> For the complete documentation index, see [llms.txt](https://docs.superverse.co/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.superverse.co/governance/dao-proposals-passed/svip-3.md).

# SVIP-3

{% hint style="info" %} <mark style="color:yellow;">Please note:</mark> Proposals SVIP-1, SVIP-2 and SVIP-3 <mark style="color:green;">**have been voted on and passed**</mark> by $SUPER token holders. Voting closed December 5th, 12pm PST which can be seen on [snapshot.org.](https://snapshot.org/#/superversedao.eth)
{% endhint %}

## <mark style="color:yellow;">Treasury Fund Allocation</mark>

**Category:** Fund Allocation

**Author:** Thare

<mark style="color:red;">**Summary:**</mark>

Once staking is made available on the SuperVerse website, the SuperVerse DAO Treasury will be used for the distribution of rewards to SuperVerse DAO members who are actively staking in the designated DAO pools.

<mark style="color:red;">**Distribution of SuperVerse DAO Treasury Funds:**</mark>

The revenue split will be programmed and self-executing via a smart contract with the below allocation:

* <mark style="color:green;">**80% Community Rewards**</mark>
  * These funds will be redistributed as rewards to SuperVerse DAO members who are actively staking in the designated DAO pools
* <mark style="color:green;">**20% Ongoing Development and Maintenance**</mark>
  * A small portion of fees will be allocated to Super Studios for its continued contribution to the development and product maintenance of the SuperVerse ecosystem.

Additional details regarding the distribution and release of funds will be provided at a later date.

<mark style="color:red;">**Community Incentive:**</mark>

The goal of this proposal is to inform the community in the interests of transparency how the SuperVerse DAO Treasury funds will be distributed if the proposal is implemented. The SuperVerse DAO members and the SuperVerse ecosystem benefit directly from Super Studios products and the Super Studios team is receiving funding to continue to develop and maintain products to build out the ecosystem.

<mark style="color:red;">**Rationale:**</mark>

The proposed structure provides a sustainable business model for all parties involved.

<mark style="color:yellow;">**Specifications:**</mark>

Assuming SVIP-1 and SVIP-2 are approved:

* The SuperVerse DAO will create a smart contract to execute the revenue split
* The SuperVerse DAO will conduct a smart contract audit

<mark style="color:yellow;">**Steps to Implement:**</mark>

* Staking goes live on the SuperVerse website
* Distribution mechanism finalized
* Smart contract created and finalized

<mark style="color:yellow;">**Timeline:**</mark>

All steps have been prepared and ready to be implemented

<mark style="color:yellow;">**Overall Cost:**</mark>

No cost to implement