Successful Crypto Projects need resources to pay for many things: salaries for personnel, audits, education/marketing initiatives, etc.
ESD as of now has relied on donations of time and $ (for CertiK audit), but we need to create a path towards sustainable funding for protocol growth
- One time mint of 500k ESD from the DAO into the treasury to immediately fund initiatives for protocol growth e.g. grants for larger-scale tech specs and implementations, educational content, UI redesign, etc.
- 2.5% of every expansion reward going into treasury (transitioning to 77.5% DAO, 2.5% treasury)
- The treasury will be implemented as a Gnosis Safe with 7 signers at the start.
- Budget proposals will be prepared and proposed on https://fund.emptyset.finance/#/
- Upon passing, the signers will enact the budget proposal through the multisig process.
- Treasury signers have no specific executive authority over any of the funds and must purely enact voted budget proposals.
- All treasury funds will originate from supply expansion rewards, and not from any other sources (e.g. donations).