💰 Treasury
The treasury is the financial backbone of the GMX Blueberry Club (GBC), fueling the ongoing growth and development of the entire ecosystem. It plays a vital role in ensuring the long-term sustainability of the project, providing resources to launch new initiatives and support the thriving community.
In 2021, the treasury was initially seeded through the sale of a portion of GBC NFTs, raising approximately $500,000 in ETH. GMX further supported the GBC by distributing 1,000 esGMX tokens monthly during the project’s first year.
Today, thanks to the growth of the crypto market and various revenue streams—such as community-driven projects, royalties, and yield from staked assets—the treasury holds around $2,000,000.
Treasury Page (Zapper)
The treasury serves several key functions:
Compensating core contributors driving the project forward
Covering essential maintenance costs
Supporting external projects aligned with the GBC community’s vision, particularly those initiated by fellow GBC members
Security and Governance
To ensure these assets are secure, the treasury is managed through a multisignature (multisig) wallet on the Arbitrum network. A multisig wallet requires approvals from multiple key holders before any funds can be accessed or moved, adding an extra layer of protection.
However, major financial decisions are not solely in the hands of the multisig key holders. These decisions are made through a decentralized governance process, where each GBC NFT represents one vote. This ensures that the entire community has a say in how the treasury is managed, keeping the priorities of its members at the forefront of financial decisions.
1 NFT = 1 Vote
This decentralized model empowers the GBC community, fostering a collective sense of ownership and responsibility. Each vote represents a commitment to the shared success of the GBC ecosystem, ensuring that all decisions reflect the community's long-term goals.
Through this governance structure, the GBC continues to secure its future while upholding its commitment to decentralization and community-driven innovation.
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