Vote
Treasury
DAO treasury management and spending
The DAO treasury holds protocol-owned assets and is governed entirely through on-chain proposals.
Treasury Governance
All fund movements require:
- Formal proposal with detailed budget and justification
- Community discussion period (minimum 3 days)
- On-chain vote meeting the required quorum
- Timelock delay before execution
Spending Tiers
| Amount | Proposal Type | Quorum | Timelock |
|---|---|---|---|
| Under $10K | Treasury (small) | 2% | 1 day |
| $10K - $100K | Treasury (standard) | 10% | 7 days |
| Over $100K | Constitutional | 20% | 14 days |
Multi-Sig Council
Emergency operations use a 4/7 multi-sig council:
| Property | Value |
|---|---|
| Signers | 7 council members |
| Threshold | 4 signatures required |
| Execution | Transparent on-chain transactions |
| Scope | Emergency pause, security fixes only |
| Oversight | All actions logged and reviewable |
The multi-sig cannot override governance votes. It exists solely for time-sensitive security responses.
Treasury Assets
The treasury holds:
| Asset | Description |
|---|---|
| LUX | Native protocol token |
| vLUX | Vote-escrowed governance token |
| USDC | Stablecoin reserves |
| LP tokens | Protocol-owned liquidity |
Reporting
Treasury balances and spending history are publicly viewable at lux.vote/treasury.
Monthly reports include:
- Opening and closing balances
- All approved and executed proposals
- Running total of grants and payments
- Yield from protocol-owned liquidity
Smart Contract
The treasury is implemented as a Timelock Controller with the Governor as the sole proposer:
Governor -> Timelock -> Treasury
(propose) (queue + execute) (holds funds)Only proposals that pass governance can execute treasury transactions.