💱DAO Treasury
The Power Behind Reform: The DAO Treasury
At the core of Reform is the DAO Treasury, the place where strategy turns into action.
The treasury powers our trading algorithms for liquidity provision and designated market making. It also funds DAO operations and drives $RFRM buybacks. Everything is fully transparent, all activity is on-chain, and holdings can be tracked in real-time through the dashboard.
How Reform Earns: The Income Driving the DAO

Realized Profits
Profits from trading cycles by the LP algorithms, excluding those from designated market making, form one of our key revenue streams. These gains are reinvested to sustain the DAO treasury’s value and provide liquidity, ensuring a robust and self-reinforcing system. These are not seen as Net Revenue but are used to grow the DAO treasury.
Liquidity Provision
Our algorithms run grid strategies on tokens with the highest market caps like BTC, ETH, and SOL. They place maker orders all day, every day. The idea? Stay active, catch price swings, and generate as much volume as possible.
That volume brings in rebates. Exchanges pay us to keep their markets liquid and smooth. The more trades we do, the more we earn.
All those rebates go straight into the DAO Treasury and are seen as revenue for calculations of the Net Revenue.
On top of that, we also make money through the spread, buying low, selling high, one small margin at a time. These are labeled under realized profits and go right back into growing the treasury.
Designated Market Making
This is where Reform works one-on-one with projects that need real, active support in the market.
Most small to mid-sized projects are having a hard time meeting liquidity requirements for listings or staying listed. Exchanges expect certain levels of volume, spread tightness, and depth. Without those, projects risk getting delisted or losing credibility. That’s where we step in.
Designated market making is like exclusive liquidity provision, tailored to a specific token’s needs. We step in not just as a service provider, but as a partner. We don’t just keep markets alive, we help tokens and projects thrive.
Reform works with these projects under two main types of agreements:
Token Loan Agreement
The project sends a pre-agreed amount of their tokens at a set strike price, allowing Reform to repay the token loan under those terms. We deploy it using our DMM algorithms, which generates liquidity and volume on relevant exchanges. If the token performs well and the price goes up, the DAO benefits from that upside.
When the contract ends, any surplus in the project’s tokens is sent directly to the DAO Treasury, aligning long-term value creation between Reform and the project’s ecosystem.
Retainer Agreement
This setup is ideal for projects that want to stay in control of their assets. They keep custody of their tokens and pay us a fixed monthly fee. In return, we handle market making on their token across CEXs. Things such as order placement, spread optimization, execution, and risk management are all being taken care of.
Projects get consistency, better trading conditions, and peace of mind knowing that everything is done transparently and professionally. Meanwhile, the DAO earns recurring, predictable income that strengthens the DAO treasury.
These services don’t just drive revenue, they open the door for deeper partnerships, increase token visibility across platforms, and ensure a fairer, healthier market.
How Income Drives the DAO Forward
Whatever we earn, rebates, fees, profits, it all fuels our ecosystem.
Net revenue, made up of rebates, retainer income, and realized DMM earnings, is split as follows: 65% is used to buy back $RFRM from the open market, while 35% remains in the DAO Treasury to fund operations, development, and growth.
Furthermore, the realized profits are directly headed into the DAO Treasury, where they’re reinvested to sustain liquidity operations, strengthen our trading capacity, and compound the DAO’s long-term financial growth.
That’s the loop. Simple, transparent, and designed to grow stronger over time.
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