# Council Transparency

The Ledgity DAO is built around a simple principle:\
**every token, every stream, every decision must be fully visible on-chain.**

This page aggregates all information related to the DAO-controlled $LDY

If you have any questions or need clarification, feel free to contact **@metacasper** on Telegram.

Everything related to the DAO is verifiable on-chain.

#### **Council Treasury Address**

```
0x30fa557608017afb6e8e4abe8027787c00473ff0
```

#### **Sablier Vesting Streams (DAO-controlled)**

📎 <https://app.sablier.com/vesting/?t=search&c=1&r=0x30fa557608017afb6e8e4abe8027787c00473ff0>

This represents **over 20% of the total LDY supply already transparently on-chain**.

#### **Snapshot Governance**

All Council votes and proposals are available here:

📎 <https://snapshot.box/#/s:ledgitydao.eth>

Snapshot allows gasless, trustless community voting.

### **Council-Controlled LDY Streams**

#### **Vested Tokens Available**

As of today, approximately:

➡️ **\~4,000,000 LDY are already claimable**\
These tokens belong to the DAO and will be the subject of the first governance proposal.\
**2. Buyback Fees & Protocol Revenue Reserve**

A portion of protocol revenues (performance fees, buffer gains, yield spreads, etc.) is used to **automatically buy back $LDY** on the market.

All purchased tokens are accumulated in a **Buyback Reserve Address** controlled by the DAO.

### **Buyback Reserve**

* Protocol generates revenue
* Revenue is routed to the BuybackManager
* $LDY is purchased on-chain
* Purchased tokens accumulate in the Reserve

#### **What Happens Next?**

The DAO will decide — via proposal — how to use the accumulated LDY:

* Burn them (deflationary)
* Redirect to veLDY stakers
* Provide liquidity
* Treasury funding
* Grants & ecosystem incentives

Nothing will be moved without a validated Snapshot vote.

### **Governance Proposal  — What Comes Next**

#### **1️⃣ Claiming all vested LDY (\~4M)**

The DAO will claim the tokens on-chain and move them to the treasury.

#### **2️⃣ Deciding what to do with the claimed tokens**

The options submitted to community vote may include:

* **Burning a portion of the tokens**
* **Depositing into the DAO Treasury** for future ecosystem spending
* **Distributing rewards to veLDY stakers**
* **Bootstrapping liquidity**
* **Funding DAO operations or grants**

Nothing will be executed without a validated Snapshot vote.

### **Governance Process (Step-by-Step)**

To ensure full transparency, every proposal follows the same lifecycle:

#### **Step 1 — Draft**

A community member or contributor creates a proposal draft.

#### **Step 2 — Discussion**

The topic is discussed openly on Telegram, Discord or the forum.

#### **Step 3 — Snapshot Vote**

The final proposal is submitted to Snapshot:\
<https://snapshot.box/#/s:ledgitydao.eth>

#### **Step 4 — Execution**

If approved:

* The DAO executes the on-chain actions (claim, transfer, burn, etc.)
* All tx hashes are published on this page

#### **Step 5 — Post-Execution Report**

A summary including:

* Actions executed
* Updated balances
* Proofs / tx hashes
* Next steps

This ensures a permanent transparency archive.

#### *PROOF OF PROPOSAL*

#### **🟦 Proposal Title**

#### **🕒 Execution Date**

#### **📌 Actions Executed**

#### **📤 Transactions (Tx Hashes)**

#### **📊 Updated Balances**

#### **🔍 Proof Links**

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