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Version: testnet (v0.74)

Vega treasury

The network treasury holds assets that can be used by the community to fund initiatives. You can take part in decision-making around building and growing Vega.

Treasury assets can be used to fund trading rewards, team competitions, grants, or other opportunities.

Anyone with VEGA tokens can vote on or raise proposals to use treasury assets.

Treasury basics​

The network treasury is funded with VEGA tokens, to be used by community members to grow and support the Vega network.

Token details​

Contract address: 0xcB84d72e61e383767C4DFEb2d8ff7f4FB89abc6e

Vega asset ID: d1984e3d365faa05bcafbe41f50f90e3663ee7c0da22bb1e24b164e9532691b2

See more details on the block explorer ↗.

Treasury value​

You can see how much is in the network treasury at any point with the list accounts API.

  • Use the REST endpoint
  • Filter by:
    • Asset ID for the VEGA token, and
    • Account type: ACCOUNT_TYPE_NETWORK_TREASURY
  • Don't forget to account for the token's 18 decimal places

What the treasury can fund​

Rewards: Rewards can incentivise trading, liquidity provision, and proposing successful markets.

  • Recognise active traders by targeting those who pay maker fees, or have large or profitable positions
  • Incentivise liquidity provision by funding rewards for participants who receive liquidity and/or maker fees
  • Support market success by rewarding proposers who create markets that attract high trading volumes

Read in detail on the rewards page about the trading rewards you can choose from.

Team games: Rewards that are targeted to a team entity scope let teams compete against each other for a share of the winnings. You can propose a team game for any type of trading reward.

Read more about how these work in the teams and games section.

Grants and other initiatives: A transfer can send to any Vega key, even if it's an individual and not a reward account. You can use a freeform proposal to gauge the community's interest and hone the plan before setting up the proposal for transferring assets.

How to allocate the treasury​

The most direct way to propose spending the assets is by submitting a proposal to transfer assets.

The proposal includes details about the specific account(s) or key(s) that you want to send assets to, as well as when to send, and how often. The transfer can be set to happen once or repeatedly.

Include a description of what you're intending to do with the treasury funds in your proposal's rationale so that the community can understand why and engage with your proposal.

See the tutorial for a template and description of each field.

Another option is to submit a freeform proposal to suggest a non-binding idea to the community and gauge their sentiment. This would be a good option for grants or other initiatives. Raise a freeform proposal with your plan, with clear details about what you think the money should be spent on, and if there's an organisation or provider you'd like to suggest working with, details about who they are and why they, and the initiative, are a good choice. Based on feedback and voting for your freeform proposal, you can then decide to raise a proposal to transfer assets accordingly.