Appendix M — Treasury and Market Policy Template

A production treasury policy should define:

• permitted assets and target bands;
• minimum stable operating runway;
• ETH/BTC concentration ceilings and rebalance bands;
• approved venues, bridges, custodians and counterparties;
• protocol-owned liquidity objectives and withdrawal authority;
• market-maker inventory loans, if ever used, with term, collateral, reporting and return conditions;
• signer/quorum rules and hardware-key requirements;
• daily/weekly/monthly transfer limits;
• emergency actions and post-incident review;
• monthly close and public transparency cadence;
• conflict-of-interest rules for insiders participating in Genesis or secondary markets;
• absolute prohibition on wash trading, fake volume and undisclosed price support.

References

Whitepaper references