The treasury consists of all the assets controlled by the Lyra DAO. The treasury is held by the short executor.

Funding

The DAO has raised funds from private investors on several occasions. The details are listed below.

1. Pre-seed: In February 2021, 3.4% of the supply was sold at a $15M FDV, implying a token price of $0.015. These tokens were sold from the investor allocation.
2. Seed: In May 2021, 6.6% of the supply was sold at a $50M FDV, implying a token price of $0.05. These tokens were sold from the investor allocation.
3. OTC: In September 2021, 0.5% of the supply was sold at a $100M FDV, implying a token price of $0.10. These tokens were sold from the DAO allocation.

These tokens were locked until January 1 2022 and then vest linearly over two years, with the final tokens unlocking on January 1 2024.

4. Strategic: In August 2022, 3% of the supply was sold at a $100M FDV, implying a token price of $0.10. These tokens were sold from the DAO allocation. This raise was announced in November 2022.

These tokens are locked until September 1st 2023 and then vest linearly over 3 years, with the final tokens unlocking on September 1st 2026.