Treasury Management & $SQUIG

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Core Principles
Maintain an infinite time horizon: The treasury should be structured to exist in perpetuity.
Ensure inflows exceed outflows: Over the long run, revenue generated should exceed spending.
Diversify: Treasury allocations should ensure that critical expenses can be funded even if the protocol token has a significant drawdown.
The $SQUIG token
$SQUIG is our community governance token. It's used for voting on SDIPs and as a reward for contributors to the DAO. Currently, it doesn't have much liquidity. Making the token more liquid is a major focus for the team in 2022, once the DAO has a formal legal structure in place.

There are only 10 million $SQUIG tokens, this means we have to be extremely careful, balancing meaningful rewards with very long-term planning. There are no best practices for this yet but they are being developed and the DAO will remain vigilant to our long-term priorities:
Distribute tokens to select tastemakers, e.g. holders of squiggles
Curate / recruit new creators to the community by buying their NFTs
Swap tokens with similarly aligned communities and provide access to mutual benefits like gated content or a tokenized group chat
Reward tokens to the most active contributors in the DAO
Facilitate an active tipping culture among members to grow the community economy

Treasury - Previous

Treasury Details

Last modified 3mo ago

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Core Principles

The $SQUIG token