Treasury

Key Functions of the Treasury

1. Token Allocation: Distributes tokens to key areas of the protocol's operation.

2. Token Removal: Removes unclaimed tokens from the blockchain.

3. Liquidity Provision: Provides unlimited but collateralized liquidity.

Token Issuance and Redistribution

• Initiation: The Treasury initiates the issuance of 8LENDS tokens from the “Issue” smart contract and redistributes them to predefined destinations.

• Controlled Issuance: The Treasury cannot initiate token issuance without a request from the Lending Pool or SC Sale.

Handling Unclaimed Tokens

• Forwarding to Burning Protocol: The Treasury forwards unclaimed 8LENDS tokens to the Burning protocol. Tokens are considered unclaimed under the following circumstances:

  • Lending Pool:

    • The project has partially collected a stage.

    • The project has not collected a stage.

    • The project has refused to continue fundraising.

  • SC Sale:

    • The user requested tokens but did not pay for them.

By managing these processes, the Treasury protects the project from token theft from the SC Issue and ensures that only secured 8LENDS tokens are issued.