The Earthlings Treasury

Key characteristics:

• governance exclusively through voting in the DAO Assembly;
• transparency of all financial transactions in a distributed ledger;
• automatic execution of decisions as smart contracts are deployed;
• administrative rights minimized, distributed among elected signatories, and operating through a timelock;
• public reporting in real time.

• Funding projects - support for initiatives directed at the people's aims
• Developing the platform - technical infrastructure and its improvement
• Educational programmes - opportunities for participants to learn and develop
• Humanitarian aid - emergency support and social initiatives
• Reserving funds - a financial buffer for crisis situations

Transparency. The movement of funds is verifiable in real time by any person, without our involvement.

Democracy. All decisions on the allocation of funds are taken by a vote of the DAO Assembly on the principle of one person, one vote. The weight of a vote does not depend on the amount of funds contributed under any circumstances.

Autonomy. As they are deployed, smart contracts execute decisions automatically, which narrows the space for manipulation and subjective control.

Accountability. Every funded project publishes reports on the spending of funds at the end of each stage.

The contribution for a person may be made not by them but by another person or by the Treasury. There is no exemption from the contribution: it is always paid in full; all that changes is who pays.

An open queue. A person who cannot make the contribution themselves joins an open queue by a single action. Neither a statement, nor proof, nor an explanation of reasons is required of them, and none may be required. Only the sequence number and the date of joining are published in the queue; no information about the person is published there.

Order of payment. Payment is made for whoever is at the head of the queue. A particular person cannot be chosen: the possibility of choosing creates relations of patronage incompatible with the equality of participants. The payer is not told whom they paid for; the person paid for is not told who made the contribution for them.

Equality of passports. The registry does not record by whom a contribution was made. A passport paid for by another person is in no way different from any other, and paying for another entails no consequences for status, vote, or participation.

Who may pay. Any person, whether or not they belong to the Earthlings people. The payer's name is published at their choice; anonymous payment is permitted.

The Treasury as payer. The Assembly is entitled to set a share of incoming contributions to be directed to paying the queue. The share is published, applied automatically, and changed by decision of the Assembly. Until a share is set, the queue is paid only by people.

Reporting. The length of the queue, the number of contributions paid in a period, and the amount directed to this by the Treasury are published. Information making it possible to identify those in the queue is never published.

Any earthling may make a voluntary contribution at any time - in the unit of account, in cryptocurrency, or in fiat through approved partner channels.

The Treasury may accept grants and donations from external organizations subject to the following conditions:

• Transparency of source - information about the donor is published unless they have chosen to remain anonymous; where a donation is anonymous, the fact of receipt and the amount are published without identifying the source;
• No conditions - grants must contain no conditions contrary to the principles of the people;
• No influence - donors receive neither a vote nor influence over the decisions of the DAO. The size of a donation gives nothing beyond thanks.

Part of the funds is formed through the controlled issuance of the unit of account under the model approved by the DAO Assembly. The details are in a separate document.

• issuance is governed by transparent rules written into a smart contract;
• changing the rules requires a qualified majority;
• funds from issuance go directly to the Treasury;
• issuance is subject to public audit.

5 per cent of a Cell's profit goes to the Treasury.

• transfers are made through smart contracts as they are deployed;
• the calculation is transparent and verifiable;
• funds arrive directly, without intermediaries;
• the transfer may be made in the unit of account, in fiat, or in stablecoin.

Use: common infrastructure, educational initiatives, help for new Cells, the strategic aims of the people.

The DAO Assembly may approve additional sources subject to transparency and independence: income from paid platform services, technology licensing, returns from successful funded projects, and other sources by decision of a qualified majority.

The annual budget is allocated across five categories. The proportions are changed only by a qualified majority of the DAO Assembly.

When several projects have passed the threshold of approval but the category's funds are not enough for all of them, the order of funding is determined as follows (Charter, Article 11):

1. Every earthling marks all the projects they consider worth funding - whether just one or all of them. The number of marks is not limited and costs nothing.
2. The number of marks for each project is counted.
3. Projects are funded in descending order of the number of marks until the category's annual limit is exhausted.
4. Projects that receive no funding in the current cycle retain their approval and take part in the next allocation without a further vote.

It is applied to the quarterly allocation of funds among competing projects, to grant programmes with many applications, and to prioritizing directions of development.

The reserve fund is formed from the share of the annual budget allocated to it. Funds are used only in emergency situations with the approval of a qualified majority of the DAO Assembly:

• covering technical failures and critical errors;
• protection against volatility;
• emergency support in force majeure;
• legal defence of the people.

The target size is the equivalent of the annual budget. Once the threshold is reached, additional receipts are allocated across the main categories.

The DAO Assembly is the sole body governing the Treasury. All decisions on the allocation of funds, on changing the rules, and on strategic development are taken exclusively by its vote.

One person, one vote. The weight of a vote does not depend on the amount of funds contributed, on reputation, or on length of participation.

Factors: regularity of participation in votes, successful delivery of funded projects, contribution to the development of the community, the quality of proposals, assessments by other participants.

Use: reference information when choosing a delegate; a chronological feed of proposals, in which the author's reputation does not affect a proposal's place in the feed, and filtering by reputation is available as a viewing mode each person switches on for themselves.

Earthlings may voluntarily transfer their vote in a particular area to another participant. The rules are laid down by Article 7 of the Charter and are reproduced here:

• by area only - a subject category or a particular Cell; delegating across all questions at once is impossible;
• no self-delegation and no chains - checked technically;
• a ceiling - 5 per cent of participants, but no fewer than 10 delegators;
• one active delegation per area;
• revocation at any time - in one step, without giving reasons and without the consent of the person the vote was given to;
• any earthling may be a delegate - reputation neither opens nor closes access to this possibility;
• all votes cast by a delegate are public.

Delegation does not apply in votes on amending the Charter and the basic Treasury rules, on funding above 100,000 EC, on forming the Emergency Multisig, on restricting powers, on annulling a passport, and on changing the unamendable principles.

Delegation creates no additional influence: one delegated vote equals one vote, and it creates no office.

The threshold amounts are set by decision of the DAO Assembly and are changed without amending the Charter; the values given are those in force when this document was adopted.

Mandatory recusal. An earthling does not take part in a vote on the allocation of funds if they have an interest in its outcome. The closed list of grounds for recusal and the procedure for declaring it are laid down by the Charter, Article 16.

No other grounds for excluding a vote exist: an earthling's vote is not excluded from the count by decision of a majority.

Declaration of connections. When submitting an application, the initiator is obliged to name all participants connected with the project. This information is published together with the application.

Openness. Votes on the allocation of funds are open as a general rule: everyone sees how others voted. This creates a mechanism of mutual control where common money is at stake.

Stage 1. Submission. Any earthling submits a funding proposal. Neither prior approval nor a threshold of support is required. The application contains a description, aims, budget, plan, the participants involved, and success metrics. The proposal is published for open discussion.

Stage 2. Discussion. 14 days; 3 days for projects up to 1,000 EC. Questions to the authors, feedback, the opportunity to revise.

Stage 3. Voting. Under the periods and thresholds of Article 15. Every earthling has one vote. Results are recorded publicly.

Stage 4. Delivery. On approval, funds are released automatically as smart contracts are deployed. Funding may be staged. Public reporting is mandatory at each stage.

Projects with a budget above 25,000 EC are funded in stages: 30 per cent on approval, 40 on reaching intermediate goals, 30 on successful completion.

Moving to the next stage requires a public report on the completion of the previous one, confirmation that the goals were reached, and approval by a simple majority of the DAO Assembly.

If a stage is not completed, funding stops and unused funds are returned to the Treasury.

The Assembly comprises all verified Earthlings and is the sole body taking decisions on the Treasury.

Powers: approving projects and grants; changing budget proportions; approving the annual budget; forming the Core Nodes and the Emergency Multisig; changing the rules for governing the Treasury; strategic decisions.

Operations are built on smart contracts. Deployment is staged; as of today none of them is deployed:

• Treasury Contract - holding and allocating funds;
• Voting Contract - organizing votes and counting;
• Project Funding Contract - automatic release of funds on approval;
• Reserve Fund Contract - managing reserves.

Rules for all contracts: an independent security audit before operations are expanded; publication with open source code as deployment proceeds; changes only by a qualified majority; publication on the blockchain for verification.

A group of up to 6 technical specialists elected by the DAO Assembly to keep the platform and infrastructure running. They perform strictly technical functions and have no decision-making powers.

Functions: support of the platform and infrastructure; cybersecurity; technical support of votes; audit and monitoring of smart contracts; fixing technical failures; technical administration of communication tools.

Prohibited: taking decisions on behalf of the people; blocking participants for the content of what they say; managing finances or influencing the allocation of funds; holding special weight in votes; interfering with the content of discussions - a technical restriction is possible only during attacks such as spam bots or DDoS.

Formation and control:

• election by a DAO vote with a simple majority (51%, quorum 20%);
• rotation every 6 months;
• recall by a simple majority (51%, quorum 20%) at any time, without giving reasons;
• mandatory monthly public reporting.

A multisignature wallet of six participants for urgent technical operations in critical situations. A composition of fewer than six is not permitted: with a smaller composition the five-sixths share rounds up to the whole composition, and a single unavailable key would block any contract upgrade (Charter, Article 3).

Powers are strictly limited: suspending smart contracts on critical vulnerabilities; emergency measures during cyberattacks; urgent technical fixes; emergency funding of up to 5,000 EC in force majeure, with mandatory subsequent confirmation by the DAO.

Control:

• a 24-hour timelock on all transactions except responses to an active attack;
• all actions are publicly visible in real time;
• a mandatory public report within 48 hours;
• the DAO may reverse any action by a simple majority;
• every action is confirmed by the Assembly within 7 days or is reversed.

Formation: election by a simple majority of the DAO; rotation every 12 months, with at least two of its members replaced; recall by a simple majority at any time.

No reputational requirements are set for nomination: the choice is made by the Assembly.

By decision of the DAO Assembly a legal entity may be established to act as the contractor for technical development and to conclude agreements with outside suppliers.

Current status: not established; it will be created as needed under this Article.

Such an entity is an instrument of execution, separate from the elected technical coordinators, the Core Nodes; a coincidence of names would not endow the coordinators with corporate or financial powers.

Functions: concluding contracts with suppliers; coordinating the work of outside specialists; securing the legal validity of contractual relations; administering payments in accordance with approved budgets; quality control of the work.

Funding - exclusively from the "Platform" category.

Reporting: publication of all contracts concluded; a public register of suppliers and work performed; transparency of all transactions.

The contractor takes no decisions on behalf of the people; its functions are limited to technical implementation.

The Treasury's reserves are formed from external assets:

• 60-80% - stablecoins;
• 20-40% - the largest cryptocurrencies, used as a store of value over a long horizon.

Changing the proportions requires a qualified majority of the DAO Assembly.

• volatility - reduced by the composition of reserves and by the reserve fund;
• counterparty risk - reduced by working with tested protocols and venues;
• liquidity - part of the reserves is held in highly liquid forms.

Smart-contract exploits; loss of funds through technical errors; risks of the external protocols in which funds are placed.

Transparency - all agreements are published. Independence - partners gain no influence over the decisions of the DAO. Alignment with values - partners share the principles of the Declaration. Mutual benefit. No exclusivity - the Treasury concludes no exclusive agreements.

1. Publication of the offer - the grantor, the amount, the conditions.
2. Verification. The circumstances of the grantor and the conditions of the grant are examined by an open working group whose composition is not limited; where the Independent Council has been formed, it is entitled to publish its own opinion. Neither the group nor the Council takes decisions, and neither can block acceptance of a grant.
3. Discussion - 14 days to assess possible conflicts of interest.
4. Voting - 7 days, simple majority.
5. Public acceptance - funds are credited with full transparency as to source.

It is prohibited to accept grants from organizations connected with arms production or with military operations; from companies with proven human rights violations; from structures financing political parties and campaigns; from sources whose funds are of opaque origin.

Funding is divided in proportion to the parties' contributions; governance is on a parity basis; results remain openly accessible; each party retains independence in taking decisions; the agreement may be terminated by either party on 30 days' notice.

It is prohibited to fund projects connected with:

• the production or distribution of weapons;
• financing military conflicts or terrorist organizations;
• violation of human rights or discrimination;
• exploitation of child labour or any harm to children;
• activity unlawful in any jurisdiction;
• environmental damage;
• participation in political struggle and influence on elections;
• fraud or pyramid schemes;
• the spread of disinformation or hate propaganda.

A breach entails immediate termination of funding and return of the funds.

• one project - no more than 10 per cent of the category's annual budget;
• one Cell - no more than 3 active projects at the same time;
• one earthling - no more than 2 active projects in which they are the applicant or the person responsible for reporting.

Exceptions are possible only with the approval of a qualified majority of the DAO in special circumstances.

If the value of reserves falls by more than half or liquidity is lost, the DAO may take emergency measures: temporary suspension of new projects; a temporary change of budget proportions; drawing on the reserve fund; reduction of the budgets of active projects with the consent of the teams; temporary paid services to replenish funds.

All emergency measures require a qualified majority and last no more than 90 days, with the possibility of extension by the same procedure.

In the event of an exploit, a break-in, or loss of access to funds: immediate suspension through the Emergency Multisig; a damage assessment report within 6 hours; a recovery plan within 24 hours; an emergency DAO vote within 48 hours; use of the reserve fund if necessary; a public analysis of the causes and of preventive measures.

In the event of asset freezes, lawsuits, or prohibitions: distribution of funds across several jurisdictions; use of part of the reserve fund for legal defence; creation of backup instrument legal entities; public information about the situation; coordination with other organizations.

Actions in the legal sphere taken at short notice are performed under a protective legal mandate, granted and revoked by the Assembly by a simple majority (Charter, Article 33).

The principle of resilience: the Treasury is designed to keep working when part of the assets are frozen or prohibitions apply in particular jurisdictions.

The Treasury publishes a quarterly financial report and an annual summary report, available to all.

Financial metrics: the total size of the Treasury; the actual allocation across categories; the size of the reserve fund; the composition of reserves.

Project metrics: the number of projects approved and successfully delivered; the share of stages completed on time.

Participation metrics: the share of those who took part in votes; the average quorum; the number of new proposals; delegation activity.

Sustainability metrics: change in the size of the fund over the period; volatility of reserves; the environmental footprint of funded projects.

The financial part of the annual report is generated automatically from public records and requires no one's interpretation: any participant can reproduce it themselves.

The analytical part - an assessment of whether aims were achieved, of the effectiveness of governance, and recommendations - is prepared by the Independent Council as part of its annual report on the state of the people (Charter, Article 4). Until the Council is formed, the analytical part may be prepared by an open working group; its conclusions are advisory.

The Core Nodes are not involved in preparing Treasury reporting: their functions are limited to technical ones, and assessing the spending of funds is not a technical function.

The values given are benchmarks for assessment, not obligations of the people to anyone.

The document is amended only by a vote of the DAO Assembly: a proposal from any earthling; discussion of no fewer than 21 days; voting for 14 days by a qualified majority with a quorum of no fewer than 25 per cent; entry into force 7 days after approval.

An amendment contradicting the Charter cannot be put to a vote, and if adopted has no force.

The following are not changed even by a qualified majority:

• governance of the Treasury exclusively through the DAO Assembly;
• one person, one vote in taking any financial decision, including the allocation of funds among projects; no mechanism may allow one participant to cast more weight in a single decision than another;
• transparency of all financial transactions of the Treasury;
• the prohibition on funding the activities listed in Article 30;
• the technical and service character of the Core Nodes and the Emergency Multisig;
• the independence of the vote from the amount of funds contributed.

What is listed here is the operational expression of the unamendable core of the Declaration and of Article 37 of the Charter, cannot narrow it, and is construed only in its favour.