DAO Treasury
The DAO Treasury is managed by the XENA DAO through the governance participation of xXEN holders.
Last updated
The DAO Treasury is managed by the XENA DAO through the governance participation of xXEN holders.
Last updated
The DAO Treasury can be split into two distinct categories:
Treasury Reserve = XEN tokens
Treasury Liquid Assets = Senior (Zeus Tranche )XLP and XEN/USDT LP (on Base Chain)
The XENA DAO has a Treasury Reserve of XEN tokens made up entirely of the remaining XEN supply.
Treasury Reserve is used for:
Strategic Investor allocations, where all proceeds from the sale go to the DAO Treasury
Partnership allocations
Security audits
40% of protocol revenue is distributed to the DAO Treasury in the form of Senior XLP tokens that continually increase in value with fees from the protocol (50% of protocol fees to XLPs). The DAO Treasury also owns a position in XEN/USDT LP. These liquid portions of the DAO Treasury represented by Senior XLP and XEN/USDT LP can be redeemed from xXEN holdings.