and assets on other blockchains such as ETH (ERC-20) chain and some assets are held in DApp wallet of the projects the DAO have invested in.

Collectively, we currently holds and track:

  • BUSD tokens,

  • LP tokens for the PancakeSwap MFI/BUSD, MFI/BTCB, and MFI/WBNB liquidity pools

  • Reserve BTCB, ETH, and WBNB,

  • Web3 investments that can be viewed on the statistics page.

When new assets are purchased a new treasury extender smart contract is deployed for each asset with the values displayed at the bottom of the statistics page.

These are only 3 scenarios where the treasury can mint MFI tokens:

  1. To distribute MFI Multiplier rewards for staked MFI tokens,

  2. To provide additional liquidity to the liquidity provider,

  3. When a user mints an NFT or buys MFI tokens on the MetFi platform and the treasury does not buy the MFI tokens from the liquidity provider (currently always bought from PancakeSwap) but rather mints them in exchange for the purchaser BUSD. The received BUSD goes to the treasury.

By design it is impossible for the treasury wallet to hold MFI so all MFI tokens that enter the treasury are immediately and automatically burned by the smart contract for the following reasons:

  1. Fewer tokens to be stolen in the event of an exploit,

  2. Treasury has a more accurate valuation,

  3. MFI tokens have a more accurate valuation.

Burning MFI tokens will occur:

  1. When an NFT holder exchanges staked MFI tokens for treasury assets 100% of the exchanged MFI is sent to the treasury and burned,

  2. When an NFT holder unstakes their NFT 10% of their MFI tokens are sent to the treasury and burned,

  3. At token buybacks from the liquidity provider,

  4. When liquidity is removed from the liquidity provider,

  5. When the DAO votes to do so.

N.B: Future ecosystem developments can create new MFI burning opportunities that the DAO may wish to execute.

The treasury holds the first position in all 10 matrices and receives MetFier Rewards per the same smart contract logic as any other account.

The treasury has control over the liquidity it provides on the DEXs. The treasury locked its liquidity until June 3rd, 2027 and locked liquidity is always bound by the parameters of the smart contract that the liquidity is locked which in this case was 5 years from the date of locking.

The treasury can provide additional liquidity or remove excess liquidity up to the number of available MFI tokens. Adding or removing liquidity is always bound by the LP pair e.g. MFI/BUSD.