# Set up an initial Treasury Committee
**URL:** https://gov.pareto.credit/t/set-up-an-initial-treasury-committee/159
**Category:** 💡 Ideas & Improvements
**Created:** [January 1, 2021, 8:48pm UTC](https://gov.pareto.credit/t/set-up-an-initial-treasury-committee/159 "2021-01-01T20:48:46Z")
**Posts on this page:** 3
**Page:** 1
### Author:  [@Teo](https://gov.pareto.credit/u/Teo)
#### Post date: [January 1, 2021, 8:48pm UTC](https://gov.pareto.credit/t/set-up-an-initial-treasury-committee/159/1 "2021-01-01T20:48:46Z")
During the last month, we gladly experienced a great level of interactions from our community, and some key members stood out with their contributions.
**We’d like to propose an initial framework to reward value creation in Idle.**
There are 3 recent examples of value-adding activities for the protocol:
> 1/ Emblem of community-based initiatives, [Emiliano Bonassi](https://twitter.com/emilianobonassi) contributed many times to expand Idle ecosystem and fixed bugs for Idle’s integrators. A quick recap of his works:
>
> - Yearn V2 [USDC Idle strategy](https://twitter.com/emilianobonassi/status/1338600667594809345)
> - Curve and Harvest [accounting bug report](https://twitter.com/emilianobonassi/status/1342882847716237318)
> - [IdleTokenHelper](https://twitter.com/emilianobonassi/status/1344419709597458432), a tool to simplify Idle protocol integration for third-party services
>
> We would always support these contributions, and that’s why the core team assigned [1k idleUSDC bounty](https://etherscan.io/tx/0xa644f7fbae404f016e22b3060120d2e7e984ad8af94cbe3bfb716ef3c95d8459) for it.
> 2/ A great example of how the community can drive protocol improvements and new modules is @8bitporkchop.
>
> By starting a [brainstorming post](https://gov.pareto.credit/t/idle-launch-now-the-hard-work-begins/49), he lit the few for a smart treasury implementation. After many topics and a lot of replies, the [Smart Treasury came alive](https://gov.pareto.credit/t/grant-develop-a-smart-treasury/111) and Governance decided to proceed. All required Temperature Checks reached a consensus on the parameters, and the [Grant has been assigned](https://snapshot.page/#/idlefinance.eth/proposal/QmcrXfapQbwQvQdxtgfvuyy9Uf4VrtRZdtK5mTvpUR5Hrb).
> 3/ On the security side, MRKWHG (Discord user) provided evidence and helped the team to face a [misallocation bug in the governance tokens distribution](https://idlefinance.medium.com/idle-allocation-fix-explained-560a00a69999).
>
> In this case, the core team rewarded him with a well-deserved [1.5 ETH bounty](https://etherscan.io/tx/0x3970e88673150d28e4aa6fb8ac844637f982cc7838df59548e36a233b823f222).
_These kinds of contributions should be incentivized as much as possible. Their attitude is the perfect example of what decentralized community cooperation can achieve._
The above cases cannot be compared to each other, but they all share that governance could have assigned a reward for their efforts. Setting up an _efficient cooperation model_ takes many iterations and you really need to adapt it to the stage of your project.
**In order to speed up the release of such rewards and foster community activities, I’m wondering if a lite treasury committee could facilitate bounties distribution to community contributors.**
The goal here would be to get to a system where community contributors manage the day-by-day maintenance of the protocol, and a set of counsels manage a budget on a mandate. This approach would help bug seekers, builders, and thinkers to work on the protocol on a voluntary basis, but to be compensated if the outcomes bring benefits to the protocol.
Different departments/areas (eg development, communications, compliance, strategies, …) might coordinate through a multisig-based system, reporting activities and achievements to the whole Governance, that acts as a supervisor.
We’ll release more details about the committee system in the next few weeks, but we’d like to hear your opinion about it. **Is this something you would endorse?**
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### Author:  [@8bitporkchop](https://gov.pareto.credit/u/8bitporkchop)
#### Post date: [January 2, 2021, 9:35am UTC](https://gov.pareto.credit/t/set-up-an-initial-treasury-committee/159/2 "2021-01-02T09:35:07Z")
I like this idea and think that it will lead to future growth by the community. I would add that the comitte members should be elected for a fixed period (Maybe for a quater), after which they can be re-evaluated, perhaps by a snapshot vote. Commitee members should also be compensated for their role (agreed before period starts), thus creating some competition for the roles, ensuring that members are inventised to be pro-active.
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### Author:  [@Teo](https://gov.pareto.credit/u/Teo)
#### Post date: [January 4, 2021, 12:24pm UTC](https://gov.pareto.credit/t/set-up-an-initial-treasury-committee/159/3 "2021-01-04T12:24:44Z")
Agree we would need to define a _mandate period_ for the committee, a quarter sounds like enough time to evaluate the committee’s performance. Maybe we can start with a slightly shorter mandate for an initial committee pilot (1-2 months).
I concur also on _committee compensation_, as we’d need to incentivize proactiveness. Compensation can either be a % of the total budget assigned to the committee, or a fixed amount adapted to the DeFi market average.
Do you guys have any other example of committee systems in DeFi that you’d like to bring up? I’ve been looking into [Uniswap](https://app.uniswap.org/#/vote/3), [IndexCoop](https://gov.indexcoop.com/t/iip-4-create-a-treasury-committee/190), [Aave](https://governance.aave.com/t/proposal-new-aave-token-architecture/1315) and [Synthetix](https://blog.synthetix.io/spartan-council-proposal/).