2025 Operating Expenditures Treasury Transfers for Q3 + Q4

Proposals
1

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

2

gm Cryptex Community,
After reviewing the 2025 Q3/Q4 Operating Expenditures Proposal and Joe’s detailed response to delegates on Discord, I’ve decided to vote in favor of the 400K CTX treasury transfer—but this will be the last time I support using CTX to fund expenditures.

While I appreciate the progress, regulatory alignment, and year-end deliverables outlined, the repeated sale of CTX risks diluting the community’s stake and impacting long-term holders.
Moving forward, I believe we need to explore alternatives like OTC deals with aligned investors to preserve CTX value and strengthen our DAO. I’m looking forward to discussing this in the upcoming call and pushing for regular updates (e.g., community calls or blog posts) to track progress transparently. Let’s ensure our path forward prioritizes the community’s investment while delivering on vision.

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