🗝️Treasury Council
Runway and Sustainability
The Treasury Council is a Sub-DAO within the Syndicate Governance structure, responsible for managing the treasury of the Syndicate protocol. Its primary functions include:
Providing resources for the growth and expansion of the protocol: The Treasury Council's primary mandate is to provide resources for the growth and expansion of the Syndicate protocol. This includes managing the treasury in a way that allows continuity of funding for protocol costs, council and core contributor stipends, ecosystem incentives, including grants council funding, and other discretionary incentives.
Managing the Syndicate Development Fund: The Treasury Council works closely with the Shadow Council to manage the Syndicate Development Fund, which is used to fund the development and growth of the Syndicate ecosystem. The Treasury Council ensures that the funds are allocated appropriately and that the development of the protocol is sustainable.
Coordinating with the Shadow Council and the Astral Council: The Treasury Council coordinates with the Shadow Council and the Astral Council to ensure that the funds are allocated appropriately and that the development of the protocol is aligned with the vision and goals of the Syndicate ecosystem.
Managing the multi-sig wallet: The Treasury Council manages the multi-sig wallet that holds the funds of the Syndicate protocol. This ensures that the funds are secure and can only be accessed by the Treasury Council members.
Ensuring transparency: The Treasury Council ensures transparency in its operations by providing regular updates on the state of the treasury, including the inflows and outflows of funds, and the status of ongoing initiatives that are being funded by the treasury.
Overall, the Treasury Council plays a critical role in ensuring the sustainability and growth of the Syndicate protocol. Its functions are designed to ensure that the resources of the protocol are managed efficiently, effectively, and in a transparent manner. This allows the community to participate in the governance of the protocol with confidence and ensures the long-term success of the Syndicate ecosystem.
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