Treasury
Treasury Vault
Treasury is your DAO's treasury account, which supports ERC-20 tokens and ERC-721 NFT. If your vault holds NFTs, there will be a gallery to view your DAO's NFTs.
How it Works
All members directly own the vault based on their respective stakes and/or loot. Shares give you voting rights as well as rights to treasury funds, while Loot only gives you rights to treasury funds. To help you visualize, here's a simple DAO example with 6,000 USDT in the treasury.
Alice
10
0
25%
1,000 USDT
Bob
10
10
25%
2,000 USDT
Chris
20
0
50%
2,000 USDT
Dani
0
10
0%
1,000 USDT
Total
40
20
100%
6,000 USDT
In the example above, Bob owns 10/40 of the shares and he owns 25% of the voting power. If he wants to withdraw from the treasury, he can claim 33% of the funds (2,000 USDT), because the sum of his stake + loot is 33% of the total.
Since Dani has no shares, she has no voting rights. If she wants to withdraw money from the treasury, her 10 loot will give her 16% of the treasury funds (960 USDT).
When members RageQuit or Group Kicked, this is how their withdrawal amount is calculated. The DAO will need to calculate a member's fair share of the treasury to ensure the accuracy of exit amounts.
Common Treasury Use Cases
Adding and Whitelisting ERC-20 Tokens Treasury Vault can support valid ERC-20 tokens, but for it to show up on the Treasury Vault UI, you need to submit and pass a proposal to whitelist the token. Once the token is whitelisted, the treasury should display the ERC-20 token. Contrubute a Token to join DAO
When a new member wants to contribute a token to join, he needs to submit a membership proposal stating the token he is offering and the shares requested. Currently, only ERC-20 tributes are available, but ERC-721 NFT will be available soon. Apply for funding from the Treasury If you would like to apply to the Treasury for funding, please submit a funding proposal and identify the funds owed to you.
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