# 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](https://docs.conic.finance/conic-finance/faq/contributors) via [LlamaPay](https://llamapay.io/). 

Appropriate use of the funds can be decided via DAO [governance proposals and votes](https://docs.conic.finance/conic-finance/governance/understanding-governance). 

### 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.