t3rn
01 · What we are

An open coalition. Owned in public, run on numbers.

We are a coalition of builders, solvers and stakers operating an open cross-chain settlement layer. We coordinate with on-chain votes, treasury reads anyone can verify, and obligations we hold ourselves to in public.

TRN DAO · constitution v3
TRN DAO Treasury

What we hold. What we owe ourselves.

fetching

Assets Under Management

Free assets + bridge liquidity wells, from on-chain reads

Total AUM
—
DAO direct holdings
TRNfree
—
—
TRN price not available
USDCfree
—
—
6 decimals · 1 USDC = $1.00
treasury · 0x66655B…7357 ↗executor · 0xD426E3…bEde ↗
Bridge liquidity wells

Outgoings

Buyback stats offline
Tried http://localhost:3001/api/dao/overview — no response. Run dao-service on :3001.

Data refreshes every 30s · pricer-api offline · dao-service offline · source: bridge.t3rn.io

Runway
At current burn, treasury runway is 6.9 months.
Treasury$1,240,000Monthly burn$180,000As of2026-04-29

Open obligations

Public commitments. We name shortfalls — we do not hide them.

4 items
  • in progress
    Ship Q3 contract audit
    Scope: settlement and buyback executor.
    core
    due 2026-09-30
  • open
    Publish Q2 transparency report
    ops
    due 2026-07-15
  • open
    Sunset legacy parachain endpoints
    infra
    due 2026-06-01
  • in progress
    Cutover bridge.t3rn.io to t3rn.io portal
    Tracked in docs/MIGRATION_DETAILED.md.
    frontend
    due 2026-07-01
Projection · Q3 2026
Net revenue (fees − ops)
mid confidence
$420k
Assumption stack
  • 01Solver fee flat at 6 bps of routed volume.
  • 02Bridge volume grows 15% MoM through Q3.
  • 03No chain-level incident on Arbitrum or Base.
revised 2026-04-29
Projection · end of Q3 2026
Active solver count
low confidence
9 → 14
Assumption stack
  • 01Two onboarded solvers complete integration in May.
  • 02Three additional partners pass conformance tests.
  • 03No regression in median bid latency.
revised 2026-04-29

Risks register

What could break this. Honest severities, current mitigation.

  • Regulatory exposure across jurisdictions
    medium
    mitigationExternal counsel reviews each major DAO release; obligations log records every advisory.
  • Key dependency on Taifoon solver infrastructure
    medium
    mitigationContractually committed through 2027; second solver onboarding tracked in obligations.
  • Treasury concentration in TRN/USDC on Arbitrum
    low
    mitigationDiversification proposal queued; runway insulated by USDC float.
Next transparency report
Publish Q2 transparency report
Treasury reconciliation + obligations status, signed by ops + counsel.
2026-07-15