Peg Mechanisms

Wizard Finance has thought of a few changes to the tomb/basis model which should help us keep $WIZARD as close to peg, or above peg as possible.

Peg to FTM

Wizard Finance chose to peg to a fraction of FTM in order to keep the printer on as long as possible.

Treasury Fund

Wizard Finance's multi-sig treasury's main purpose is to act to maintain the WIZARD peg if dire conditions arise. Wizard Finance can deploy its treasury in an attempt to bring WIZARD back to peg with FTM should it fall.

The Treasury fund is the second line of defense on top of the Bond Mechanism. The Treasury fund is controlled by the core team and will later move to a governance system to vote on using funds in certain areas of the project and outside including investment, marketing, etc.