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Foundation Treasury

Overview

At TGE, the Brainstems Foundation Treasury will be transferred 25% of the total STEMS supply. Of this supply, 10% of it will immediately become available for operational expenditures, with the remaining vested over a 4-year period.

Note: The Brainstems Foundation is a separate entity from Brainstems Labs. The Brainstems Foundation will oversee ecosystem stewardship and growth, while Brainstems Labs will focus on protocol development, roadmap execution and general infrastructure maintenance.

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Funding Needs

As Brainstems decentralizes, it may identify various uses of the treasury for investment, expansion and growth. Decision making over these opportunities will under the discretion of either the Brainstems Foundation Council or STEMS Governance. The Brainstems Foundation is still in the process of reviewing our governance structure so all information on this page is subject to change (Last Update: 2/22/24).

That being said, we have identified a few early use cases for the Foundation Treasury that we will aim to operationalize in the short-term:

Current Operating Expenses:

  1. Team Salaries and Compensation: Salaries and compensation for core team members and other essential roles within the Foundation.

  2. Administrative Costs: Budget for essential administrative expenses, including legal, accounting, and compliance fees, to ensure the Foundations operations are compliant with regulatory requirements.

  3. Marketing and Outreach: Funds for marketing and outreach campaigns to increase awareness of the Brainstems Ecosystem and attract more participants and contributors.

  4. Partnership Initiatives: Budget for strategic partnerships and collaborations that can enhance Brainstems capabilities and reach.

Long-Term Growth Efforts:

  1. Research and Development: Dedicate a significant portion of the treasury to research and development efforts, including the improvement and acceleration of zkML, data privacy and decentralized AI training.

  2. Treasury Management: Diversifying the treasury by investing in other protocols -- both inside and out of deAI & DeFIM.

  3. Strategic Growth Fund: At this time our Strategic Growth Fund will be purely funded through transaction taxes, protocol revenue, and 5% of TGE; however, the Foundation could agree to allocate a portion of the larger treasury to the reserve. The fund's aim is to act as both an ecosystem accelerant and a financial buffer for unforeseen expenses or market volatility, ensuring the ecosystem's stability.

  4. Acquisitions: Opportunities for strategic acquisitions of complementary projects or technologies that accelerate ecosystem growth.

It's essential to strike a balance between current operational needs and long-term growth aspirations when allocating funds from the Foundation Treasury, ensuring that the Foundation remains sustainable and well-positioned for future success. Thus, we will work to ensure transparency and community involvement in all decisions regarding treasury allocations.