Bread Wiki

Shared Treasury

3 min read

== Useful links==

  • More detailed descriptions of governance to come soon!

BASICS

About the Breadchain Shared Treasury

The Breadchain Shared Treasury is the on-chain wallet (multi-signature) for managing the shared resources of the Breadchain Network. Here are some quick facts.

  • The multi-signature wallet’s signers include one representative of each organization that is part of the network.
  • New members of the multi-signature wallet are based on consensus-driven acceptance of new projects into Breadchain.
  • Each representative is based on how each project chooses their representative for the multi-signature wallet.
  • Members of the wallet are expected to join monthly governance calls with the rest of the representatives to give updates and align on strategic objectives.
  • Each transaction out of the wallet is voted on and confirmed by a majority of the signers.
  • The state of the treasury is always publicly available here.

Purpose

The purpose of the treasury is to store and allocate assets meant for pursuing network wide goals and strategies. This could be by way of grants for prioritized work, sponsorships for aligned events, or loans for new projects. This allows for a pool of funds shared by the projects to be used for efforts outside of the scope of other member projects but still aligned with the greater goals.

QUESTIONS!

How do you plan to incorporate BREAD in your org?

The main asset held in the treasury is BREAD and is the asset to be used to fund grants. The priority will always be to use BREAD as much as possible even for sponsorships so that other organizations can start to hold BREAD as well.

What do you plan to do in the short term with the funds received from Breadchain?

In the short term we plan on continuing to sponsor aligned events through the year to share what Breadchain and its member projects are doing with aligned individuals and communities. We additionally are working on starting a fund for helping kickstart new initiative within the network.

What processes do you have to determine how funds from Breadchain are allocated?

e.g., proposals, directly to contributors, etc.

At the moment the process for determining how funds are allocated is through proposal, deliberation, and consensus to make transactions from the multi-signature wallet. We allow for signers as well as members of individual projects to make proposals for the use of funds.

What have you done so far with the funds you’ve received?

So far with the funds we’ve received in the treasury we have paid sponsorships for several Crypto Common Association organized events like the Crypto Commons Gathering 2023, ReFi Spring 2023, CoFi Liege, and others. We have also used funds from the treasury to help fund specific development work to integrate BREAD into platforms like Dandelion so users can buy and sell tickets to events in BREAD.