Treasury
Treasury Account
A treasury account is a shared wallet that holds assets owned by a DAO.
Each DAO can have any number of treasury accounts holding different assets. Anybody can deposit tokens into treasury accounts but only the DAO members can approve withdrawals through treasury transfer proposals.
Step 1 - Creating a Treasury Account
To create a treasury account, select the plus button in the right corner of the Treasury View.
Step 2 - Token Treasury
If you want your treasury account to hold tokens (e.g., USDC), you have to provide the token address (aka mint address) of the token you need.
Common Token Addresses:
- USDC:
EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v - USDT:
Es9vMFrzaCERmJfrF4H2FYD4KCoNkY11McCe8BenwNYB
You can folow the steps below to find out the mint address of a specific token:
- Go to https://solscan.io/ (opens in a new tab)
- Search for your token
- Click on the token
- On the URL we have the mint address:
https://solscan.io/token/<MINT_ADDRESS>
Realms will automatically say if the token address is correct or not.
Step 4 - NFT treasury
If you want your treasury account to hold NFTs, then choose the NFT Treasury option.
Settings - Treasury Governance Settings
- Min community tokens to create a proposal: The minimal amount of the DAO community governance tokens a member of the DAO has to own to be allowed to propose transfers from the treasury.
For Multisig DAOs without the community governance token, this value is irrelevant and it's defaulted to an arbitrary number of 1,000,000.
- Min instruction hold up time (days): The minimal number of days before you can transfer funds from the treasury after a vote on the transfer proposal is approved.
The delay for treasuries is usually set to 0 to allow transfers of the assets immediately after they are approved.
- Max voting time (days): The maximum number of days the DAO can vote on the treasury proposals. If consensus is not reached by the end of the voting time, the proposal is defeated.
- Yes vote threshold (%): The Yes vote threshold defines the number of Approve votes required to approve a transfer from a treasury account. For example, if there are 10 members in the DAO and the Yes threshold is set to 60%, then at least 6 members must approve any transfers from the treasury.
After providing all the details, press the Create button and the new treasury account will be created and accessible from the main page of your DAO.
Treasury Domain Name
The Treasury domain name is a feature in the Solana Governance UI that allows a treasury account to have a .sol address, such as mytreasury.sol, through Bonfida (opens in a new tab).
Anybody can send .sol domains to the treasury account. A Bonfida domain points to the current owner of said domain. For more information on solana domains, read Bonfida's documentation (opens in a new tab).
A domain name must be owned by the treasury, not the governance itself to function.
Do not transfer ownership of a domain to the governance's pubkey.
Step 1 - Purchasing a .sol Domain Name
To purchase a .sol domain name, you need to navigate to Bondifa's Solana Name Service (opens in a new tab) and follow the process detailed there.
Step 2 - Setting up a Treasury Address
Before proceeding, ensure that your governance (e.g., DAO) has a SOL [Treasury Accounts]. If you don't have one set up yet, you should do so before continuing.
Once you have a treasury account, copy the deposit address of the treasury. This will be the address to which you'll transfer the .sol domain name
Step 3 - Transferring the Domain to the DAO Treasury
After setting up a treasury address, the next step is to transfer your domain to the treasury's address (the one you just copied).
To do this, go to your domains (opens in a new tab) on Bonfida, and select the domain you'd like to transfer. Under the "Domain information", "Owner" section, click the "Transfer" button. Paste in your treasury address and hit transfer.
Once the transaction is processed, your domain has been transferred to the treasury and is now pointing to your treasury's address. You can test this by sending a small amount of SOL to this .sol domain name and see that it arrives directly into your treasury.
It is currently only possible to transfer out a domain name from the treasury to a different address using a proposal with a custom instruction.