DAOREX Insurance Fund (DIF)
DAOREX Insurance Fund
DIF is a separate wallet to DAOREX's DAP system. The DIF serves as an insurance fund which helps sustain the protocol and back the staking rewards provided by the positive rebase; a portion of the buy and sell trading fees that accrue in the DIF wallet.
The staking rewards (rebase rewards) which are distributed every 15 minutes at a rate of 0.023817% are backed by the DIF parameter, thus ensuring a high and stable interest rate to $REX token holders.
12% of all trading fees are stored in the DAOREX Insurance Fund. (5% of trading fees will help sustain the protocol and back the staking rewards by maintaining price stability; 4% will be paid to the LP Stakers; 3% will be burned to prevent circulation supply getting out of hand.)
DIF keeps the protocol safe by:
Avoiding flash crash through price stability amidst volatility
Achieving sustainability and future growth of the DAOREX Protocol
Greatly reducing downside risk
DIF Address: 0x3a20e5dDb671C3299e992F170Fc3da5D7c119293
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