Treasury delegation
Controlled bootstrap collateral with an operator buy-out path.
Purpose and access
Treasury delegation lets a treasury chosen by governance back your Business Validator role with ASSET. It is a controlled facility to help new operators start. It is not a public market where any token holder can delegate to an operator. The delegation actions are in the dashboard's Operations list.
Delegation works only when all of these are true:
- a global setting enables it
- a treasury address is configured
- you give Treasury delegation consent for the role
- your validator state is eligible
On Real Testnet, delegation is turned off (DELEGATION_ENABLED is 0).
Ownership and responsibility
Treasury collateral and your own collateral both count toward the account's capacity, but each keeps its own owner. When the treasury delegates funds, it does not take over your signing authority or your business responsibilities.
The treasury can back an account in full. If you have no self-stake, you have no direct capital to lose in a slash (a penalty that takes collateral); the treasury carries that exposure. The protocol divides rewards by collateral ownership, weighted by how long each position has been posted. So if the treasury funds the whole account, you do not earn staking rewards just for running it.
Buying out the treasury
With Buy out treasury stake, you pay ASSET to convert active treasury positions into your own stake at par. The collateral stays posted and keeps its age. This changes ownership and future reward allocation without a withdrawal and new deposit.
You cannot buy out while an applicable dispute is open or a provisional reservation is in place. Treasury positions that are already unbonding are exiting, and you cannot buy them out through this path.
Loss and exit
Your self-stake takes losses first, and treasury collateral takes them next. Both owners can lose capital. Treasury backing is not protected principal.
When the treasury exits, the protocol immediately removes the exiting amount from posted capacity. This can reduce your health. The funds then wait out the configured unbonding period and stay exposed to losses until release. Your own withdrawal path is different. It keeps its requirement, reservation, and lifecycle checks.
Delegated collateral does not itself give dispute or governance voting weight. To move treasury support to another operator, the treasury must exit and delegate again. The old position's age does not carry over to the new account.
Before you rely on the facility
Check the current settings, including pending liabilities and the release path. How losses are assigned across changing positions can change between releases. A treasury allocation exists only when a confirmed deposit shows it.