Dear Cryptex Community,
DAO contributors would like to provide an update on our progress since the approval of the 2025 operating expenditures proposal. For a full overview of the original proposal and supplemental funding, please reference the posts below:
• 2025 Operating Expenditures Proposal Operating Expenditures 2025
• Supplemental Treasury Transfer – Q2 2025 Supplemental Treasury Transfer to Sustain Q2 2025 Operations
Progress & Accountability
We’ve managed Q1 and Q2 budgets within the allocated amounts. You can track actual expenditures via the following public resources:
• Monthly Contributor Summary Sheet Monthly Burn Rate - Google Sheets
• Brand Expenses 2025 CIP-33 Brand Budget - Google Sheets
• Operations Expenses 2025 CIP-33 Operations Budget - Google Sheets
• Regulatory, Advocacy & Public Affairs 2025 CIP-36 RAPA Budget - Google Sheets
Tying Budget to Mission
As the DAO continues to build, we are also advancing Cryptex’s broader strategic goals, particularly around institutional access to decentralized finance. This includes:
• Ongoing engagement with U.S. Congressional leadership and regulatory stakeholders
• Development of CRYPTO40: a fully tokenized, compliant index product designed for institutional allocators
• Integration with Chainlink, Gemini, Coinbase Custody, and other infrastructure partners to meet fiduciary and custody standards
These efforts position Cryptex as a key protocol in the next evolution of decentralized financial products. Bridging regulated markets with tokenized index infrastructure.
Q3 + Q4 Treasury Transfer Summary
To maintain operational continuity and momentum across these initiatives, we propose the following treasury transfer:
• 418,500 CTX (Total Transfer)
• 385,000 CTX – Operational Expenditures (Q3 + Q4)
• 33,500 CTX – H1 2025 Full-Time Contributors & Advisor Token Allocations
• View Allocation Breakdown Full Time Token Allocation - Google Sheets
Transfer Destination:
All funds will be moved to the DAO’s operating multisig for structured distribution:
0xa70b638b70154edfcbb8dbbbd04900f328f32c35
Next Steps
We invite you to review, discuss, and vote on this proposal to approve the Q3 + Q4 Treasury Transfers.
Your participation directly supports the DAO’s ability to deliver on its mission, from protocol improvements to institutional infrastructure. Let’s keep building. Cryptex is just getting started.
— The Cryptex DAO Contributor Team