Treasuries are system-controlled reserve accounts on Sigil. They accrue from fee-market splits, slashing, registration fees, and auction settlement, and disburse only through governance-approved transactions.

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Treasury accounts

AccountSource of fundsOwner
Network ecosystem treasury30% of genesis allocation, governance disbursementSigil Foundation MHR
Network rewards reserve20% of genesis allocation, validator/protocol rewardssigil.system.staking
Validator bootstrap subsidy0.4% of genesis allocationsigil.system.staking
Treasury fee accrual10% of fee market on every blocksigil.system.treasury
Slashed-stake treasury50% of slashed amounts (the other 50% is burned)sigil.system.treasury
Auction settlementPremium name auctions, future validator slot auctionssigil.system.treasury
All treasury account balances are readable via sigil_getTreasury.

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Disbursement

Disbursement requires a governance proposal under sigil.system.governance:
Proposal kindQuorumVoting periodTimelock
Standard disbursement33%7 days7 days
Emergency disbursement50%24 hours24 hours with rollback option
Treasury parameter change50%14 days30 days
The DisburseFromTreasury transaction can be submitted only after the proposal passes and the timelock expires.

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Transparency reports

The Sigil Foundation publishes quarterly transparency reports indexed on-chain via PublishTransparencyReport. Each report is a Weave CID pointing to a signed PDF; the chain stores the commitment. 
pub struct TransparencyReport {
    pub period: String,             // e.g. "2026-Q2"
    pub published_at_height: u64,
    pub report_cid: Blake3Hash,
    pub report_signature: Signature,
    pub summary: String,            // short on-chain summary
}
Reports include:
  • Beginning and ending balances per treasury account.
  • All disbursements with proposal ids and beneficiary DIDs.
  • Fees accrued and slashing accrued during the period.
  • Quarter-over-quarter delta.

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Foundation operating budget

The Sigil Foundation operates under a 12% genesis allocation. The Foundation’s MHR DID signs disbursements under a 3-of-5 FROST threshold. Operating budget changes require an annual governance vote with at least 40% quorum.

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Founding team vest

Founding-team allocations vest under typed schedule records pinned at genesis:
SliceVestingCliff
Founding team (12.6%)48 months12 months
L1fe Labs, Inc. (13.0%)48 months12 months
Friends, family, early supporters (5.0%)24 months6 months
Strategic advisors and auditors (3.0%)24 months0
The vest schedule is enforced by the sigil.system.parameters contract; tokens are not transferable from these accounts until the vest tranche releases.

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Implementation

  • Types: node/sigil-core/src/treasury.rs.
  • Executor: node/sigil-node/src/executor_treasury.rs.
  • System contract: sigil.system.treasury.

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See also

  • Economics — fee market, slashing, supply schedule.
  • Mandates — how organisations delegate disbursement authority.