0x4d57f3c4…093esent to0x309a862b…c8c0·#25,015,146·view on Etherscan
# 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:
1. Withdraws deprecated V2 reserves (~$18.95M) to Treasury Escrow.
2. Transfers Aera vault ownership (~$28.21M) from the Governor Timelock to Treasury Timelock.
3. Transfers Avantgarde vault ownership (~$3.8M) from the Governor Timelock to Treasury Timelock.
4. Withdraws V3 surplus reserves (~$6.94M) above the reserve floor to Treasury Escrow.
All withdrawals from Treasury Escrow are subject to a 2-day cooldown before execution, a 7-day expiration window, and Safeguard cancellation rights. The Treasury Timelock enforces a 2-day minimum delay on governance-level operations. Both contracts have been audited by ChainSecurity and Certora.
### Audit
Treasury manager has been audited by [Certora](https://www.certora.com/) and the report can be found [here](https://www.certora.com/reports/compound-treasury-manager).
Full proposal details, fund source methodology, on-chain controls, and TMC composition: [Establishment of Treasury Management Program and Treasury Management Committee](https://www.comp.xyz/t/establishment-of-treasury-management-program-and-treasury-management-committee/7710).