Authors;

Editors: (separate authors from editors by using a semicolon)

Date created: 17th January 2023

Date posted: 20th January 2023

Affiliation: none

Funds requested: 375,998 BANK + 1,700 USDC

Department wallet: eth: 0x31016FFCEBFf16C20E74A8610f1650DCB5c01Df3

SUMMARY

The Treasury Department is an operational unit meant to serve as a necessary organizational of the banklessDAO. Treasury management and Tokenomics, serve as facilitators and enablers for operational entities such as working groups and teams to its operational sub-departments.

BACKGROUND

The Treasury Department has worked towards giving a financial overview of BanklessDAO and its Departments. Additionally, the Treasury Department oversees tokenomic operations and monitors and manages all integrations related to BANK, including new platforms and proposing new strategies.

Season 6 was one of the important seasons for the Treasury Department as we strongly focused on building the foundation for the department to function properly and help BanklessDAO achieve its established financial objectives. In addition to providing a financial overview of the main Bankless DAO Treasury with monthly summaries and quarterly financial reports, we have stress tested our governance framework and hosted short sections on different educational topics.

This season we have successfully rapped up the Multichain Working Group as the group has delivered a sustainable methodology to migrate BANK tokens to different L2.

BANK contract address

Activities of Sub-departments in bullet points

Sub-department of Treasury Management

1. Currently standardizing transaction types across the DAO.