0x5d545de6…8fb7sent to0x585cca06…23c9·#23,720,446·view on Etherscan
# [TFIP-34] Foundation Update: Wallet Recovery and Treasury Consolidation
### **Summary:**
As mentioned in the Q3 DAO report, part of the Foundation’s ongoing cleanup initiatives has involved an analysis of legacy TrueFi wallets and smart contracts. We have concluded reviewing historical DAO wallets to ensure that all on-chain assets are properly accounted for and managed under Foundation oversight.
During this process, several legacy wallets were identified and handed over to the Foundation. After verifying ownership and confirming that the balances were idle and not linked to any active operations or obligations, we plan to claim these assets to fund ongoing Foundation activities and support DAO operations.
Below is the **final overview list** following the latest verification and updates:
| **Wallet Name** | **Wallet Address** | **Owner** | **Asset** | **Network** | **Balance** |
| ----------------- | -------------------------------------------- | ---------- | --------- | ----------- | ----------- |
| Revenue Wallet | `0xEEECA18FF2EEA7663f6E6348fAfc859958d7Cb99` | TrueFi DAO | USDC | Arbitrum | 3,564 |
| Revenue Wallet | `0xEEECA18FF2EEA7663f6E6348fAfc859958d7Cb99` | TrueFi DAO | USDT | Arbitrum | 1,041 |
| Revenue Wallet | `0xEEECA18FF2EEA7663f6E6348fAfc859958d7Cb99` | TrueFi DAO | ARB | Arbitrum | 45,000 |
| Protocol Treasury | `0x863461596aB57b91B873b26D4F0a701a9703B9Ca` | TrueFi DAO | USDC | Ethereum | 32,008 |
| Protocol Treasury | `0x863461596aB57b91B873b26D4F0a701a9703B9Ca` | TrueFi DAO | TRU | Ethereum | 188,074 |
| | | | | | |
> \*\*Note:\*\*The previously listed wallets “Loan Rating Rewards – Distributor” and “Rating Loans” were found to **belong to the legacy TrueFi ecosystem** and are **not under DAO ownership or control**. These wallets are therefore excluded from this proposal.
The **Revenue Wallet** on Arbitrum remains part of the consolidation effort; however, this **Tally vote will not trigger any direct on-chain action**. The wallet is a **3-out-of-6 multisignature address**, originally used to receive the Arbitrum grant and subsequently to collect protocol and product fees from the Arbitrum network.
This vote grants the Foundation the **mandate to recover these funds** and to **re-establish control over this multisig** in alignment with current governance and operational structures.
The **stkTRU Distributor** will receive later contract upgrades as part of another Tally package proposal.
***
### **Rationale**
This initiative aligns with our broader goals of:
* Streamlining wallet management and improving transparency
* Consolidating DAO-controlled assets to simplify treasury operations
* Supporting continued development and ecosystem growth as we approach Elara’s launch
The total of these balances will be transferred into **Foundation-managed wallets** for operational use, where they will remain **fully visible and traceable on-chain**.
All transfers will go to the existing multi-signature wallet already used for Foundation operations:
**New Treasury — 0xC03151bAc97F692e5b71Eb49635A624141f7477b**
***
### **Additional Context**
The Foundation continues to work diligently to **repair and organize legacy infrastructure** inherited from prior entities that administered TrueFi.
As with this effort, what may appear as a simple operational task often becomes complex due to the **absence of proper handovers, missing documentation, or outdated procedures**.
Despite this, progress is being made systematically to ensure TrueFi’s operations and governance remain transparent, auditable, and compliant moving forward.