How to Structure a Protocol's Treasury

The first priority for many large protocol treasuries is to diversify a portion of assets into stablecoins. The stablecoin allocation should at least cover a few years of operating expenses for the treasury.

Theoretically, governance should be structured in a way that both focuses on the primary users who are the most engaged in the community as well as the largest token holders. A simple mechanism for this may be that governance can be split past just token allocations and instead issued like multi-class stocks, whereby ownership and voting rights are... See more

Contributor payments: make a bulk of contributor payments in stables while long-term contributors are partly paid in vested protocol tokens