All movements require 1-day governance timelock

Treasury Vault

Protocol-controlled reserves managed by TreasuryVault. Every action dispatched through strict policy bounds. No single actor can drain the treasury unilaterally.

View contracts

55%

25%

12%

Gross Reserve Value

—

Live on-chain after deploy

NAV per FNC

—

reservePerFnc()

Liquid Backing

—

liquidBackingPerFnc()

Circulating Supply

1B FNC

Fixed — no mint key

Asset Allocation

Reserve Composition

Placeholder data — live reads from ReserveRegistry after deploy

Stablecoins

Reserve asset

55%

ETH

Reserve asset

25%

LP Positions

Reserve asset

12%

Other

Reserve asset

Governance Policy Bounds

Every treasury action is validated by TreasuryPolicy before execution. Constitutional constants are immutable — governance can tune within bounds, never beyond.

Max Daily Buyback

5% constitutional cap

Min Stable Allocation

40%

30% constitutional floor

Max Single Asset

50%

70% constitutional cap

Oracle Freshness

3600s

300s–86400s range

Buyback History

Date	Stable	Amount In	FNC Bought	Tx
2026-05-20	USDC	$12,500	41,666 FNC	Etherscan
2026-05-18	USDC	$8,200	27,333 FNC	Etherscan
2026-05-15	USDT	$21,000	70,000 FNC	Etherscan

Events from BuybackExecutor.BuybackExecuted — placeholder until deploy

Redemption Queue

Epoch #1 · OpenCloses in 4d 12h

Total Queued

240,000 FNC

Max USDC Payout

$72,000

Circuit Breaker

15% drawdown

Queue Fill68%

Powered by RedemptionQueue.sol — burn FNC to redeem proportional USDC at NAV. All epochs require governance approval to open.

Timelock-controlledNo admin backdoorPolicy-validated dispatchesNAV-indexed redemption

TreasuryVault enforces whitelist-based call routing. No direct token transfer function exists. All actions require (1) executor role, (2) explicit allowedCall registration, and (3) policy validation.