What is the Endowment?

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The Endowment (from which “ndau” is named) is a not-for-profit entity that serves as a mechanism by which the BPC can enact monetary policy and stabilize the currency itself. The purpose of the Endowment is to hold the net proceeds from the release of reserve ndau and to use both to provide liquidity to the market by way of the Market Maker.

The Endowment invests the net proceeds of its holdings according to rules and limits set forth by the BPC. These rules and limits best suit the long-term risk and return policy objectives of the BPC across the spectrum of possible investment environments in order to support a balance of growth and long-term market liquidity.

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