// treasury
Every fee in and every payment out is an on-chain event. Spending needs a 3-of-5 multisig proposal and a 72-hour timelock.
Total protocol fees
$48,210
Relayer costs
$6,400
Development
$14,000
Security
$9,500
Remaining treasury
$16,310
Spending breakdown
Relayer costs · 13%Development · 29%Security · 20%Grants · 4% Unspent · 34%
Transactions
Sample figures
| Date | Category | Memo | Amount |
|---|---|---|---|
| 2026-09-21 | Security | Audit deposit — pool contracts | $9,500 |
| 2026-09-14 | Development | Circuit engineering, sprint 3 | $7,000 |
| 2026-09-02 | Relayer costs | Gas reimbursement, August | $6,400 |
| 2026-08-30 | Development | Circuit engineering, sprint 2 | $7,000 |
| 2026-08-19 | Grants | Wallet integration grant | $2,000 |
Governance today
Governance is not decentralised. A 3-of-5 multisig proposes, a 72h timelock delays, and anyone can execute. There is no token voting.
Fee logic
0.25% of each withdrawal goes to the treasury. The rate is immutable per pool and hard-capped at 0.5% in the contract. Relayer fees go to relayers, not the treasury.