MiniPanther DAO, a Special Purpose DAO (SPDAO) on the Fantom Network! MiniPanther brings the concept of fast-and-furious 14-day "layers" to the DAO world. After operating under the standard DAO mechanics of staking and bonding for 14 days, 80% of all non-LP treasury funds will be used for buybacks on day 15. MiniPanther is a DAO with emissions that last only 14 days, and it ends with a MASSIVE series of buybacks totaling 80% of the treasury:<ul><li>Staking rewards are given on days 1-14</li><li>Bonding/minting is available on days 1-11, building the treasury (3-day vesting)</li><li>Regular treasury withdrawal is disabled; admins have no access to treasury funds</li><li>After 14 days, no more new MP tokens can be added to the supply. The amounts in all treasury bonds besides MP-DAI are calculated, and buybacks are performed by a special admin function</li><li>80% must be used for MP buybacks on the untouched MP-DAI LP within day 15</li><li>20% is sent to the contract operators</li><li>If any buyback funds remain unspent after day 15, a publicly callable function can conduct all remaining buybacks</li><li>After all buybacks are complete, MP becomes the meme token of the Fantom ecosystem</li><li>Stakers will still receive rewards via proportional redistribution of the 8% Selling Tax</li><li>If the protocol retains sufficient TVL, the team will pursue a Fantom infrastructural grant</li></ul>

MiniPanther

MiniPanther DAO is a special purpose DAO (SPDAO) on the Fantom Network

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