Reserve and Treasury

This page details the means available to the Velora DAO and the main expanses it covers.

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.

This function is a safeguard. It will likely not be used, considering the first budget has about 30% of the yearly allocated PSP unallocated.

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

2. Year 2 vesting contract

3. Year 3 vesting contract

4. Year 4 vesting contract

Operations

The vesting contracts can be claimed by the main multisig.

Another operational multisig, 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: 0x619BBf92Fd6bA59893327676B2685A3762a49a33

• Arbitrum: 0x7dA82E75BE36Ab9625B1dd40A5aE5181b43473f3

• Avalanche: 0xAFFdeC0FE0B5BBfd725642D87D14c465d25F8dE8

• BSC: 0x8c1a1D0b6286F35d47a676aB78482f1cf3D749dC

• Fantom: 0x5487683dc3216655D0C8AA31255e2e313b99B477

• Optimism: 0xf93A7F819F83DBfDbC307d4D4f0FE5a208C50318

• Polygon: 0xABF832105D7D19E5DEC28D014d5a12579dfa1097

• Polygon zkEVM: 0x9060C482AB7d1b99504FC7D5f597fF61818B4F77

• Base: 0x65136b3E4f012e4c13Aff0926091E2eadCFEdB42

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