Nerif Docs
  • Quickstart
  • Tutorials
    • Lottery Tutorial
      • Step 1. Configure your account
      • Step 2. Add a smart contract
      • Step 3. Create a new automation workflow
      • Step 4. Build your automation workflow
      • Step 5. Test workflow execution
    • Bridge Tutorial
      • Step 1. Configure your account
      • Step 2. Add smart contracts
      • Step 3. Create a new automation workflow
      • Step 4. Build your automation workflow
      • Step 5. Test workflow execution
    • Price Feed Tutorial
      • Step 1. Configure your account
      • Step 2. Add smart contract
      • Step 3. Create a new automation workflow
      • Step 4. Build your automation workflow
  • 1. What is Nerif Network?
    • Our Mission
    • Our Vision
    • Terms
  • 2. Architecture
    • Core components
    • Validators
      • Networking
        • Bootnode
        • Joining the network
        • Leaving the network
        • Slashing
      • Consensus
        • Epoch & Rounds
        • Automation workflow
          • Triggers
          • Actions
          • Condition
    • Contracts
      • System Contracts
      • Operational Contracts
    • Security
      • DKG
      • Threshold ECDSA
      • Security checks
  • 3. How it works
    • Introduction
    • Nerif App
    • Login
    • Account Configuration
      • 1. Deploy a Gateway Contract
        • 1.1 Create a new gateway
        • 1.2. Use existing gateway contract
        • 1.3.What if I want to update my gateway contract?
      • 2. Top up your balance
        • 2.1. Topping up your balance on Polygon Mumbai
        • 2.2. Topping up your balance on Ethereum Goerli
    • Fees
    • User balance
      • 1. Topping up the balance
        • 1.1 Top up your balance via Nerif App
        • 1.2 Top up your balance directly via Registry smart contract
      • 2. Withdraw from balance
        • 2.1 Withdraw via Nerif App
        • 2.2 Withdraw directly via Registry smart contract
    • API
      • Off-chain APIs
      • On-chain APIs
    • SDK
  • 5. Nerif DAO
    • Governance
    • Treasury
    • Proposal process
  • 6. Support
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  • Nerif DAO Treasury Functions
  • Funding Allocation
  1. 5. Nerif DAO

Treasury

PreviousGovernanceNextProposal process

Last updated 1 year ago

The DAO Treasury holds a crucial position within the Nerif Network, overseeing the management and allocation of financial resources to drive the network's growth and development.

The DAO Treasury will comprise funds accumulated from workflow execution fees and 50% of the initial NERIF token supply.

Nerif DAO Treasury Functions

The primary functions of the DAO Treasury include:

  1. Supporting Network Development

Allocating resources for research, infrastructure improvements, and ecosystem growth, fostering the continuous advancement of the network.

  1. NERIF Token Value Stabilization

Strategically buying and selling NERIF tokens on the open market to maintain stability and ensure the long-term value of the token.

  1. Funding Community-Driven Initiatives

Providing financial support for projects and initiatives proposed by the community, fostering their contributions to the network's overall success.

  1. Covering Operational Costs

Managing and allocating funds to cover essential operational expenses, including node-runner incentives, marketing efforts, partnerships, and legal requirements.

Funding Allocation

To ensure a balanced distribution of resources, the DAO Treasury divides its funds into specific categories based on their intended purpose, including: