Snowcat DAO brings the concept of fast-paced 8-day layers to the DAO world. After working under standard DAO mechanics of staking and linking within 8 days, 80% of all non-LP treasury funds will be used for buyout on Day 9.
Snowcat — a DAO with emissions that last only 8 days and ends with a huge series of buyouts, totaling 80% of the treasury. Staking rewards are issued on days 1-8. Bonding/embossing is available on days 1-5.
After 8 days, no new SCAT tokens can be added to the supply. Amounts in all treasury bonds except SCAT-DAI are calculated and redemptions are handled by a dedicated admin function. 80% must help to redeem SCAT on an intact SCAT-DAI LP within Day 9. 20% goes to contract operators. If any redemption funds remain unspent after day 9, the publicly called function can spend any remaining buybacks.
Once all buybacks are completed, SCAT becomes the meme token of the Avalanche ecosystem. Stakers will continue to be rewarded through a proportional redistribution of the 8% sales tax. Snowcat DAO may have a stake in a future team project, released on AVAX.