Treasury & Boardroom

Treasury

The Fatfi Cash Treasury exists to enable bond-to-cash redemptions. Bonds redeemed via the Treasury automatically returns the user an equal number of Fatfi Cash, provided that: 1) the oracle price of Fatfi Cash is above 1 USDT, and 2) the Treasury contract has a positive balance of Fatfi Cash.

Disallowing redemptions when the Fatfi Cash price is below 1 USDT prevents bond holders from prematurely cutting their losses and creating unnecessary downward pressure on the price of FAC.

Boardroom

The Boardroom allows Fatfi Share holders to claim excess Fatfi Cash minted by the protocol. Holders of Fatfi Shares can stake their Shares to the Boardroom contract, which by doing so, they can claim a pro-rata share of Fatfi Cash tokens assigned to the Boardroom.