DAO Treasury

The purpose of the DAO Treasury is to house the funds received from the ✨Daily Auction, the proceeds of which will be used to fund the 💸DAO Acquisitions.

The 💸DAO Acquisitions’s goal is to acquire more high-margin monthly recurring revenue to power and maintain the DAO’s 🎯Target Annual Percentage Yield (TAPY), the primary benefit of buying and holding the DAO token.

No central entity owns the DAO treasury.

It is legally owned by the Microangel Foundation, but contains no shareholders. Instead, the Foundation has members whose only power is the ability to vote on proposals which allow fund withdrawals out of the treasury.

The DAO Treasury will be sitting invetween a USD and an ETH balance. ETH sold to fund spend only possible in USD. Price swings aren’t particularly a big deal — they’re part of the design. If we earmark a system assuming $2.5m in acquisition funds per month, any ETH collected beyond that should just stay in the ETH multisig Would be cool (and cost effective) to be able to buy businesses with Ether directly — who knows, someone could want to trade their business for DAO membership lol

The treasury would pay these individuals for their work directly. Example

80% of treasury for acquisition funds
15% of treasury for ops fund (pays team)
5% of treasury for other