Treasury Spending : The treasury will consist of multiple wallets
- LP Fees
- MSK Allocation
- MaskDAO Future Revenues
This wallet will contain 50% of the initial MaskDAO MSK allocation, and 10% or $50k worth of total treasury funds. Funds in this wallet will be used for quick actionable spending for compensating previous work before launch and small individual expenditures (less than $2.5k) deemed appropriate by the core MaskDAO members. The governance process can sometimes take extra time, and this spending wallet will allow MaskDAO to make quick expenditures to keep operations going.
Any individual payment over $2.5k will need separate approval by MaskDAO governance if the payment is not currently under the direction of an approved MaskDAO proposal.
Approved Initiatives Wallets and Future Revenue
When a proposal is passed by MaskDAO governance, the approved budget will be moved into a separate wallet. This will allow for full transparency to MaskDAO members, as well as an easier way to monitor revenue generated by each initiative. Approved initiatives can include ecosystem tools, pre-launch artist funding, or other future needs for MaskDAO. Revenue brought in through MaskDAO initiatives will be consolidated into the main treasury wallet on an as needed basis.
Liquidity Provider Fee’s Wallet
The liquidity mining program fee’s will funnel into one wallet which will be actively managed to consolidate holdings in stablecoins. This is done to avoid exposure to crypto asset volatility while growing the organization. Future decisions for this wallet, and other long term treasury holdings will be voted on through the MaskDAO governance process.
MSK Allocation Wallet
5% of the total MSK supply is given to the MaskDAO treasury. This allocation will be used to compensate MaskDAO contributors and potentially fund future initiatives and community incentive programs.
Voting Standards and Staking Program