The Sprinter community elects the Commission, which sources and nominates experts to handle tasks outside of their direct expertise, who are then confirmed by the community.
The DAO Treasury will be governed by the Commission and any distribution of DAO Funds will be approved by the Sprinter community via Snapshot, and recorded on-chain.
General bookkeeping will be overseen by a Treasurer appointed by the Commission and confirmed by the Sprinter community.
The Commission may at times source experts to handle Treasury tasks outside their expertise. One likely example of this will be the choice to engage one or more independent crypto fund managers to diversify the DAO Treasury into a basket of digital assets, including, but not limited to, RUN, BTC, ETH, and USDC. The Commission’s sub-manager will need to be confirmed by an on-chain vote by the DAO Membership.
The DAO Treasury plays a key role in both determining the allocation of DAO funds as well as in executing purchases of the RUN token.
Activity on the Sprinter platform will often require for the DAO Treasury to purchase RUN to meet the demand of its users. For example, if a client chooses to pay in fiat but a member wishes to be paid in RUN, the Treasury will accept the clients fiat, pay out the member in RUN and then execute a purchase to replenish its holdings.
Alternatively, the DAO treasury will be responsible for maintaining the reward pool which provides RUN to those staking on the platform as well as other rewards and incentives. The DAO treasury will execute RUN purchases to ensure that this reward pool stays at close to 10% of the total supply of RUN.