Treasury Setup

This proposal specifies all the Manager roles and duties in the Treasury Committee, and the Treasury Vault. This proposal must be voted publicly to take effect.

Treasury Setup is usually the first on-chain proposal that a DAO creator proposes. Both the DAO List View and Exploring View have shortcut to making this proposal: Propose / Treasury Management / Treasury Setup.

Click to get into your DAO and select Propose - Treasury Management

• Step1: Give this proposal a title and description

• Step2:

  1. Assign the duties to verified wallets, and the positions include:

     Operator, who can initiate asset transfer

     Multi-Signers, who can sign off asset transfers or payments

     Income Auditors, who can audit income

  2. Setup DAO's boundary of external financing

     Allow borrowing with Treasury asset as collateral?

     Allow borrowing by the DAO's credit?

     Allow Treasury to make investment?

Step 3: Assign manager duties and set the DAO's authority of external financing

• Step 3: review the proposal and confirm. INK enforces "stake to govern" method, which requires that the Proposer has staked the minimum number of governance tokens (defined by the DAO creator) and pledge them to back the proposal. INK will check this condition after the user clicks the Confirm button.

Pledge-to-govern: the Proposer must pledge minimum number of staked tokens

Proposal being created

Everyone is able to view the new Proposal once it is successfully created.

Viewing an Open Proposal

When this Proposal expires, the Proposing Manager needs to Tally Votes and Execute On-chain before it can take effect. When this proposal is successfully executed, the DAO will have its Treasury Committee, which can be found under the shortcut Committees, and the Treasury Vault, whose holdings can be found under the shortcut DAO Activities / Treasury Balance.