Executive Summary
In line with our commitment to transparency and decentralization, the Moonbeam Treasury Program has now been active for the past 2.5 years. This report provides an essential overview of the program’s accomplishments and progress during the past six month’s Treasury Council’s 5th term, Jan - June of 2025.
The Moonbeam Treasury Program was officially initiated following the community approval on 19th of October 2022 (Interim Treasury Program Proposal | Polkassembly), marking a pivotal step towards fostering a transparent and decentralized ecosystem. In December 2024 the Moonbeam and Moonriver community voted to renew the Treasury Council for another term and allow new members to apply for the community seats in the program.
The voting successfully concluded and the following community members were elected for the 5th term of the Treasury Council:
- Simon K. (extended term)
- Michele A. (extended term)
- Yaron Z. (extended term)
As Foundation members the following individuals were reappointed by the Foundation:
- Aaron E. (extended term)
- Lina K. (extended term)
Further reading on the Treasury on Moonbeam in the Docs’ Treasury section.
(Treasury | Moonbeam Docs)
Overview
The funded proposals on both the Moonbeam and Moonriver Treasury can be categorized into three major categories:
- Wallet development — Moonbeam Safe Multisig Support
- RPC — High quality RPC infrastructure services for Moonbeam, Moonriver and Moonbase Alpha, incl. bootnodes provisioning
- Tooling — Karma Delegate Dashboard; stakeglmr.com / stakemovr.com; Subscan
A public, nicely formatted list containing all proposals alongside relevant info is kept updated by the Council at the time of proposal submission in the MB Foundation’s Treasury repository. (GitHub - moonbeam-foundation/treasury)
Moonriver Treasury
The Moonriver Treasury had a total spending of $75k during the first half of 2025 (this number was $89k during 2024 H2).
USD values reflect the 30-day moving average price value derived from the value and respective amount of MOVR tokens during the agreement with the proposing party – very close prior to proposal submission on-chain in most cases.
Spending per Quarter
Spending per Category
Moonbeam Treasury
The Moonbeam Treasury spent a total of $112.6k in the first half of 2025 (this number was $145.9k during 2024 H2).
Spending per Quarter
Spending per Category
The distribution in spending highlights the diversity of proposals funded, besides the historically major expense of RPC infrastructure.
Interestingly, looking closer at the cost breakdown, the spending percentages of the Moonbeam Treasury across categories are closely related to those of the Moonriver Treasury.
However, unlike the breakdown in previous terms, the Moonbeam Treasury burdened a much greater total amount than the 60:40 GLMR to MOVR split ratio and Treasury burden targets. This is largely related to the delayed Subscan proposal timing (request for 2024 funding arrived on April 2025) which took different expense factors and payouts into account which the Council agreed to address.
The council has asked Subscan team to comply with a new approach for the future (payment every six months, request to be triggered in a timely manner at the end of each Half).
Resource Allocation
The Moonbeam Treasury Program is committed to maintaining equitable resource allocation for the sustainability of our treasuries. The Treasury Council always considers the Moonriver and Moonbeam treasuries as a combined pool for the proposals that serve or benefit both networks.
This prudent allocation ensures the long-term viability of both treasuries and provides fair support to the projects within the Moonbeam ecosystem. In specific instances where applicants exclusively provided benefits or infrastructure to a single network, proposals fully denominated in either GLMR or MOVR were also considered and approved by the Treasury Council.
Following last term’s update of payout on a 60:40 GLMR to MOVR split ratio, the Council maintained that ratio throughout the term as last term’s positive price action of the MOVR token has presented itself to be rather sticky and in sync with the GLMR token for the most part.
The Treasury Council is committed to periodically review and update that payout ratio.
Expense Breakdown
Our current resource allocation strategy places a focus on supporting the vital role of RPC providers in advancing the development and performance of the Moonbeam ecosystem. These providers are instrumental in ensuring the seamless operation of our network and are the cornerstone of our success.
Additionally, a portion of the allocated funds is earmarked for initiatives that serve the common good. This allocation reaffirms our unwavering commitment to projects that are community-driven and benefit the broader ecosystem.
The Treasury Council has laid out a semi-annual budget of 751,695 GLMR and 7,855 MOVR from the respective treasuries to sustain our ongoing efforts. Furthermore, we supplement this budget with monthly contributions from the Orbiter program, enhancing our capacity to support key initiatives. Moreover, the unutilized budget from the previous quarter is rolled over to the following period.
The Moonbeam and Moonriver Treasuries were each pre-funded at launch with 0.5% of the token supplies and have been accumulating GLMR and MOVR from an approximate 20% portion of transaction fees, respectively.
Starting from January 2025 on top of this we have the new income coming from 80% of PBR inflation (around 1.15m GLMR tokens each month).
From the genesis balance of 5m GLMR and 50k MOVR, the respective treasuries currently hold balances of:
- 10.2m GLMR
- 146.4k MOVR
These figures represent an overall growth of 5.2m GLMR and 96.4k MOVR which demonstrates the Treasury Council’s commitment to long-term sustainability.
Treasury Balance 6-months development in numbers:
The treasuries respective balance can be viewed and verified on-chain:
- Treasury Council address on Moonriver:
0x6d6f646c70792f74727372790000000000000000(Subscan | Moonriver Account Details) - Treasury Council address on Moonbeam:
0x6d6f646c70792f74727372790000000000000000(Subscan | Moonbeam Account Details)
Despite the very significant retroactive payout for services delivered in 2024 by Subscan which marks a heavy outlier to the upper bound in the average spending corridor of the Treasury’s previous spending, overall Treasury balances have not decreased during the past 6-months term but have in fact significantly increased which we consider an overall success in sustainable Treasury management.
Summary
To sum up, the Treasury Council’s commitment to the long-term success of the program is evident through our conscientious budget management. We had consistently kept our expenditure well below budget in previous terms while still funding key contributors to the ecosystem.
Due to the large-scale retroactive funding combined with price action along past months, we have spent more than budgeted initially considering 2024 H2 figures:
- 10,159 MOVR spent vs. 7,855 MOVR budgeted
- 1,063,137 GLMR spent vs. 751,695 GLMR budgeted
The 2025 H1 increase in token payout (linked to price action) however did not harm the Treasury’s balance sheet as we have been able to significantly accumulate MOVR and GLMR on a six months basis regardless. This reflects our dedication to the sustainability and growth of the Moonbeam ecosystem.
Funding RPC Providers
Our previously updated award policy for RPC providers had already proven successful and was therefore kept as is. This policy limited the RPC provider expense to 35% of the budget for each designated period with the aim to give smaller, agile operators a chance to join at competitive price tags and to force larger RPC providers with proven track records to propose funding at more competitive price tags.
In response to our call for RPC proposals about the period Q2-Q3 2025 (Call for Proposals — 2024 Q4 + 2025 Q1 RPC Services), five teams stepped forward with their proposals:
The Treasury Council then initiated a rigorous evaluation to determine which teams were best suited to receive funding.
Following the evaluation process, the Treasury Council collectively selected UnitedBlock and Dwellir as the two RPC providers for Q2-Q3 2025.
The fact that we agreed to select and fund a total of two RPC providers instead of three underscores the capability of the Treasury to adapt and realign strategies based also on the market conditions and the statistical data available in terms of RPC usage/adoption from community users, optimizing final economic effort while keeping the high performing RPC infrastructure required for our vibrant ecosystem, negotiating with providers and creating a competitive environment among RPC teams with market forces in play to make the best and most efficient providers emerging successful.
We’ve been monitoring performances using comparenodes.com (https://www.comparenodes.com/) and evaluating proposals for factors such as continental decentralization, latency, availability, redundancy, eth_getLogs method inclusion, overall track record and effective price point. To learn more about the selection criteria read here (Q2/Q3 RPC Service Provider Treasury Proposals - #37 by mtca).
The Treasury Council continued to use the updated funding model for RPC providers which was previously shifted to an upfront model with an agreed-upon payout. This has been shown to significantly reduce costs compared to the previous arrangement and leads to better spending plannability for the Treasury Council.
We believe that our RPC funding management once again successfully achieved its objectives by reducing expenses, involving the community in the decision-making process via the forum and enabling the Treasury Council to select providers that best align with the networks’ long-term stability, decentralization and the Treasury’s sustainability.
New Program: Transitioning the Moonbeam Treasury to Stablecoin Payments
As part of our ongoing commitment to have a strong & resilient Treasury management ensuring for every change the full ecosystem & community engagement, the Treasury Council triggered an ambitious program:
Introduction of Stablecoin Payments.
- WHAT: Implement a Dollar-Cost Averaging (DCA) strategy to convert a portion of GLMR tokens into USDC stablecoins for real-world fiat payments.
- HOW: Use Hydration Network’s Omnipool and Substrate’s XCM capabilities to begin with 25% of inflows, including a $0.05 GLMR price floor as safeguard.
- WHY: This initiative aims to reduce total token expenditure, improve budget predictability, minimize volatility-related overhead, introduce Treasury diversification, minimize market impact. All in all, this change will improve MB Treasury robustness and resilience!!!
- COMMUNITY CALL: Treasury Council is calling MB Community to action, Referendum 114 is live (apps.moonbeam.network/moonbeam/referendum/114)
- Expected Benefits: Reduce GLMR expenditure and volatility, Increase financial predictability for the ecosystem, and diversify Treasury holdings with a stablecoin (USDC.AH) through a 6-month DCA (dollar-cost averaging) process.
- Timings: This New Program will start as soon as Referendum 114 is passed.
Further details available at related forum discussion (Proposal: Transitioning the Moonbeam Treasury to Stablecoin Payments)
CONCLUSIONS
We have seen a significant increase in total token spending compared to H2 of 2024. Looking into the data however, this is mainly due to price action combined with the retroactive funding request of Subscan for 2024 which arrived with significant delay (april 2025). This spend accumulates four quarters in total and had greater impact due to lower token prices. We agreed to sustain this burden considering how much Subscan brings fundamental value to the ecosystem. To improve the process we asked them to comply with new rules for the future, obtaining their clear commitment.
The Moonbeam Treasury Council remains steadfast in its dedication to the core principles of transparency and efficiency that underpin the Moonbeam Treasury Program. We value the input and feedback from our community as it significantly influences the future trajectory of the program.
To join the conversation please share your suggestions, demand clarifications or just leave a comment down below.
Please do not hesitate to reach out to the Treasury Council members
@dev0_sik @Michele_Amurri @lina.k.m @aaron.mbf & @_yrn individually or simply mention all current Treasury Council members at once with @TreasuryCouncil and participate in any Treasury-related discussions in the forum!!!