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.

  • 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: 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.

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

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.

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