vlPEAS Treasury
60% of all LVF-related Protocol revenue and is allocated to the vlPEAS Treasury, which is owned and governed by vlPEAS holders.
The remaining 40% is directed toward protocol operations, infrastructure costs, and growth initiatives.
Treasury Mandates
The vlPEAS Treasury is governed by three core requirements, ensuring consistent capital alignment and protection:
Buy & Burn $PEAS
≥5% of total protocol revenue
Buy & Burn vlPEAS
Up to 55% of revenue (governance-adjustable)
Insurance Reserve
Maintain ≥$200,000 as a reimbursable pool for Meta-Vault bad debt
If the Insurance Reserve ever falls below $200,000 then a minimum of 10% of all incoming revenue is redirected to refill it until the threshold is restored. Governance may vote to increase these thresholds, but they can never be lowered below $200,000 or 10% respectively.
This structure ensures:
vlPEAS appreciates over time through supply reduction
Treasury capital is used defensively to protect depositors
Governance maintains flexibility while respecting core safeguards
The vlPEAS governance and Treasury system transforms protocol participation into an aligned, value-generating flywheel through:
No lockups, governance weight is live and proportional to vlPEAS held
Revenue-backed yield, derived from real usage-based protocol revenue
Mandatory capital flows to buybacks, burns, and safety reserves
Full on-chain control by vlPEAS holders over MetaVaults and vlPEAS Treasury decisions
Through this structure, vlPEAS holders become both governors and beneficiaries over various aspects of the Peapods Protocol.
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