TIP 43：Community Treasury Asset Allocation and Strategic Deployment Plan（Tokenlon 社区财库资产配置及战略部署方案）

Background

Under TIP 42, Tokenlon systematically deposits protocol-captured fees into the Community Treasury, building a sustainably growing pool of community-controlled assets.

Building on TIP 42, this proposal further:

1. Formally consolidates three multi-sig wallets under the unified "Tokenlon Community Treasury";
2. Provides a comprehensive overview of current treasury token holdings and asset distribution;
3. Proposes an initial asset allocation framework for the Community Treasury, including a long-term BTC/ETH accumulation strategy,and an allocation of operating liquidity for the Tokenlon V7 Solver.

Motivation

● Bring historical and future fee-collection wallets under unified "Community Treasury" management;
● Establish a clear, reusable asset allocation framework on the current treasury base of approximately $24.96M;
● Dispose of alternative and non-core assets, gradually converting a portion of treasury exposure into long-term BTC/ETH strategic positions;
● Create headroom for future on-chain strategies (treasury allocation, investment, buybacks, solver liquidity, community incentives, etc.);
● Reserve sufficient Solver launch liquidity for the Tokenlon V7 protocol upgrade, ensuring adequate market depth and user experience at launch.

Community Treasury Wallets and Asset Overview

Three Multi-Sig Wallets

Wallet	Address	Estimated Net Value	Primary Assets
Ethereum Multi-Sig #1	0x3557…	≈ 11.41M USD	USDT, LON, USDC, WBTC, WETH, DAI, USDP
Ethereum Multi-Sig #2 (Fee Wallet)	0x0073…	≈ 11.58M USD	WETH, USDT, DAI, USDC
Arbitrum Multi-Sig	0xbf03…	≈ 1.96M USD	LON, USDT, LP tokens

Note: Valuations are based on on-chain prices as of April 7, 2026, for governance reference only. Actual amounts will reflect on-chain prices at the time of execution.

Combined Total Value: $24,968,366 (approx. $24.96M)

Top 10 Combined Assets

Rank	Asset	Total Quantity	Total Value (USD)	Primary Wallet
1	USDT (incl. Arbitrum USD₮0)	≈ 12.27M	≈ 12.27M	0x3557 / 0x0073 / 0xbf03
2	WETH	≈ 2,530.67	≈ 5.34M	Primarily 0x0073
3	LON (Ethereum + Arbitrum)	≈ 11.56M	≈ 3.13M	0x3557 / 0xbf03
4	DAI	≈ 2.32M	≈ 2.32M	Primarily 0x0073
5	USDC	≈ 241,074	≈ 0.24M	0x3557 / 0x0073
6	WBTC	≈ 1.68	≈ 0.115M	0x3557 / 0x0073
7	USDP	≈ 90,971	≈ 0.091M	0x3557 / 0x0073
8	LINK	≈ 1,446.5	≈ 12.7k	0x0073 / 0x3557
9	ARB	55,000	≈ 5.26k	0xbf03
10	FEI	≈ 1,890	≈ 1.89k	0x3557

Asset Structure: Stablecoins (USDT/USDC/DAI, etc.) account for the vast majority of treasury value. LON, the protocol's core asset, represents 13.3%. WETH holdings are moderate. WBTC accounts for only 0.5%. On Arbitrum, LON and ARB form a Layer 2 satellite position.

Community Treasury Use Cases

Once fee revenue flows into the Community Treasury, it may be used for purposes including but not limited to:

1. Treasury Rebalancing — Rolling adjustments across chains and assets to increase the share of BTC/ETH as foundational safe assets;
2. Investment and Asset Management — Participation in low-to-medium risk DeFi strategies to generate additional yield and hedge downside risk;
3. Open Market Buybacks — Periodic LON buybacks for governance, community incentives, and liquidity enhancement;
4. Community Incentives and Ecosystem Development — Incentives for market makers, integrators, ecosystem partners, and community contributors;
5. V7 Solver Liquidity Supply — Allocation of stablecoins as operating liquidity for the Tokenlon V7 Solver, ensuring adequate market-making depth and trading experience during the protocol upgrade launch;
6. Other On-Chain Strategies — Protocol security (insurance pool), new chain expansion seed funding, etc. Each must be separately scoped or disclosed transparently through quarterly updates prior to execution.

Proposal

I. Confirm Community Treasury Scope

1. Formally designate the above three multi-sig wallets as the "Tokenlon Community Treasury," with 0x0073… upgraded from "fee aggregation wallet" to "Community Treasury Multi-Sig #2";
2. Require the core team to publish a consolidated Community Treasury asset snapshot (covering all three addresses) at least once per quarter.

II. Initial Asset Allocation and BTC/ETH Strategic Accumulation

2.1 Small-cap Asset Disposal

Consolidate and dispose of assets across the three multi-sigs where a single asset's value has remained below 0.1% of total treasury value over time, or where market cap/liquidity is clearly insufficient. This includes PEPE, small-cap DeFi tokens, legacy mining rewards, and similar assets. Total small-cap assets: approximately $1.545M.

2.2 Dynamic BTC/ETH Asset Allocation

1. Use proceeds from small-cap asset disposal, plus 10–20% extracted from total stablecoin holdings, to build a strategic BTC/ETH position. The specific ratio will be determined flexibly by the operations team based on market conditions and disclosed to the community post-execution;
2. Execution principles: purchase in tranches to avoid single-point operations; establish rebalancing rules; disclose publicly to the community each quarter.

2.3 Allocate 20% of Treasury Stablecoin Assets for Tokenlon V7 Solver Initial Liquidity

1. Allocate an additional 20% (approximately $5M USD) of total stablecoin holdings as operating liquidity for the Tokenlon V7 Solver, to support liquidity supply during the protocol upgrade launch phase;

2. Funds will be managed by the core team via multi-sig, used exclusively for Solver market-making and liquidity deployment, with regular community disclosures of fund usage and returns.

2.4 Target Asset Allocation

Tier	Asset Type	Industry Benchmark	Current Allocation	Target Allocation	Purpose
🧱 Core Layer	Stablecoins / RWA	20–60%	63%	30–40%	Incentives / market making / risk buffer
🧠 Beta Layer	ETH / BTC	10–30%	23.2%	20–30%	Core assets (trading depth)
🚀 Ecosystem Layer	Native Token	30–80%	13.3%	30–40%	LON governance and incentives
💰 Yield Layer	DeFi Strategies	5–25%	0%	10–20%	Liquidity, capital efficiency
🔧 Operations Layer	Stablecoins	10%-30%	0	20%	V7 Solver initial liquidity

Expected Outcomes

1. Governance: A clear "Community Treasury boundary" that logically extends TIP 42, completing the "fees → treasury → allocation" pipeline;
2. Asset Structure: Gradually establishing a BTC/ETH long-term accumulation position alongside the existing stablecoin + WETH core holdings, while reducing management overhead and improving treasury resilience through long-tail asset disposal;
3. Execution: Maintaining a 10–20% flexible range, with the core team disclosing quarterly and accountable to governance.
4. Protocol Upgrade: Allocating approximately $5M USD in stablecoins as V7 Solver operating liquidity to ensure sufficient market-making depth at Tokenlon V7 launch, reduce cold-start risk, and accelerate user migration and trading volume growth;

Proposal Execution Items

If TIP 43 passes, the core team will execute in tranches within 30 to 60 days:

1. Publish a "Community Treasury Asset Snapshot Report" (full asset list across all three addresses, plus long-tail asset summary);
2. Execute long-tail asset disposal and establish the initial BTC/ETH dynamic position;
3. Complete the transfer of approximately $5M USD in stablecoins to the V7 Solver liquidity account, and publish a fund deployment plan and monitoring framework;
4. Upon completion, publish an execution update covering: actual disposal list and price ranges, BTC/ETH purchase quantities and cost basis,Solver liquidity funding status,and the updated treasury asset structure;

Voting

● Eligible voters: Wallets holding LON, xLON, or LON LP tokens (including unclaimed LON rewards)**

背景

根据 TIP 42 的规划，Tokenlon 将协议捕获的手续费系统地沉淀到社区财库，搭建可持续积累的社区支配资产组合。

本提案在 TIP 42 基础上，进一步：

1. 明确三个多签钱包统一划归为「Tokenlon 社区财库」；
2. 汇总当前社区财库代币存量和资产分布；
3. 提出社区财库初始资产配置方案，包括以 BTC/ETH 为核心的长期增持策略，以及为 Tokenlon V7 Solver 划拨运营流动性资金。

社区财库钱包与资产概况

三个多签钱包

钱包	地址	估算净值	主要资产
Ethereum 多签 #1	0x3557…	≈ 11.41M USD	USDT、LON、USDC、WBTC、WETH、DAI、USDP
Ethereum 多签 #2（手续费钱包）	0x0073…	≈ 11.58M USD	WETH、USDT、DAI、USDC
Arbitrum 多签	0xbf03…	≈ 1.96M USD	LON、USDT、LPtoken

备注：估值基于 2026-04-07 链上价格，仅做治理参考，实际金额以提案执行时点链上价格为准。

合计总价值：$24,968,366（约 24.96M USD）

资产结构： 稳定币（USDT/USDC/DAI 等）占财库绝大多数价值；LON 为协议核心资产占 13.3%；WETH 规模适中；WBTC 仅占 0.5%；Arbitrum 上 LON + ARB 形成 Layer2 卫星仓位。

提议

一、确认社区财库范围

1. 将上述三个多签统一定义为「Tokenlon 社区财库」，其中 0x0073… 从「手续费归集钱包」升级为「社区财库多签 #2」；

二、初始资产配置与 BTC/ETH 战略增持

2.1 长尾代币处置

将三个多签中单资产价值长期低于总财库 0.1%、或市值/流动性明显不足的长尾代币汇总处置（包括 PEPE、小市值 DeFi 代币、历史挖矿遗留资产等），长尾资产总金额约 $1.545M。

2.2 BTC/ETH 动态资产配置

1. 处置长尾资产所得 + 从稳定币总额中提取 10%~20%，用于构建 BTC/ETH 战略仓位；具体比例由运营团队根据市场情况灵活选择，执行后向社区披露；
2. 执行原则：分批买入，避免单点操作；设置再平衡规则；按季度向社区公开。

2.3 从财库稳定币资产中提取 20% 资金，用于 Tokenlon V7 Solver 提供初始流动性

TIP 43 完整提案中文版，点击：https://support.tokenlon.im/hc/zh-cn/articles/48512646670228-TIP-43-