This proposal establishes the Compound Treasury Management Program (TMP) and deploys the on-chain infrastructure required to consolidate and manage protocol treasury assets under the oversight of a newly constituted Treasury Management Committee (TMC).

Upon execution, this proposal:

1. Withdraws deprecated V2 reserves (~$18.95M) to Treasury Escrow.
2. Transfers Aera vault ownership (~$28.21M) from the Governor Timelock to Treasury Timelock.
3. Transfers Avantgarde vault ownership (~$3.8M) from the Governor Timelock to Treasury Timelock.
4. Withdraws V3 surplus reserves (~$6.94M) above the reserve floor to Treasury Escrow.

All withdrawals from Treasury Escrow are subject to a 2-day cooldown before execution, a 7-day expiration window, and Safeguard cancellation rights. The Treasury Timelock enforces a 2-day minimum delay on governance-level operations. Both contracts have been audited by ChainSecurity and Certora.

Audit

Treasury manager has been audited by Certora and the report can be found here.

Full proposal details, fund source methodology, on-chain controls, and TMC composition: Establishment of Treasury Management Program and Treasury Management Committee.