Treasury Operation

Prosper’s DAO treasury expects to continue to accrue BTC holdings from the underlying miners’ ongoing production. This forms an important pillar in the flywheel that we expect to jumpstart around the PROS ecosystem.

This treasury balance can be directed at a number of purposes (and more in the future as proposed by the community!) that would generate benefits for the DAO and PROS holders:

• Storing securely with 3rd party custodian

• Staking with other DeFi protocols

• TVL provisioning for soon-to-launch projects

The benefits of rotating the DAO treasury's BTC holdings across different use cases accrue back to either PROS token holders directly or to the DAO treasury (also positive for the overall community).

New PIPs will be proposed when there are relevant decisions to be made about the treasury.

It is important to note that Prosper’s core thesis is a strong conviction in Bitcoin’s long-term potential, and underpinning any potential treasury use cases is that same spirit for the benefit of the Prosper community. The priority first-and-foremost for the DAO treasury is security, followed immediately by opportunities to grow its native-BTC holding.

Prosper shares Michael Saylor’s conviction and won’t mid-curve out of our BTC holdings.