This Hook, carefully developed and reviewed by our team and governance participants, enables a controlled monthly unlock of up to 2 million XAH, overcoming traditional Escrow limitations and showcasing the power of Hooks.
The open-source code for this Hook is available for community review, underscoring our dedication to transparency and allowing us to focus on meeting key ecosystem milestones.
The primary reason behind this lock-up is to ensure a predictable supply and to lead by example, showcasing that XRPL Labs is fully committed to the long-term success of its efforts on both Xahau and the XRP Ledger.
We’re taking the lead and showing that we have no intention of undermining the confidence in the ecosystem’s growth.
You might wonder why we're not using the standard Escrow feature for our lock-up. While traditional Escrow is useful, it doesn't suit our needs because it removes the balance from the account's root balance.
So, we've opted for a custom solution that is possible only thanks to Xahau's technology: a Hook specially designed to manage the Treasury account.
The Treasury Hook is open-source, explore it here: https://github.com/Xahau/TreasuryHook
Here's how it works:
By using this Hook, we address the limitations of traditional Escrow and demonstrate the power and flexibility of Hooks technology within the ecosystem.
Here’s how the system will work:
Important to note that the Treasury Hooks are set once and for all—there’s no going back.
The Treasury account will still be eligible for balance adjustment claims, but these will be automatically forwarded to the governance account to support ongoing initiatives.
The Hook controlling the Treasury account has strict parameters:
Security and Transparency: The Treasury account is designed to perform only two functions: an adjustment claim or the once-per-period unlock to the governance account. The Hook itself is locked, ensuring that once in effect, no changes can be made to the logic.
This system results in a predictable supply, reducing free-flowing tokens and creating a stable and healthy environment for all participants. By keeping the supply predictable and transparent, we aim to instill confidence in the market that the availability of native network assets won’t be subject to sudden, unexpected changes in supply.
XRPL Labs is committed to locking up 125mm XAH at the start with a monthly unlock set at a maximum of 2mm XAH.
We are launching an Accountability Dashboard to further strengthen our commitment to transparency. This live dashboard will allow the community to:
This dashboard will provide full visibility into how XAH is managed and ensure that all market participants have access to the same information.
See the treasury live at: https://xahau-treasury.xrpl-labs.com/
We believe this lock-up approach should become a best practice across the Xahau governance ecosystem.
We’re encouraging other governance participants to implement similar strategies to ensure stability and predictability in the XAH market.
We’re testing this system internally, and once the audit is complete, we will announce it formally with the launch of the Accountability Dashboard.
By locking up a significant portion of XRPL Labs' XAH and creating a transparent, controlled release mechanism, we are aligning ourselves with the long-term goals of Xahau’s success.
Our commitment to accountability, transparency, and predictability is essential for building trust in the Xahau ecosystem, and we believe that this lock-up is a crucial step in maintaining that trust.
We’re excited about this journey and look forward to seeing the positive impact of this initiative. Stay tuned for more updates as we roll out the Accountability Dashboard and continue to build the future of Xahau.
We invite you to dive deeper and explore the Hook code yourself. Visit the Xahau GitHub repository at https://github.com/Xahau/TreasuryHook to review the open-source code that powers our Treasury account management.
This Hook, carefully developed and reviewed by our team and governance participants, enables a controlled monthly unlock of up to 2 million XAH, overcoming traditional Escrow limitations and showcasing the power of Hooks.
The open-source code for this Hook is available for community review, underscoring our dedication to transparency and allowing us to focus on meeting key ecosystem milestones.
The primary reason behind this lock-up is to ensure a predictable supply and to lead by example, showcasing that XRPL Labs is fully committed to the long-term success of its efforts on both Xahau and the XRP Ledger.
We’re taking the lead and showing that we have no intention of undermining the confidence in the ecosystem’s growth.
You might wonder why we're not using the standard Escrow feature for our lock-up. While traditional Escrow is useful, it doesn't suit our needs because it removes the balance from the account's root balance.
So, we've opted for a custom solution that is possible only thanks to Xahau's technology: a Hook specially designed to manage the Treasury account.
The Treasury Hook is open-source, explore it here: https://github.com/Xahau/TreasuryHook
Here's how it works:
By using this Hook, we address the limitations of traditional Escrow and demonstrate the power and flexibility of Hooks technology within the ecosystem.
Here’s how the system will work:
Important to note that the Treasury Hooks are set once and for all—there’s no going back.
The Treasury account will still be eligible for balance adjustment claims, but these will be automatically forwarded to the governance account to support ongoing initiatives.
The Hook controlling the Treasury account has strict parameters:
Security and Transparency: The Treasury account is designed to perform only two functions: an adjustment claim or the once-per-period unlock to the governance account. The Hook itself is locked, ensuring that once in effect, no changes can be made to the logic.
This system results in a predictable supply, reducing free-flowing tokens and creating a stable and healthy environment for all participants. By keeping the supply predictable and transparent, we aim to instill confidence in the market that the availability of native network assets won’t be subject to sudden, unexpected changes in supply.
XRPL Labs is committed to locking up 125mm XAH at the start with a monthly unlock set at a maximum of 2mm XAH.
We are launching an Accountability Dashboard to further strengthen our commitment to transparency. This live dashboard will allow the community to:
This dashboard will provide full visibility into how XAH is managed and ensure that all market participants have access to the same information.
See the treasury live at: https://xahau-treasury.xrpl-labs.com/
We believe this lock-up approach should become a best practice across the Xahau governance ecosystem.
We’re encouraging other governance participants to implement similar strategies to ensure stability and predictability in the XAH market.
We’re testing this system internally, and once the audit is complete, we will announce it formally with the launch of the Accountability Dashboard.
By locking up a significant portion of XRPL Labs' XAH and creating a transparent, controlled release mechanism, we are aligning ourselves with the long-term goals of Xahau’s success.
Our commitment to accountability, transparency, and predictability is essential for building trust in the Xahau ecosystem, and we believe that this lock-up is a crucial step in maintaining that trust.
We’re excited about this journey and look forward to seeing the positive impact of this initiative. Stay tuned for more updates as we roll out the Accountability Dashboard and continue to build the future of Xahau.
We invite you to dive deeper and explore the Hook code yourself. Visit the Xahau GitHub repository at https://github.com/Xahau/TreasuryHook to review the open-source code that powers our Treasury account management.