The treasury is the main means of funding products in the Ubiquity ecosystem. It can either:
- Fund the upgrade of existing products
- Fund the development of new products
Each product in the Ubiquity ecosystem contributes to replenishing the treasury. The exact mechanics are product-specific. In the case of uAD: a percent of all seigniorage is issued to the Treasury.
All funds available in the Treasury will not be sitting idle until used but will be deployed in various products in the Ubiquity ecosystem to promote its stability. For the period while Ubiquity Dollar is the only product available, funds in the treasury will be used to provide liquidity for the uAD token.
Usage of funds in the treasury is determined by:
- The team via a multisig wallet (during the rapid prototype period)
- The governance module (after the rapid prototype period)