Stack another layer on top of the treasury: small, flexible—large amounts, voting. This structure really looks like a hybrid of multi-signature and a DAO; we’ll see how quickly it can be rolled out.

Dash Launches Dash Ecosystem Fund (DEF) to receive and allocate funds to promote ecosystem implementation. The fund is jointly managed by long-term community members from Dash Core Group, Dash Growth, DIF, CrowdNode, and other sponsors. Funding sources include donations, DApp revenue, treasury surpluses, and external grants; small amounts are decided internally, while larger amounts require DAO voting. DEF complements the existing decentralized treasury and Dash Investment Fund (DIF), operating in parallel. Dash has announced donation chain addresses (Dash, Ethereum, Bitcoin) for external donations to DEF.