0x2531b2ff…deb1sent to0xcdb9f8f9…a786·#23,391,657·view on Etherscan
# Ratify the Loot Treasury Charter
# Proposal: Ratify the Loot Treasury Charter
**Summary**
This proposal asks the Loot community to **vote on ratifying the below document as the official Treasury Charter for Loot.**
If approved, this charter will serve as the binding framework for how Loot Treasury funds must be stewarded and allocated—**regardless of the custodian** (multi-sig, DAO, or onchain governance system).
Ratifying this charter ensures that community expectations and principles remain constant no matter where the treasury is held, protecting Loot’s neutrality and values across time and custodians.
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## Loot Treasury Charter
*Adopted by the Loot Community — Version 1.0.0*
### Preamble
Loot is a public good: a canon-optional, decentralized fantasy world owned by no one and open to all. There is no official narrative authority or core canon. The only immutable truth is what is encoded in the Loot smart contract on Ethereum mainnet.
All stories, characters, games, and worlds that emerge from this foundation are considered to "exist" by virtue of their creation. The more that others build upon a work, the more cultural weight it carries, much like the collaborative ethos of open-source software. Loot is not about controlling IP, but about seeding infinite creativity.
Recognizing the need for transparent, accountable, and community-aligned management of the Loot ecosystem treasury, we, the holders and stewards of Loot, hereby adopt this Treasury Charter as a formal framework for stewardship, funding, and long-term growth of the Lootverse.
If ratified by a Loot DAO vote, this document shall serve as a binding contract for the expectations and acceptable utilization of the Loot treasury, regardless of where those funds reside.
This Charter exists to strengthen, protect, and promote the values of Loot in perpetuity.
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### Article I: Core Values and Principles
#### Section 1.01 — Open-Source and Public Domain (CC0)
(a) Unrestricted Use: Loot operates under a CC0 1.0 Universal Public Domain Dedication, allowing any individual or project to use, modify, and build upon Loot materials without restriction.
(b) Creative Freedom: While Loot promotes CC0 culture, projects funded by the treasury may use any license they choose. Open licensing is encouraged but not required.
(c) Open Licensing Preference: Projects that adopt open-source or permissive licenses for public benefit are strongly encouraged and may receive preference in evaluation.
#### Section 1.02 — Permissionless Participation
(a) Decentralized Contribution: Participation in the Loot ecosystem shall not be gated or controlled by any centralized authority or ecosystem.
(b) Ecosystem Support: The treasury shall prioritize funding initiatives that foster community engagement, collaborative worldbuilding, and composability across the Lootverse.
(c) Alignment with Values: All proposals shall be evaluated based on their adherence to Loot’s open, collaborative, and decentralized ethos.
#### Section 1.03 — Responsible Fund Stewardship
(a) Transparency and Accountability: All disbursements, proposals, and treasury-related actions must be recorded and made publicly available via verifiable means—onchain where possible, and via signed attestations or disclosures when not.
(b) Prudent Management: The treasury shall be managed conservatively and transparently, avoiding unnecessary financial risk, lock-in to third-party ecosystems, or long-term misalignment.
(c) Minimized Bureaucracy: Treasury operations should remain lightweight and flexible, enabling experimentation while upholding fiscal responsibility and public trust.
#### Section 1.04 — Treasury Tenets
In service of proliferation, the Loot Treasury establishes the following tenets as guides for the stewardship and deployment of resources. These tenets are not exhaustive, nor are they exclusive; instead, they provide a framework through which proposals may be measured and advanced.
(a) Revenue: The treasury seeks to expand its capacity by supporting initiatives that generate sustainable growth and create compounding opportunities. Investments under this charter focus on scalability, network effects, and long-term yield. Revenue allocations must consider both immediate sustainability and strategic pathways that maximize the capacity of the treasury to proliferate further.
(b) Awareness: The treasury will fund efforts that amplify the voice of the Loot ecosystem and its participants. This includes storytelling, partnerships, campaigns, and activations that spread Loot’s ideas and values to a broader audience. Awareness is not simply marketing; it is cultivating identity and narrative, ensuring Loot is recognized as a living, evolving mythos with cultural significance.
(c) Legacy: The treasury will support projects that contribute lasting value to the Lootverse. This includes expanding the shared content library, curating high-quality creations, and archiving the evolving mythos. Legacy is about continuity—ensuring that the contributions of today remain accessible, inspiring, and foundational for future generations of builders and players.
(d) Community: The treasury commits to fostering shared ownership and active stewardship by the Loot community. Funding is directed toward programs that lower barriers to entry, support creators and developers, and encourage meaningful collaboration. Community allocations ensure that Loot remains open, participatory, and shaped by the contributions of those who contribute to its story.
(e) Stewardship: The treasury recognizes its responsibility as custodian of collective resources. Stewardship funds are dedicated to maintaining stability, ensuring transparency, and upholding trust. This includes audits, reporting frameworks, and open documentation that guarantee the treasury remains resilient and accountable, so that proliferation can endure over time.
(f) Forward-Thinking Responsibility: All treasury decisions must be weighed not only for immediate benefit but also for the precedent they set. While yield strategies may be pursued with community oversight, proposals that resemble private sales or concentrated bets in external ecosystems must be justified with clear, transparent rationale and subject to heightened review. The community must be aligned in treating the funds as a shared legacy—responsibly, conservatively, and with the seriousness that ensures credibility with future builders, partners, and observers.
(g) Return on Impact: Distributions shall be evaluated on financial, cultural, and social returns. Loot’s value includes identity, narrative, experimentation, and cultural footprint—impact may take many forms.
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### Article II: Applicability and Interim Custodianship
#### Section 2.01 — Applicability of This Charter
This Charter applies to all current and future stewards of the Loot Treasury, including but not limited to BibliothecaDAO. While not currently enforced via smart contract, it is adopted by the Loot community as a binding social contract. It is intended to guide treasury usage, behavior, and accountability in the absence of onchain governance.
#### Section 2.02 — Neutral Treasury Stewardship
The Loot Treasury must remain neutral, chain-agnostic, and ecosystem-agnostic. Projects affiliated with specific chains or protocols (e.g., Realms, Starknet, $LORDS) may be funded when their proposals align with Loot community values. However, no custodian may use treasury funds in ways that primarily or disproportionately benefit a single external ecosystem without open approval from Loot NFT holders.
#### Section 2.03 — Acceptable Use of Yield Strategies
Treasury funds may be deployed to generate yield or acquire strategic assets under the following conditions:
(a) The principal remains recoverable and not locked into external systems indefinitely.
(b) Custody is retained or transparently delegated under community-approved guardrails.
(c) All proceeds (yield) are used in service of the Loot ecosystem in a neutral and permissionless manner.
(d) Strategic asset acquisitions (e.g., Loot NFTs, Realms, $LORDS) must be justified and broadly reviewed for alignment with long-term ecosystem growth.
Delegation of funds to trusted stewards may be proposed and approved, provided such actions remain transparent and in accordance with this charter.
#### Section 2.04 — Transparency and Accountability for Custodians
Any custodian of the Loot Treasury is expected to adhere to the following baseline standards of conduct:
- Publicly trackable wallet activity and onchain transparency
- Clear rationale for all treasury movements, allocations, or strategies
- Open communication channels (e.g., Discord, Farcaster, forums) for community input
- Documentation of all decisions in a publicly verifiable and timestamped format
Failure to meet these standards may trigger calls for withdrawal of custodianship and reassignment to a more neutral steward.
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### Article III: Governance Authority (Future Onchain System)
#### Section 3.01 — Governance Body
All decisions regarding the Loot Treasury shall ultimately be made by Loot NFT holders using onchain governance contracts deployed on Ethereum mainnet.
Until such contracts are reinstated, this Charter expresses the expectations of Loot NFT holders toward all stewards of the treasury.
#### Section 3.02 — Voting Mechanism (Under Development)*
(a) Voting Power: Each Loot NFT shall represent one vote. No delegation or staking shall be required.
(b) Proposal Threshold and Quorum: Governance thresholds shall match those defined in the future Loot Governor contract and may be updated via governance.
(c) Timelock and Execution: All governance decisions shall be subject to a time delay to ensure transparency and sufficient reaction time.
(d) Quorum Aggregation Risk: As Loot NFTs are freely transferable, it is possible for a malicious actor to acquire both proposal and quorum thresholds on the open market. The community is encouraged to participate actively and remain vigilant to defend against abuse.
*This section does not apply until an onchain governance solution is voted on and passed.
#### Section 3.03 — Emergency Measures
In the event of a security breach, misappropriation of funds, or other exceptional circumstances, any holder may raise an emergency proposal—onchain or offchain—to pause, revoke, or reallocate treasury funds.
Emergency actions may include:
- Temporary halt of unexecuted proposals
- Cancellation of pending disbursements
- Escrow or delay of tranche-based funding
All emergency proposals must meet the same proposal threshold, quorum, voting delay, voting period, and timelock requirements as standard proposals, once governance is reestablished. Until then, emergency actions should be coordinated via public channels and consensus among Loot NFT holders.
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### Article IV: Funding Categories and Requirements
This framework is intended to guide all current and future treasury managers, including BibliothecaDAO, in the evaluation and disbursement of funds.
Note: The term "distribution" refers to any treasury allocation, whether a grant, investment, partnership, asset acquisition, or other strategic use.
#### Section 4.01 — Small-Scale Distributions (≤1 ETH)
(a) Purpose: Intended for experimental, creative, or low-budget Loot-aligned projects.
(b) Requirements: A brief proposal with objectives, budget, and alignment with the Charter.
(c) Review: May be approved via expedited governance process, batch review, or trusted committee action.
#### Section 4.02 — Medium-Scale Distributions (>1 ETH and ≤20 ETH)
(a) Purpose: For established contributors or multi-milestone projects.
(b) Requirements: Detailed proposal including objectives, budget, milestones, and impact.
(c) Oversight: Recipients are encouraged to provide lightweight public updates or milestone confirmations but are not required to submit formal reports unless specified.
#### Section 4.03 — Large-Scale Distributions (>20 ETH)
(a) Purpose: For strategic ecosystem development, tooling, or infrastructure.
(b) Requirements: Comprehensive plan including risk assessment, sustainability, and endorsements.
(c) Approval: Requires broader governance vote and may be broken into milestone-based disbursements.
#### Section 4.04 — Oversight for Large Distributions
(a) Proposals over 20 ETH must include a roadmap with milestones and funding schedule.
(b) A neutral community member (not affiliated with the team) should serve as a Milestone Steward.
(c) If the steward cannot serve, a replacement must be proposed and approved.
(d) Funding may be gated by deliverables, community checkpoints, or timelocks.
(e) Escrow mechanisms may be used as needed, subject to governance approval.
(f) Disputes may be brought to the community for review and resolution.
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### Article V: Evaluation Criteria
#### Section 5.01 — Eligibility and Use of Loot
(a) Projects are not required to use Loot NFTs or derivatives.
(b) Any licensing model is allowed, including commercial or proprietary licenses.
(c) Proposals should reflect the spirit of permissionless composability and worldbuilding.
(d) Projects must demonstrate relevance or benefit to the Loot ecosystem.
#### Section 5.02 — Evaluation Criteria
(a) Mission Alignment: Proposals should embody the ethos of decentralization, creativity, and public good.
(b) Community Impact: Preference is given to proposals that broaden participation and interoperability.
(c) Feasibility: Proposals should include a realistic plan, timeline, and milestones.
(d) Transparency and Accountability: Recipients should be open to community feedback and visibility when appropriate.
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### Article VI: Amendments and Ratification
#### Section 6.01 — Amendment Process
(a) Any holder meeting the minimum proposal threshold of Loot NFTs may propose an amendment.
(b) Amendments may be adopted via onchain governance when available, or via documented consensus through public discussion forums and open voting mechanisms in the interim.
#### Section 6.02 — Living Document
This Charter shall evolve with the needs of the Lootverse. Governance may amend this Charter to reflect changing contexts, emerging threats, or opportunities, provided changes are communicated transparently and retain community backing.
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### Ratification
This Charter is ratified by the Loot community as a formal social contract. It expresses the clear, collective expectations of Loot NFT holders for how the treasury must be managed, regardless of its current or future custodian.
Any entity that assumes custodianship of the treasury is expected to uphold this Charter in full.