# Establishment of Treasury Management Program and Treasury Management Committee
AI summary
This proposal aims to create a Treasury Management Program (TMP) and a Treasury Management Committee (TMC) for Compound. It will consolidate various existing treasury assets, totaling approximately $57.9 million, into new, more secure on-chain infrastructure. This includes moving funds from older reserves and existing vaults into new Treasury Escrow and Treasury Timelock contracts.
If passed, Compound's treasury assets will be managed under a new, more centralized and secure system with enhanced oversight by the TMC. This could lead to more efficient and strategic use of the DAO's funds, potentially benefiting the protocol's long-term stability. No specific group is explicitly disadvantaged, but control over treasury assets shifts to the new committee.
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Establishment of Treasury Management Program and Treasury Management Committee
This proposal establishes the Compound Treasury Management Program (TMP) and deploys the on-chain infrastructure required to consolidate and manage protocol treasury assets under the oversight of a newly constituted Treasury Management Committee (TMC).
Upon execution, this proposal:
- Withdraws deprecated V2 reserves (~$18.95M) to Treasury Escrow.
- Transfers Aera vault ownership (~$28.21M) from the Governor Timelock to Treasury Timelock.
- Transfers Avantgarde vault ownership (~$3.8M) from the Governor Time…