DAO Treasury

The treasury is a critical component of Bionic DAO, ensuring the financial stability and sustainability of the organization. It operates under strict governance to maximize its value and support DAO operations.

Structure and Oversight

• Permanent Council Attachment: The treasury is permanently overseen by the council, ensuring continuous alignment with the DAO's strategic goals and governance standards.

• Mandate to Increase Value: The primary objective of the treasury is to grow its funds through prudent investments and allocations. This growth supports the DAO's ongoing activities and future initiatives.

Proposal Process for Treasury Funds

• Open Proposal Submissions: Any DAO member can propose using treasury funds. This inclusive approach allows members to influence the financial decisions and priorities of the DAO directly.

• Council Approval Required: To safeguard the treasury and ensure responsible spending, the council must review and approve all expenditure proposals. This step ensures that funds are used effectively and in ways that benefit the entire community.

Goals and Responsibilities

• Funding DAO Operations: The treasury's funds primarily cover operational costs, ensuring the DAO can function smoothly without financial strain.

• Supporting Community Initiatives: Funds may also be allocated to projects or initiatives proposed by members that align with the DAO’s objectives and have potential for positive impact.

Transparency and Reporting

• The management and status of the treasury are reported regularly to the community, maintaining high transparency about its health and activities.

• Decisions on fund usage are documented and accessible, allowing members to understand and review how resources are allocated.