# Reserve and Treasury

### PSP Ecosystem Reserve

The Velora DAO is granted a reserve of assets to fulfill its duties, referenced as the Ecosystem Reserve. It accounts for the largest share of the PSP supply.

#### PSP Ecosystem Reserve Overview

|     YEAR     | TOTAL PSP AVAILABLE |        PSP RELEASE FREQUENCY        |
| :----------: | :-----------------: | :---------------------------------: |
|    Year 1    |         270M        | 30M immeditately then 20M per month |
|    Year 2    |         200M        |           16.66M per month          |
|    Year 3    |         200M        |           16.66M per month          |
|    Year 4    |         200M        |           16.66M per month          |
| After Year 4 |      Up to 40M      |           3.33M per month           |

For the first four years of PSP existence, a set reserve of PSP has been set apart to cover the DAO's needs. After the first four years, a minting function becomes available allowing up to 2% of the total supply (40M PSP) to be minted per year.

{% hint style="info" %}
This function is a safeguard. It will likely not be used, considering the first budget has about 30% of the yearly allocated PSP unallocated.
{% endhint %}

#### Vesting Contracts

PSP tokens allocated to the Ecosystem Reserve are stored in vesting contracts. The reserve is split into 4 contracts unvesting on their given year:

1. [Year 1 vesting contract](https://etherscan.io/address/0x6a3CCa09b1C2B83834124c8646a68b9Bad2a07b9)
2. [Year 2 vesting contract](https://etherscan.io/address/0x348aa814a72970e76d5756a2cda16e7e8f245aab)
3. [Year 3 vesting contract](https://etherscan.io/address/0xb074094d2e858b25d129989644248f9f6946e081)
4. [Year 4 vesting contract](https://etherscan.io/address/0x51d2f2c65d043118eb4329fcbc738943f494609f)

#### Operations

The vesting contracts can be claimed by the [main multisig](https://etherscan.io/address/0x5a61d9214adefd7669428a03a4e8734a00e9f464).

Another [operational multisig](https://etherscan.io/address/0x6DF5e7b236a4F14e08C27E09202B4d1865905e9b), funded by the first one, is used to conduct recurring operations such as funding liquidity mining programs or DeFi-related PSP initiatives.

Main Multisig addresses:

* Ethereum: <https://etherscan.io/address/0x5a61d9214adefd7669428a03a4e8734a00e9f464>
* Arbitrum:\
  <https://arbiscan.io/address/0xfe98240ddAEDF78E278C28F1EdD690ee1a774e66>

Operational Multisig address: <https://etherscan.io/address/0x6DF5e7b236a4F14e08C27E09202B4d1865905e9b>

### Velora DAO Expenses

The DAO is responsible for the PSP token and funds several related initiatives.

Velora Improvement Proposals can mobilize PSP if needed and available. A global budget proposal will help further frame expanses.

### Current Fees & Collection

Since Monday, January 23rd, 2023, all Velora V5-generated fees are claimable by the following DAO wallets:

* Ethereum: [<mark style="color:blue;">0x619BBf92Fd6bA59893327676B2685A3762a49a33</mark>](https://etherscan.io/address/0x619BBf92Fd6bA59893327676B2685A3762a49a33)
* Arbitrum: [<mark style="color:blue;">0x7dA82E75BE36Ab9625B1dd40A5aE5181b43473f3</mark>](https://arbiscan.io/address/0x7dA82E75BE36Ab9625B1dd40A5aE5181b43473f3)
* Avalanche: [<mark style="color:blue;">0xAFFdeC0FE0B5BBfd725642D87D14c465d25F8dE8</mark>](https://snowtrace.io/address/0xAFFdeC0FE0B5BBfd725642D87D14c465d25F8dE8)
* BSC: [<mark style="color:blue;">0x8c1a1D0b6286F35d47a676aB78482f1cf3D749dC</mark>](https://bscscan.com/address/0x8c1a1D0b6286F35d47a676aB78482f1cf3D749dC)
* Fantom: [<mark style="color:blue;">0x5487683dc3216655D0C8AA31255e2e313b99B477</mark>](https://ftmscan.com/address/0x5487683dc3216655D0C8AA31255e2e313b99B477)
* Optimism: [<mark style="color:blue;">0xf93A7F819F83DBfDbC307d4D4f0FE5a208C50318</mark>](https://optimistic.etherscan.io/address/0xf93A7F819F83DBfDbC307d4D4f0FE5a208C50318)
* Polygon: [<mark style="color:blue;">0xABF832105D7D19E5DEC28D014d5a12579dfa1097</mark>](https://polygonscan.com/address/0xABF832105D7D19E5DEC28D014d5a12579dfa1097)
* Polygon zkEVM: [<mark style="color:blue;">0x9060C482AB7d1b99504FC7D5f597fF61818B4F77</mark>](https://zkevm.polygonscan.com/address/0x9060c482ab7d1b99504fc7d5f597ff61818b4f77)
* Base: [<mark style="color:blue;">0x65136b3E4f012e4c13Aff0926091E2eadCFEdB42</mark>](https://basescan.org/address/0x65136b3E4f012e4c13Aff0926091E2eadCFEdB42)

To verify the fee wallet, anyone can call getFeeWallet() on Augustus.


---

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