THE SHERWOOD TREASURY POLICY

One page. The rules the keys live by. · v1.1 · July 2026

Status: DRAFT — becomes binding the day the multisig addresses are published on merrymenhood.net. Companion to The Sherwood Oath §05 and §01; if the two ever disagree, the Oath governs.

This is a living document. Outside the on-chain facts and the one target date (the Handshake live around August 3rd, 2026 — a target, not a promise; the audit is the real gate), the policy is shaped by the band — changed only in the open, announced, and versioned. Say your piece in the camp.

Before the multisig — the bootstrap (where we are today)

The Treasury described below is the fee-funded multisig war chest. It does not exist yet. Today we are pre-multisig: the community wallet currently lives on fomo.family, and every wallet the team holds is disclosed.

While we bootstrap toward the multisig, one honest exception to the never-sell rule applies — and only here:

A small founding allocation, held in the disclosed pre-multisig wallets, may be sold — minimally, and only when required to fund production: the audit, listings, music, tooling.
Every such sale is announced in advance, in the camp and on X. No quiet sells, ever. No selling into the community's own bids without notice.
The moment the multisig Treasury goes live, this exception closes — the never-sell rule (below) governs, absolutely and forever.

The keys

The treasury is a 3-of-5 multisig held by elected members of the Council of the Oak — active, long-standing community members with published (doxxed or reputation-staked) identities, geographically spread. No single person can move a token. No two people can, either.

What	Where
Treasury multisig	published at launch
Signer set	5 named signers, published at launch
Everything it holds	Public on `robinhoodchain.blockscout.com`, permanently

The three house rules (enforced by code, not committee)

Everything we build charges its fee in $MERRYMEN.
Half of every fee burns, automatically. No vote, no discretion, no mood.
The treasury never sells $MERRYMEN. Ever.

The rules of movement (enforced by these humans, in public)

Announce first, move second. Every outgoing transaction is posted in the Telegram camp and on X at least 48 hours before it executes. The only exceptions are the automatic burns — code needs no permission.
Votes execute in 72 hours. A passed Merry Picks vote is executed by the multisig within 72 hours, or the Council publishes its reasoning in full.
No bag gets heavy. No single allied token position may exceed 10% of total treasury value at the time of purchase (limit adjustable only by Merry Picks vote).
Allies are never dumped on. Fellowship Bag exits happen only by governance vote, with public notice, never against a pact partner's community.
Emergencies take four keys. Any action outside these rules requires 4-of-5 signatures and a public post-mortem within 72 hours.

The sleeves — where the war chest sits

Sleeve	Holds	Job
The War Chest	USDG in Robinhood Chain's insured Morpho lending market	Yield pays for listings, audits, production — fund work without selling anything
The Sheriff's Gold	Tokenized Stock Tokens, headlined by tokenized $HOOD	Diversification with a punchline: the Merry Men hold the Sheriff's gold
The Fellowship Bags	Allied tokens — pact positions time-locked via RobinFlow, plus the quartermaster's cut of Tribute	Diplomacy you can verify
The Deep Green	Protocol-owned liquidity, locked via RobinFlow: the home $MERRYMEN/WETH pool plus co-seeded realm pairs (ALLY/$MERRYMEN)	The home pool gets deeper; allied liquidity gets priced in our coin. Each realm-pair co-seed obeys the 10% cap in rule 3

Will / won't

The treasury will: publish every address; announce every movement; hold allied bags as promised; deepen $MERRYMEN liquidity; fund work.

The treasury won't: sell $MERRYMEN (the multisig Treasury, once live, never sells — the only exception is the pre-multisig bootstrap above, which closes the day the multisig opens); pay for shilling, engagement, or influence; distribute profits to anyone; hold anything the community didn't vote for or the policy doesn't name.

Reporting

Weekly — the Herald's State of the Forest: balances, movements, locks, burns, all linked on-chain.
Monthly — the Council's deep-dive: what moved, why, and what's next.

Proposed — the public program wallets (under discussion in the band)

An idea raised by early holders, recorded here so the camp can weigh in: a set of public, labelled wallets, each holding ~2% of supply, each with one clear job. Marked proposed — nothing here is committed until the band agrees.

Wallet	Job	Note
Meme & Culture Contests	Rewards for the best memes, clips, and art made for the camp	On-thesis: we already prize creation (Almanac, §04)
Deeds & Participation	Rewards for genuine contribution — the Ledger of Deeds: raids joined, recruits who stayed, Spaces hosted	Reframed from "engagement contest." It rewards what people do and make, never post-counts or paid promotion — paying for engagement is the one thing the moat (§02) forbids
Holder Airdrops	Periodic drops to loyal $MERRYMEN holders	Rewards holding, not flipping

Open question for the camp — funding. Supply is fully circulating (no team bag exists to earmark), so these wallets would be filled either by a transparent community buy now, or over time from the Treasury's retained, never-sold $MERRYMEN (the half of fees the war chest keeps). That choice is the band's to make.

The sunset clause

This policy is the Phase 1–2 bridge. At Phase 3 the Sherwood Vault takes the treasury's mechanical core on-chain — votes queue swaps behind a public timelock, executable by anyone — and "trust the five" retires in favor of "verify the contract."

$MERRYMEN is a memecoin. This document is an operating policy, not investment advice, and promises no profit to anyone. Verify every claim on-chain.