DAO Treasury
The DAO Treasury is managed by the XENA DAO through the governance participation of xXEN holders.
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)
Treasury Reserve
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
Treasury Liquid Assets
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.
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