DAO Treasury
Overview
Aera Force is structured to ensure that all assets are transparently held, and remain in control of the community. While the majority of Treasury funds will always be used to invest in projects, we plan for the community treasury to grow and support initiatives, incubators, and non profit donations. This page is meant to set up the foundational structure, which the DAO community will iterate on to best achieve our objectives.
The DAO Treasury will hold all of the funds raised from the purchase of Investment Ticket NFTs. The DAO may create a structure that allows for profit to be accrued (e.g., via de-fi yields) while we are diligencing potential investments.
Our Treasury enables the DAO to:
- Invest directly in projects;
- Support Community Members and members of the General Partnership;
- Fund internal DAO initiatives, incubators, and projects.
The Aera Force Treasury is a Gnosis Safe managed by a committee of 5 persons, who are members of the Aera Force DAO founding team, and a DAO Module that allows the submission of transactions on behalf of the governance token holders. In order to approve or reject a transaction, Gnosis Safe managers must achieve a simple majority (3/5). This is to ensure the security of the funds.
The Treasury Team
The Treasury Team will be responsible for overseeing the community treasury, accounting for any equity or tokens we recieve, and managing the unallocated portion of our investment pool (i.e. Liquidity Pools or Yield Farming).
The Treasury Team will be made up of DAO community members, who will be compensated for their time and effort, with a member of the GP serving as a touchpoint.
Treasury activities that may be put to DAO vote for approval include:
- Annual budget of GP and Community Earn pools
- Yield farming of liquidity pooling proposals
- Consideration of Other Initiatives
Budgeting and Treasury Management
GP Management Fee
Each year the General Partnership will release a budget proposal to the DAO, outlining how they will apply the Management fee and Community Pool as outlined in the allocation here. The budget must be ratified by a majority of present voting members.
Other Initiatives
We assume that for the first syndicate of Aera Force, the DAO Treasury will not surpass 1800ETH.
However, we plan for the DAO’s treasury to grow as we invite new members and launch new initiatives. This may require voting members to propose new ways to allocate capital from the DAO treasury. To do so, a member must initiate a ‘temperature check’ and receive support from 30% of the DAO voting community. After passing, a full proposal must be written and put to a snapshot vote.
We imagine these allocations could:
- Support artists, creatives, or climate non-profits;
- Incubate regenerative technology projects;
- Host events; or
- Seed or catalyse new sub-funds, syndicates or special purpose vehicles/DAOs.