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DAO Treasury
The Conic Finance treasury is managed by a 3 out of 5 multisig controlled by the core team.
Currently the funds are used to cover development costs (e.g. audits, deployments, etc.) and to reward contributors via LlamaPay.
The treasury received an initial allocation of 6% of the total CNC supply. Of this allocation, 5% (500,000 CNC) are on a 1 year linear vesting schedule. A further 1% was allocated fully vested to help seed the Curve CNC/ETH pool.
Out of the total CNC supply, 10% was allocated for an airdrop to vlCVX holders. Each eligible recipient had a period of 6 months to claim their share of the airdrop. When the 6 month claiming period expired on October 4th, 2022, a total of 639,567 CNC (6.39% of the total CNC supply) was claimed back to the treasury.
No. In terms of CNC, only the initial allocation of 6% and the unclaimed vlCVX airdrop goes to the treasury.
Last modified 8mo ago