Astar Finance Committee
The Astar Finance Committee (AFC) has now been officially approved onchain. This committee is tasked with operating the DAO treasury and maximizing its impact through well-managed, strategic financial operations.
For more context, please refer to the Subsquare proposal and the initial forum discussion.
As the next step, the Astar Foundation will:
- Open the application process for AFC members
- Launch a separate vote to approve member compensation
- Establish legal and operational structures required for AFC activities
AFC member
The AFC will be composed of 5 members with proven experience in finance, treasury management, and investment. Anyone from the Astar Collective can apply.
Key responsibilities:
- Strategic deployment of DAO funds
- Establishment of protocol-owned liquidity and sustainable revenue streams for Astar’s long-term growth
- Design and execution of transparent buyback and burn programs
- Risk management and monitoring of deployed funds
- Preparation of monthly and quarterly financial reports
- Exploration of new opportunities and initiatives with ecosystem and external partners
Strict eligibility and compliance requirements
- KYC will be conducted by the Astar Foundation’s legal team
- Applicants must not reside in, or operate from, US-sanctioned jurisdictions
Operational responsibilities and transparency
- Weekly or bi-weekly sync calls
- Minor reports (monthly): Ongoing initiatives, spending summaries
- Major reports (quarterly): Yield performance, buybacks, strategic shifts, and upcoming focus
- Public disclosure of multisig wallet address: All transactions will be transparently trackable in real time
- Ledger hardware wallets will be provided and unboxed on record
AFC Application Process
Applications are open under this AFC forum category. Any Astar Collective member is eligible to apply.
Timeline
- Apr 24 – May 2: Application window
- Collective members may publicly ask questions to applicants
- Apr 28 – May 6: Candidate review
- The Astar Foundation may conduct interviews or request additional details
- From May 7: Final selection announcement
To apply, submit a post titled:
[AFC Application - YOUR NAME]
Your application should include:
- Full name and timezone
- Relevant experience (finance, treasury, investment, etc.)
- Track record of contributions to Astar or other Web3 ecosystems
- Motivation to join the AFC and goals for your term
- Weekly availability (minimum 5 - 8 hours/week)
- Verified onchain identity on Astar
- Disclosures of any project affiliations or potential conflicts
- Commitment to attend live meetings and operate transparently
For sensitive details that cannot be shared publicly in the forum, please submit them here.
Successful applicants will need to provide their KYC documents to verify their identity and address. These documents are usually required for compliance with regulations and to prevent fraud. Common KYC documents include photo IDs, proof of address, and other supporting documents.
In addition to full members, 1–2 non-voting observers from the Astar Foundation or Astar Agent may be appointed to attend AFC meetings, primarily for alignment and knowledge-sharing purposes.
Compensation
To support the time commitment and responsibilities of AFC members, each full member will receive:
- 800 USD/month in ASTR, paid quarterly
- Calculated using EMA30 of ASTR price on the payment date
- Payments will be made from the onchain treasury via DAO proposal
Performance and Term
- Each AFC member will serve a fixed term of one year, after which a new application and selection process will be initiated
- Inactive or underperforming members may be replaced at the discretion of the Astar Foundation.
- Vacant seats will be refilled through a reopened application process
- The multisig setup and committee structure will be re-evaluated after the first term
The AFC is a major step toward proactive, data-driven, and transparent financial governance in the Astar ecosystem. If you have the experience, commitment, and vision to help shape the future of the DAO treasury, we encourage you to apply.
Let’s Make Astar Great Again!