On-chain Treasury
Smart contract controlled assets with legal framework
The treasury is where a Quantum Organization's assets live. Unlike most projects where funds sit in a team multisig, qOrg treasuries are controlled entirely by smart contracts. The only way to move money is through governance.
As a token holder, this means that the project's treasury is secured onchain and can only be modfied through a Decision Market. You will also be able to directly monitor the onchain treasury at all times, all while deciding the direction of the treasury through future Markets.
Periodic disbursement
Projects on Umia do not have unilateral access to the treasury. Instead, a programmed periodic disbursement is configured at qORG launch to cover ongoing development costs.
No individual can directly touch treasury funds. No multisig can override governance. No "emergency" withdrawals.
Apart from the periodic set disbursement, all funds trasnfer can only move when a Decision Market approves it. This kills the most common failure mode in crypto: teams running off with money or making "temporary" withdrawals that never get returned.
When governance approves something, it executes in the same transaction. No implementation delays. No "we'll get to it." Just automatic execution.
qORGs and the BORG framework
We built qOrgs on the BORG (Cybernetic Organization) structure developed with MetaLEX.
Thanks to the setup of qORGs, each organization is a proper legal entity with its contracts accessible onchain. For outcomes driven by decision markets, the organisation is obligated to follow the outcomes, making every decision fully enforceable.
The operating agreement
Every qOrg has an operating agreement that spells out:
- What rights token holders have
- How governance connects to smart contract execution
- What happens in edge cases and disputes
This agreement has legal weight well beyond the tenuous promises of whitepapers.
What the treasury can hold
Any asset that can be held on an EVM network is accessible by the qORG treasuries. This includes:
- ETH
- Stablecoins
- ERC-20 tokens
- Tokenised Assets
- NFTs
All visible on-chain, all auditable by anyone.
Treasury Actions Enabled by Governance
Change in Spending : Any change to the monthly set disbursement requires approval from the decision markets. This includes increases, reallocations, one-off expenses, or investments.
Distribution: Dividends, buybacks, grants, minting.
Token supply: The Quantum token supply is defined by decision markets, enabling the issuance of tokens to specific stakeholders or investors if markets approve.
Management: Yield strategies, liquidity provision, rebalancing, etc..
Dissolution: Governance may put forward a dissolution decision market, under which the treasury would be distributed pro rata among all token holders.
How it gets funded
The main funding mechanism of treasuries will be through CCA auctions. The money goes straight to contracts, never to team wallets. After launch, the treasury can grow through protocol fees, investments, or additional token sales (if governance approves).