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Treasury in Franklin
Treasury in Franklin
Megan Knab avatar
Written by Megan Knab
Updated over a year ago

The Treasury in Franklin refers to your organization’s payroll smart contract instance. The Treasury is noncustodial: Franklin does not have access to move funds nor interact with the smart contract in any way. The smart contract treasury is wholly owned and operated by your organization's administrators.

The Treasury is used to fund crypto payments. In order to execute crypto transactions through Franklin, you must first deposit assets into the Treasury through the Franklin interface. Funds should never be sent directly to the Treasury’s address as this can put funds at risk.

For secure interactions with the Treasury, it's recommended to always use the Franklin interface. Although interacting directly with the smart contract directly onchain is feasible, Franklin cannot assure the safety of these direct onchain transactions. This approach should be reserved for experienced users who have a thorough understanding of the contract's details and are comfortable managing the associated risks. To access the Treasury, navigate to the overview page by clicking on Treasury in the navigation bar.

In your Treasury, you can:

  • Approve tokens

  • Deposit funds

  • Withdraw funds

  • View the amount and currency required to fund your payroll

  • View the balance in your Treasury

  • View the Treasury’s transaction history

*Note: if you connect a multisig to manage your Treasury, each token approval, deposit, or withdrawal will require the threshold number of signatures from your multisig signers to execute the transaction.

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