# DAO Treasury The Conic Treasury can be found here: [0xB27DC5f8286f063F11491c8f349053cB37718bea](https://etherscan.io/address/0xb27dc5f8286f063f11491c8f349053cb37718bea) ### Who controls the Conic Finance DAO Treasury? The Conic Finance treasury is managed by a 3 out of 5 multisig controlled by the core team. ### What are funds used for? Currently the funds are used to cover development costs (e.g. audits, deployments, etc.) and to reward [contributors](/conic-finance/faq/contributors.md) via [LlamaPay](https://llamapay.io/). Appropriate use of the funds can be decided via DAO [governance proposals and votes](/conic-finance/governance/understanding-governance.md). ### Why does the treasury hold more than the stated 6% of the total CNC supply? 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](https://github.com/ConicFinance/token-distribution) 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. ### Do any fees from Omnipools or CNC emissions go to the treasury? No. In terms of CNC, only the initial allocation of 6% and the unclaimed vlCVX airdrop goes to the treasury. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.conic.finance/conic-finance/faq/dao-treasury.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.