Treasury Management

DAO treasuries hold billions collectively — protocol fees, token reserves, and strategic assets. Managing public money without traditional CFOs requires transparency, diversification, and clear spending mandates from governance.

Many treasuries are overweight their native governance token — concentration risk if token price falls. Mature DAOs diversify into stables, ETH, and voted DeFi strategies to extend runway.

Spending mechanisms include grants programs with milestone payments via streaming tools like Sablier, service provider agreements with legal entities, and vote-directed liquidity incentives to specific pools.