TLD Whitepaper
  • Part I: What is The LifeDAO?
    • Introduction
    • Mission
    • Background
      • Islamic finance and insurance
      • Why is conventional insurance not shariah-compliant?
      • Takaful, an Islamic alternative to conventional insurance
        • Takaful vs. Conventional Insurance
        • Takaful in light of the Shariah
    • The LifeDAO: Inspired by Takaful, native to the blockchain
      • Two Funds, Two Entities
      • Risk, Solvency and the Benefit Multiplier
      • Shariah compliance of TLD
    • The Takadao Protocol
      • Takadao’s Technology Stack
      • Takadao Reprotection Pool
  • PART II: The LifeDAO Membership
    • Member Journey
    • The LifeDAO Membership
      • Membership Benefits
      • Membership Privileges
      • Benefit 1: Benefit Payout
      • Benefit 2: Surplus Distribution
      • Benefit 3: Governance Rights
      • Privilege 1: Verifier Incentive Program (VIP)
      • Privilege 2: Contributor Committee
      • Privilege 3: TAKA Token Airdrops
      • Allocation of Membership Contributions
      • Benefits Payout Management
      • Governance and the Contributor Committee
      • Contributor Functions
        • Screen Proposals
        • Endorse and Advocate for Proposals
        • Implement Proposals through Multisig
      • The LifeDAO Investment Pools
        • Investment Conditions
        • Deposit and Withdrawal Mechanisms
        • Governance
Powered by GitBook
On this page
  1. PART II: The LifeDAO Membership
  2. The LifeDAO Membership
  3. The LifeDAO Investment Pools

Deposit and Withdrawal Mechanisms

The Now pool has fully automated deposit and withdrawal mechanisms triggered by the underwriting algorithm. At every cashflow event, the underwriting algorithm calculates the cashflow needs and will deposit excess funds and withdraw funds to top up reserves accordingly. This process takes place through smart contract interactions where TLD's underwriting smart contract interacts with the DeFi protocol smart contract to execute deposits and withdrawals.

The Soon and Later pool have semi-automated deposit and withdrawal mechanisms. TLD’s underwriting algorithm calculates the cashflow needs and sends a deposit or withdrawal request to the mutisig wallet that is controlled by contributors. Contributors review the deposit or withdrawal request and approve the request by signing the Multisig wallet which triggers a request to the various fund or asset managers with whom the pools are invested.

PreviousInvestment ConditionsNextGovernance

Last updated 5 days ago