Private Treasury Governance
Private Treasury Governance defines how fund assets are controlled, protected, and allocated under ZK DAO—without exposing treasury wallets, balances, or transaction history.
In ZKFund, the treasury is never autonomous and never public. It is governed entirely through cryptographically enforced decisions.
Purpose
Public treasuries create systemic risk:
Wallets become visible attack targets
Balance changes reveal strategy and timing
Transaction history enables long-term surveillance
For funds and institutions, this is unacceptable.
Private Treasury Governance ensures that:
All treasury actions are governance-gated
No financial state is publicly observable
Strategy remains confidential before and after execution
Treasury as a Governed State Machine
In ZKFund, the treasury is not a wallet—it is a state machine.
Treasury state changes only when:
A valid proposal is finalized
Required execution approvals are proven
Settlement constraints are satisfied
There is no direct manual control over funds.
Governed Treasury Actions
All treasury actions must originate from governance.
Common governed actions include:
Asset swaps
Capital withdrawals
Strategy allocation
Liquidity provisioning
Parameter updates
Emergency freezes or unlocks
Every action is:
Explicitly proposed
Cryptographically authorized
Deterministically enforced
Withdrawal Governance
Withdrawals are among the most sensitive actions.
Private Treasury Governance enforces:
Role-based withdrawal permissions
Action-specific approval thresholds
Amount and frequency constraints
ZK-verified LP share proofs (for LP withdrawals)
Withdrawals do not reveal:
Who requested them
Who approved them
Where funds were sent
Allocation & Strategy Control
Strategy decisions are treated as treasury governance actions.
The system supports:
Allocation across strategy classes
Risk-bounded execution constraints
Time-based or condition-based actions
Allocation details remain private:
Percentages are hidden
Asset composition is not exposed
Timing cannot be inferred externally
Emergency Controls
Private Treasury Governance includes emergency mechanisms, such as:
Emergency freeze
Restricted execution modes
Temporary governance override thresholds
These mechanisms are:
Predefined by governance rules
Triggered through proof-based authorization
Invisible until activated
Emergency actions remain private unless disclosure is explicitly approved.
Accountability Without Exposure
Even though treasury state is private, accountability is preserved.
ZKFund provides:
Proof receipts for every treasury action
Deterministic enforcement of rules
Optional selective disclosure for audits
Anyone can verify:
That treasury rules were followed
That no unauthorized action occurred
Without knowing:
What assets were moved
How much was moved
To whom
Why Treasury Governance Must Be Private
If treasury governance is public:
Governance leaks strategy
Execution leaks intent
Settlement leaks positioning
Private Treasury Governance ensures that:
Capital remains protected
Decisions remain confidential
Governance remains enforceable
Relationship to Other Layers
Private Treasury Governance depends on:
Identity Layer for authorization
Governance Layer for decision-making
Execution Layer for enforcement
Settlement Layer for private execution
It does not bypass or replace any layer.
Private Treasury Governance is the final expression of ZKFund’s philosophy:
Control capital with rules, not with visibility.
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