All contributions will be deposited into a single wallet HERE
The wallet is secured with the highest levels of security (as are all foundation wallets), and requires multi-party signatures before funds can be moved. Internal governance controls are also in place for authorizing usage.
Contributions will be used periodically, for actions which produce an overall benefit to the Cirus Ecosystem. These would be things like Grants to projects looking to build in the Cirus Ecosystem, Token Burns, Liquidity Provisioning etc.
There is regular (quarterly) reporting on the current status and uses of contributed tokens as follows:
- TVL (previous and current)
- Net Outflows
- Distribution (usage) Categories and percentages