A part of the profits generated by SI Network protocols goes to SI Treasury. The treasury is used for the following purposes:
Deposits in SI Pools
SI Token buyback and burn events
Technical and legal development (e.g. CO2 certificate implementation)
Improvements to the SI Network's ecosystem
The treasury is locked by a 48h timelock and controlled by a multi-sig-wallet.
The main objective of SI Treasury is to connect the growth of SI Network's ecosystem with the SI Token ($SIT) market price. Moreover, SI Treasury provides social impact by buying SI Pool Tokens (e.g. Sunny Token).
The primary functions of SI Treasury are:
Burning SI Tokens
Buying SI Pool Tokens
The treasury holds SI Tokens, SI Pool Token, and farmed tokens from partner protocols.
The treasury is a 2/3 Multi-Sig-Wallet and is locked by a 3-day timelock. The following SI Team members hold the keys:
The treasury is held by x/n Multi-Sig-Wallet (n>3). At least 2 keys are held by Impact Partners like aid organizations (e.g. UNDP or GiZ). The SI Team will hold 1 key. Timelock is reduced to 1 day.
The treasury is held by SI DAO.