VirtuSwapDAO Treasuries and Multi-Signature Wallets

The VirtuSwap DAO has the following treasuries:

  1. Community and Growth: 60% of the total VRSW cap is dedicated to support VirtuSwap Community and Growth. From this part, 10% was allocated directly to the Community and Growth treasury on TGE; 30% will be dedicated to incentivizing Liquidity Providers; and the remaining 20% will be allocated to the DAO treasury for use at the discretion of the DAO. Use of Community and Growth funds is subject to passing a binding proposal by DAO voting mechanism.

  1. Development Fund: 6% of the total VRSW cap is dedicated to fund future development of the VirtuSwap protocol. The development fund will be managed by the VirtuSwap Foundation to fund its activities in supporting VirtuSwap UI and future versions of the VirtuSwap DEX.

  2. Admin keys Multisig: to deploy future versions of the VirtuSwap smart contracts, all related admin keys are held by a multisig wallet which is managed by the DAO.

Signatories are responsible for reviewing binding proposals that were approved and executing them accordingly.

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