Executive Summary
In line with our commitment to transparency and decentralization, the Moonbeam Treasury Program has now been active for the past 3 years. This report provides an essential overview of the program’s accomplishments and progress during the past six month’s Treasury Council’s 6th term, July - December 2025.
The Moonbeam Treasury Program was officially initiated following the community approval on 19th of October 2022, marking a pivotal step towards fostering a transparent and decentralized ecosystem. In June 2025 the Moonbeam and Moonriver community voted to extend the 5th term of Treasury Council Community members (Extend the Term of the Current Treasury Council Until December 2025 - Governance / Treasury Proposals - Moonbeam Community Forum). The voting on-chain successfully concluded and the following community members were confirmed for the 6th term of the Treasury Council:
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Simon K. (extended term)
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Michele A. (extended term)
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Yaron Z. (extended term)
As Foundation members the following individuals were appointed by the Foundation:
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Aaron E.
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Sicco N.
Further reading on the Treasury on Moonbeam in the Docs’ Treasury section.
Overview
The funded proposals on both the Moonbeam and Moonriver Treasury can be categorized into three major categories:
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Wallet development — Moonbeam Safe Multisig Support
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RPC — High quality RPC infrastructure services for Moonbeam, Moonriver and Moonbase Alpha, incl. bootnodes provisioning
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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.
Moonriver Treasury
The Moonriver Treasury had a total spending of $78.5k during the second half of 2025 (this number was $75.0k during 2025 H1).
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.
Moonbeam Treasury
The Moonbeam Treasury spent a total of $88.5k during the second half of 2025 (this number was $112.6k during 2025 H1).
The distribution in spending highlights the diversity of proposals funded.
Interestingly, RPC quality/cost balance further optimized vs the past, with a significant saving obtained also reducing total number of providers from 3 to 2 (totally we spent 15.7k usd on 2025 H2 while the overall cost on 2025 H1 has been around 58k). One of the main driving forces pushing towards this strategy was the overall market condition.
Subscan Services cost impact was confirmed as the biggest cost among the others and on 2025 H2 we covered the entire amount related to the whole year.
Original quotation provided by Subscan Team about 2025 was around 10.6k usd/month (2024 paid amount was 7.8k usd/month).
After a thorough negotiation, leveraging on the historical partnership existing among our teams and focusing on how to optimize infra costs in a mid-long term perspective, the final quotation agreed was 8.5k usd/month (with the agreement to reach further optimizations about 2026).
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.
During this last term we fine-tuned the previous 60:40 GLMR to MOVR split ratio for payments, updating it to 50:50, considering the positive price action that MOVR token has presented along last months in relation to GLMR price trends.
The Treasury Council is committed to periodically review and update this 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 2,061,714 GLMR and 19,552 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 (80% of fees were burned with the other 20% of transaction fees allocated to the community on-chain treasury). This mechanism was modified on March 13, 2025: with the enactment of MB 101, the percentage of fees burned was increased to 100%.
On the other hand, 30% of MB supply inflation was being directed to the parachain bond reserve (PBR) from network launch until January 22, 2025 when this was reduced to 6% via Moonbeam Referendum #90. The remaining 24% of supply inflation is now directed to the on-chain treasury (80% of PBR inflation, that is around 1.2m GLMR tokens each month flowing into Community Treasury).
From the genesis balance of 5m GLMR and 50k MOVR, the respective treasuries currently (December 2025) hold balances of 14.6m GLMR and 213.8k MOVR. These figures represent an overall growth of 9.6m GLMR and 163.8k MOVR which demonstrates the Treasury Council’s strong commitment to long-term sustainability.
Treasury Balance 6-months development in numbers
2025 June → 2025 December
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Moonbeam: 10.2m GLMR → 14.6m GLMR
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Moonriver: 146.4k MOVR → 213.8k MOVR
The treasuries respective balance can viewed and verified on-chain:
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Treasury Council address on Moonriver:
0x6d6f646c70792f74727372790000000000000000 -
Treasury Council address on Moonbeam:
0x6d6f646c70792f74727372790000000000000000
Despite the remarkable overall cost sustained about 2025 Subscan services (that was significant even after the deep negotiation activities performed along Q4 2025), 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.
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.
In terms of token payouts here below the scenario when comparing 2025 semesters:
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19,552 MOVR (78.5k usd) on H2 vs 10,159 MOVR (75k usd) on H1
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2,061,714 GLMR (88.5k usd) on H2 vs 1,063,137 GLMR (112.6k usd) on H1
The 2025 H2 increase in token payout is totally linked to price action (when we look at USD values on H2 we significantly optimized our costs vs H1).
However, it did not harm the Treasury’s balance sheet as we have been able to significantly accumulate MOVR and GLMR on a six month 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 a max of 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 (period Q4 2025 - Q1 2026), 3 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 OnFinality as the two RPC providers for Q4 2025 - Q1 2026.
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 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.
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.
Stablecoin Payments are near
Our first DCA call was designed to accumulate USDC using 25% of the Treasury’s projected 6-month GLMR inflows (1.8m GLMR) over a 6-month period.
With the execution of Referenda 114 our DCA call started on June 21, 2025, with a daily volume of approximately 9,600 GLMR (2,400 GLMR (3082.5 GLMR!) every 3,600 blocks, roughly every 6 hours at 6-second block times). Daily swapping in the Omnipool ceased on October 11, 2025, when GLMR fell below our lower boundary price of $0.05 USDC per GLMR.
Result:
- USDC accumulated: 92,946 USDC
The accumulated 92,946 USDC will be cross-chain transferred to Moonbeam to enable USDC stablecoin payouts from the Treasury. This transition provides USD-based inflow certainty for proposers, eliminates volatility uncertainty, and is expected to measurably reduce Treasury costs by removing volatility premiums, as outlined in the initial proposal forum post Transitioning the Moonbeam Treasury to Stablecoin payments.
Despite GLMR falling below our lower boundary threshold, we consider this DCA an important success—the transition to stablecoin payments can begin as soon as the USDC transfer is completed in the coming weeks. Stay tuned!
Conclusions
We have seen an increase in total token spending compared to H1 of 2025. Looking into the data however, this is totally linked to the price action of our tokens and, generally speaking, to actual market conditions.
When looking at costs in USD, during this second half we obtained a significant saving vs H1.
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 here below.
Please do not hesitate to reach out to the Treasury Council members @dev0_sik @Michele_Amurri @_yrn @aaron.mbf & @siccomoonbeam individually or simply mention all current Treasury Council members at once with @TreasuryCouncil and participate in any Treasury-related discussions in the forum!