This proposal establishes a Superfluid DAO Treasury Committee and two dedicated multisig wallets lp.dao.superfluid.eth and spr.dao.superfluid.eth, to manage day-to-day operational transactions related to DAO treasury and Streaming Programmatic Rewards (SPR). The objective is to improve day-to-day operational efficiency while preserving the main DAO Treasury multisig’s role in executing DAO-approved decisions and overall resource allocation.
2. Type
Non-Constitutional
3. Motivation
The Superfluid DAO Treasury (dao.superfluid.eth) receives SUP token allocations as defined in Superfluid Tokenomics, as well as other tokens generated through protocol and community activities.
In addition to SUP allocations, the DAO Treasury receives other tokens, including from certain Community Campaigns, Sentinel operations run by the Foundation, and forthcoming SuperToken yield mechanisms intended for the DAO’s benefit.
These tokens accumulate in the DAO Treasury and are intended to be used for the DAO’s benefit.
As the operational effort on the DAO Treasury multisig (dao.superfluid.eth) has grown, the current set up is not suitable for frequent, time-sensitive transactions such as liquidity deployment or yield management. Requiring DAO-level multisig execution for these activities introduces delays and operational inefficiencies.
4. Rationale
This proposal introduces a dedicated operational structure to execute day-to-day treasury and SPR-related transactions while maintaining clear separation between DAO-approved decisions and operational execution. This structure enables timely action without expanding the scope or authority of the DAO Treasury multisig beyond its intended role.
5. Key Terms
Superfluid DAO Treasury
The primary DAO-controlled multisig responsible for holding SUP allocations and executing DAO-approved treasury decisions.
Community Campaigns
Community-facing marketing or engagement campaigns, some of which may generate tokens for the DAO, such as Mystery Box.
Sentinels
Nodes that monitor Superfluid streams and close streams when accounts become critical or insolvent. Sentinels may generate tokens through protocol operations. Running a Superfluid Sentinel is permissionless.
DAO SuperToken Yield
Tokens generated from SuperToken yield allocated for the benefit of the DAO Treasury, as specified in SIP #9.
Superfluid DAO Treasury Committee
A DAO committee established by this proposal, whose members are appointed by the Foundation, responsible for executing day-to-day treasury operations within the framework defined by DAO-approved SIPs.
Treasury Committee Multisig (lp.dao.superfluid.eth)
A dedicated multisig wallet to be used by the Treasury Committee to execute operational, time-sensitive transactions within DAO-approved scope.
SPR Operational Multisig (spr.dao.superfluid.eth)
A dedicated multisig wallet used to execute day-to-day SPR operational transactions within the framework defined by DAO-approved SIPs.
6. Specifications
a. Treasury Committee and Multisig
A new multisig wallet will be created: lp.dao.superfluid.eth
The wallet will be managed by the DAO Treasury Committee.
The Treasury Committee is authorised to execute day-to-day operations of the wallet within the scope defined in this proposal.
In the short term, the Treasury Committee will use tokens transferred to lp.dao.superfluid.eth for the following purposes:
i) SUP Liquidity Support: Establish and manage a WETH:SUP full-range liquidity position on Uniswap, taking market conditions into account.
ii) Idle Token Management: Deploy idle USDC or ETH into yield-generating strategies on Aave or other comparable platforms.
The DAO Treasury (dao.superfluid.eth) will periodically transfer tokens to the Treasury Committee multisig to enable these activities.
note: daolp.superfluid.eth has already been in place and accumulating tokens from Foundation operated sentinel and building the SUP/WETH LP position. It has not had any incoming transfers from the DAO Treasury. Going forward its role and connection to the DAO wallet will be formalised under lp.dao.superfluid.eth
b. SPR Operational Multisig
A dedicated multisig wallet will be established: spr.dao.superfluid.eth
Responsibilities:
– Execute day-to-day SPR operational transactions, such as starting and stopping campaigns.
– The DAO Treasury (dao.superfluid.eth) retains responsibility for approving SUP allocations to SPR campaigns, as approved by DAO-approved SIPs.
7. Steps to Implement
DAO approval of this proposal.
Creation of the lp.dao.superfluid.eth multisig.
Appointment of Treasury Committee members.
Creation of the spr.dao.superfluid.eth multisig.
Commencement of operational activities as defined above.
8. Overall Cost
No additional SUP emissions.
Operational costs are limited to standard transaction fees and are covered by existing DAO or Foundation resources.
Great proposal! It is nice to see the structures of the DAO taking place.
Happy to offer my help if you guys need community signers, as I have experience with treasury transactions (multisig ops, tenderly simulations, txs building, etc), as I’m part of several protocol multisigs and my role within kpk.
Hi @Plutus, as the Treasury Committee would be responsible for executing day-to-day (likely time sensitive) treasury operations within the framework defined by DAO-approved SIPs, the members would be Foundation core team members most familiar with those operations.
As I understand it, this proposal mainly aims to formalize and add transparency to a specific part of the work that is currently being carried out by the foundation - and maybe also add legitimacy to it by asking the dao to vote on it. Is that right, @dopamino ?
Might you clarify for me
(how) will the existence this new structure impact the daily operation of the dao, as seen by non-foundation members?
what (if any) powers will the committee have that the foundation does not already have?
(how) will the dao be allowed/encouraged to hold the committee accountable?
I’m asking these questions to better understand why this step needs to be approved by the dao.
What will this change in regard to the relationship between the foundation and the dao?
No overall day-to-day impact to the DAO processes or powers.
Why this is needed now
For the SPR component: This proposal shifts the day-to-day operational TXs from the DAO multisig to spr.dao.superfluid.eth operated by the SPR program manager and the core engineering team. The DAO mutisig still approves onchain transactions for the campaign budgets as approved by the DAO. But the subsequent operational transactions, for example to start the individual campaign streams at a specific date and time (which need to be synchronised with the claim app website being ready with each individual campaign’s parameters and the marketing team announcement readiness) will be done by the core team engineers. As the number of signing requests from the DAO multisig has increased, without this we could end up with delays in program launches as it’s difficult to guarantee all DAO multisig members will be available when every campaign needs to be launched (which is at different times as determined by each campaign). ETAs from budget approval to launch campaigns under this arrangement will likely be around 1 day instead of current 3.
For the Treasury Committee component: This step clarifies the relationship rather than changing it so that operational wallets and roles are explicitly authorised by the DAO rather than implicitly assumed. This is particularly necessary now as we move towards the final steps of execution of SIP 9 in the coming weeks
Accountability and Transparency
All of the relevant wallet addresses linking to their activity will be shared in the Forum here.
Treasury Com would also be expected to issue DAO updates on their actions.
As the Treasury Com would exist by DAO mandate, its authority can be modified or revoked by the DAO in accordance with the Constitution.
Of course the door is always open to improve and update this arrangement, as we are learning from the process.
Create a 14K$ worth of USDC/WETH ranged LP position (exact ranges will be adjusted over time):
All USDC currently owned by lp.dao.superfluid.eth
We will use “LiquidityStrategy” contract (used and battled tested by corplp.superfluid.eth) to reinvest the LP fees into itself and the existing SUP/WETH position.
The rest of the ETH and received SUP will be on hold, tentatively to join the SUP/WETH position at a lower price of SUP to support the liquidity.
Voting for SIP 
