Treasury Department - S6 Budget Proposal

Treasury Department - S6 Budget Proposal

Authors: senad.eth :black_flag:#8782
Editors: Icedcool­čĆ┤#4947, Bananachain­čĆ┤#6171, gruad#1079, Sprinklesforwinners­čĆ┤#1125
Squad: gruad, Bananachain, senad.eth, degenrsc, Icedcool, AAJ, Kouros, tomahawk, Blockboy, Spinklesforwinners, cryptodad, nikhilbaranwal , tesa_fc
Date created: Oct 5th, 2022
Date submitted: Oct 14, 2022


The Treasury Department is an operational unit that is meant to attract financially and economically skilled talent, while being a container for operational sub-departments of Treasury management and Tokenomics serving as facilitator and enabler for operational entities such as working groups and teams to its operational sub-departments.


The Treasury Department has worked towards giving a financial overview of BanklessDAO and its Departments, making this information readily available to all and auditing current practices. Additionally the Treasury Department oversees tokenomic operations and monitors and manages all integrations related to BANK, including new platforms and proposing new strategies.

Season 4

In Season 4 we have successfully established 4 different working groups to research different tokenomics topics. These are:

  • L2 migration
  • BANK Utility
  • Treasury Diversification
  • Tokenomics Leveling Up *For Season 5 should it be separated since receiving its own grant?

Season 5

In Season 5 we continued to provide a financial overview of the main Bankless DAO Treasury with monthly summaries and quarterly financial reports. In addition to this, the Tokenomics department continued its research into the different subjects mentioned above. However, one of the main goals for Season 5 was to agree on implementing a governance framework, which we ultimately using a sesh poll.

To accomplish these objectives we needed the following positions:

  • Treasury Management Coordinator
  • Accounting Analyst
  • Tokenomics Coordinator
  • Tokenomics Apprentice

Season 6

To accomplish these objectives we needed the following positions:

  • Treasury Management Coordinator
  • Treasury Management Apprentice
  • Tokenomics Coordinator
  • Tokenomics Apprentice

And the following working groups:

Treasury Management Department

  • Accounting
  • Project Revenue Recognition

Tokenimics Department

  • BANK Utility
  • L2 Migration


We aim to responsibly steward, report on and grow the BanklessDAO treasury. This includes developing and maintaining a living framework for capital assets and their allocations, creating proposals and suggestions for the management of said assets, in support of and in alignment with BanklessDAOÔÇÖs current financial objectives, and mission.


Two of the tasks that must be overseen by the Treasury Management Department is the preparation of the financial reports as well as paying invoices on behalf of the DAO or paying the gas fees that DAO members incur when making transactions related to Bankless DAO operations. Both Treasury Management Coordinator and Tokenomics Coordinator are responsible for the administration of the Treasury Department. This includes supervising, organizing, and coordinating activities in the Treasury Department like moderating weekly meetings, maintaining the DepartmentÔÇÖs notion page or representing the Department in the Community Calls while meeting the objectives, requirements and needs set up by the DAO. In addition to this they are responsible for preparing the budget of the Department as well as paying the Treasury Department members with paid roles.


The working groups members, such as leads and their support will be compensated with 240,000 BANK for the whole Season and it will be distributed amongst its members by Coordinape.

A variable amount of BANK will be held aside for a Bounty pool. The bounty pool can be allocated at the discretion of the department coordinators. If there is any dispute to allocations, a sesh poll will be created and voted on by the Department to resolve the dispute. Additionally, Department members can craft a proposal and request funds from the bounty pool if they arenÔÇÖt being bountied out. Proposal template.

The total budget request for the Treasury Department for Season 6 is 395,000 BANK & 1,700 in USDC as per the summary below and this covers the months from August to October.


Details Roleholder Salaries Incentives TOTAL (BANK) TOTAL (USDC)
Treasury Management Coordinator 90,000 90,000
Tokenomics Coordinator 90,000 90,000
Treasury Management Apprentice 30,000 30,000
Tokenomics Apprentice 30,000 30,000
Accounting and Reporting WG 30,000 60,000 90,000
Revenue Recognition WG 25,000 25,000
Investment Principles WG 25,000 25,000
BANK Utility WG 25,000 25,000
L2/Multi-Chain WG 25,000 25,000
Bounty Pool 170,000 170,000
TOTAL (BANK) 270,000 330,000 600,000
Asset repository bDAO uses 1,700 USDC
S5 Left Over 205,000
TOTAL S6 ASK (BANK) 395,000 1,700 USDC


Details/Item KPIS Measure of success
Show progress related to value remuneration back to bDAO for Grants. Produce a summary of progress made since S5 on proposed or agreed upon structures with funded projects. Pass/Fail
Design and Produce Monthly and Quarterly Reports Produce at least a single report of each type and frequency. Pass/Fail
BANK utility WG? Identify Problem verticals for BANK, and investigate them, producing proposals and create a seasonal report to the DAO on findings. Pass/Fail
Multi-Chain WG? Investigate usage of L2s and prepare for the multichain future of BanklessDAO. Pass/Fail


Treasury Department Poll
  • Approve
  • Deny

0 voters