Distributed Autonomous Treasury

This Treasury with a DAO (Decentralized Autonomous Organization) format, can be thought of as a Decentralized Autonomous Treasury.
This concept is formed in practice by a set of systems developed by the Sandman Finance team and implemented by Banksy DAO team to automate the collection and delivery of profits among the loyal members of our community in an autonomous way.

How does it work?

Technically it works as a set of Smart Contracts with the following functions:
  1. 1.
    The main function of the smart contract is to pay profits to the members of the community who have obtained ownership tokens (Banksy), and can deposit them in a special pool.
  2. 2.
    In order to pay these profits, those must be obtained from different sources: an amount of the farming TVL fees.
  3. 3.
    Remove LP’s and convert them into USD to be distributed to owners.

Treasury distribution

  • From non-Native TVL fee (4%):
    • 75% goes to the Project Growth Pool.
    • 25% goes to the Treasury Distribution Contract
      • Then, 75% of this goes to the Ownership Pool
      • 25% goes to the Autoliquidity Contract

Distribution Rewards

TVL
Distribution
Amount Per Staker daily
Amount Per Staker in a month
$400,000
$4,000
$20
$133.33
$2,000,000
$20,000
$100
$333.33
$5,000,000
$50,000
$250
$833.33
$10,000,000
$100,000
$500.00
$1,666.67

Security — OpenZeppeling Gnosis Safe

On top of this great set of contracts, our team has paired up with the OpenZeppeling team to provide the best security possible. Both external and internal.
For this treasury we are using OpenZeppeling tooling to assure that all securities measures are met.
All management of this treasury is done through Gnosis Safe multisig wallets.
This way, the community is safe too. The treasury doesn’t depend in one wallet/one person. But a team of signatures.
DAO all the way!