DAO Treasury
Last updated
Last updated
The Conic Treasury can be found here:
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 via .
Appropriate use of the funds can be decided via DAO .
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 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.