> For the complete documentation index, see [llms.txt](https://docs.glue.net/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.glue.net/white-papers/white-paper-governance/governance-and-treasury-management.md). # Governance and Treasury Management ### The Glue Approach to Fundraising Glue's primary goal is to achieve capital efficiency, raising only the amount of money necessary to reach each developmental milestone and ensuring that funds are spent judiciously. This approach contrasts sharply with the prevalent trend in the crypto industry, where projects often raise absurd amounts of money from venture capitalists (VCs) simply because they can. While such funding can provide immediate financial support as well as increases in short term token prices, it near inevitably leads to long-term problems, including misaligned incentives, concentrated control, and market instability as large token holders seek to sway elections for their own benefit and exit their positions. At Glue, we are committed to avoiding these pitfalls by advancing a broadly distributed token ownership. Our fundraising strategy is designed to support this commitment. By focusing on incremental capital raises, we ensure that every dollar is used effectively and efficiently, avoiding the pressures and risks associated with overfunding. In essence, Glue's approach to fundraising is about more than just securing capital; it's about building a sustainable, decentralised, and resilient ecosystem. By raising funds incrementally and ensuring a fair distribution of tokens, we are setting the stage for long-term success and stability. This careful and strategic approach to capital management underscores our commitment to creating a truly decentralised financial system that can achieve widespread adoption and deliver on the transformative promise of blockchain technology. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.glue.net/white-papers/white-paper-governance/governance-and-treasury-management.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.