Comment on page
A treasury is a type of "financial account" that holds a variety of different assets, including currencies and investments both on and off the blockchain. It is an essential part of any decentralized organization that relies on the input and approval of its members to operate. In order for these funds to be transferred in and out of the treasury, proposals must be passed by the members of the DAO using voting rights granted by their $WLD tokens. This not only ensures that funds are allocated efficiently and effectively, but also helps to build trust and engagement between members as they work together to achieve shared objectives.
A treasury is a key component of a DAO's ecosystem, playing a role in holding and managing assets both on and off the chain. On-chain assets are typically tokens such as $wLITI or $ETH, while assets that live off the chain may include precious metals and other tangible commodities.
- ERC20 tokens
- Governance tokens of sub-DAOs or external DAOs
- Smart contracts
- Liquidity pools
- Intellectual property
- Precious metals