Treasury Management
Last updated
Last updated
At Snake Finance, our goal is to leverage our deep experience as DeFi enthusiasts to bring maximum value to the Snake Finance community. If you’ve made it this far in the docs, you’re likely eager to learn how we manage and grow the protocol’s treasury to ensure long-term sustainability and growth.
$gSNAKE (Snake Shares) has a maximum total supply of 70,000 tokens, strategically distributed to balance growth, development, and community involvement:
59,700 $gSNAKE Shares distributed as farming rewards over 2 years.
10,000 $gSNAKE Shares allocated to developers, vested linearly over 2 years.
300 $gSNAKE Shares minted at contract creation for initial liquidity purposes.
This allocation ensures a healthy balance between incentivizing participants, supporting development efforts, and providing liquidity to the protocol.
The treasury is a vital component of Snake Finance, acting as a growth engine and safety net for the protocol. It is designed to be actively managed and invested in opportunities that align with the interests of the community.
Protocol Investments: The treasury will invest in leading DeFi protocols and farming opportunities, starting with Shadow, to generate yield and further grow the protocol’s value.
Community Governance: All treasury investments will be subject to community governance. $gSNAKE holders can propose and vote on investment strategies, ensuring transparency and alignment with the community's vision.
By actively managing the treasury, Snake Finance aims to:
Enhance Protocol Value: Increase the utility and value of $SNAKE and $gSNAKE over time.
Provide Long-Term Sustainability: Use yield-generating opportunities to fund development and ecosystem growth.
Support the Community: Ensure the protocol evolves in ways that benefit all participants.
