Treasury

The Treasury is the beating heart of any DAO, representing the store of wealth and source of funds for the ecosystem. Adhering to the core principles of Web3, the VeBetterDAO Treasury will be transparent, fiscally efficient, and auditable.

Treasury management follows the rules and protocols defined in VeBetterDAO Governance. The uncompromising principle of the Treasury Pool is that tokens will only be used for expanding and building the VeBetterDAO ecosystem, making the world better in the process.

Implementation

Treasury will hold all assets belonging to the DAO. Such assets include VET, VTHO, B3TR, V0T3 and any other ERC-20 or ERC-721 tokens that have been transferred to the Treasury contract address.

Tokens can only be transferred from the Treasury to another address via a governance proposal. The same goes for converting to B3TR/ VOT3 .

Token balances can be viewed by anyone by calling one of the balance functions.

In the case that the Treasury needs to stop all transactions, the smart contract can be paused.

This contract cannot transfer tokens out that are non-native or non ERC-721 or ERC-20.

Contract Functionality

Function	Access Control	Description
pause()	Contract Admin	Pause contract so no transfers can be carried out
upgradeToAndCall()	Upgrader Role	Upgrade implementation contract
transferVTHO()	Governance	Withdraw VTHO from treasury
transferB3TR()	Governance	Withdraw B3TR from treasury
transferVOT3()	Governance	Withdraw VOT3 from treasury
transferVET()	Governance	Withdraw VET from treasury
transferTokens()	Governance	Withdraw any erc-20 token from treasury, address needs to be passed in so that contract can be interacted with
transferNFT()	Governance	Withdraw any NFT from treasury address needs to be passed in so that contract can be interacted with
convertB3TR()	Governance	Converts B3TR for VOT3
convertVOT3()	Governance	Converts VOT3 to B3TR

Transfer Limits

Each token has a transfer limit in place to avoid moving huge sums of money in a single operation. Those limits can be updated by governance and are token-specific.

Current limits are:

• 200,000 VET

• 200,000 B3TR

• 3,000,000 VTHO

• 50,000 VOT3