Olympia Treasury

1. ECFP draft submitted to ECFPRegistry (5 min review period)

2. Maintainer activates draft → Governor proposal created

3. Governance vote (100 blocks, ~22 min on Mordor)

4. Proposal queued in TimelockController (1 hour)

5. OlympiaExecutor checks sanctions (Layer 3), calls Treasury.withdraw()

6. Treasury releases funds to recipient

The treasury is a pure Solidity contract with an immutable executor address set at deployment. There are no admin functions, no roles, and no upgrade path : the executor address can never be changed.

Only two functions exist: withdraw(to, amount) (callable only by the immutable executor) and receive() (accepts donations from any address).

The Executor is called by the TimelockController after a proposal passes the full governance pipeline. The execution path is:

Governor → Timelock → Executor → Treasury.withdraw()

Layer 3 sanctions check: The Executor verifies the recipient is not on the sanctions list before calling Treasury.withdraw(). If sanctioned, the withdrawal reverts and funds remain safe.