💎BlockMode Treasury

Treasury

BlockMode Network Treasury is a pool of funds derived from transaction fees, slashing, and staking inefficiencies. BlockMode Network Treasury conforms to a 1 day budgeting spend period which serves as a waiting period before any funds can be spent via Treasury proposals. Cere's Treasury is ultimately controlled by the Council, and how the funds are spent is up to the majority Council's judgment.

Treasury Funding

The sources for funding the Treasury consist of a list of events and actors participating in BlockMode Network:

• Slashing: When any slashing event occurs, the amount is sent to the Treasury with some reward going to the entity that reported the validator to be slashed. The reward is taken from the total slash amount and varies per occurrence and number of reporters

• Transaction Fees: A portion of each block's transaction fees goes to the Treasury, with the remainder going to the block author.