Mechanics

Although the price of $FUND is in the hands of the free market and doesn't have any correlation to the Treasury value (at least in its V1), holders will have complete governance control over the Treasury and its profits. To its base, $FUND is a governance token... but a special one.

As said, governance have direct control on the Main Managed Treasury funds. And with "direct" we mean really DIRECT.

ANYTIME holders have a request, they can create a governance vote. If the proposal passes the voting, then The Degen Fund will satisfy the request.

• Price of $FUND is low compared to Treasury value? Ask for a Buyback and Burn.

• Want to change Treasury managers? Ask for it and propose who should replace them.

• Want to dismantle the treasury, repay all holders proportionally and close TDF forever? Go for it, give it a try.

Besides governance, $FUND will have other different utilities such as being held to join Copy-Trading vaults and more to come to give value to the token.