> For the complete documentation index, see [llms.txt](https://messier.gitbook.io/catalogue-de-messier/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://messier.gitbook.io/catalogue-de-messier/messier-dao/treasury.md).

# Treasury

Virgo's Treasury

**Virgo's immutable treasury collects service fees from users of the Messier applications and can hold any ERC-20 token in unlimited quantities.** The only exception is ETH, which is **capped at 87** to keep the protocol in balance.

**Value above the 87 ETH cap goes to a buy-and-burn of M87.** This happens at the end of each investment cycle, when Supernova sells the cycle's investments for ETH. Staking rewards are paid first, and anything left above 87 ETH buys M87 on the market and burns it, creating ongoing deflationary pressure. See Buyback & Burn.

### Where treasury revenue comes from

| Source                      | Fee to the treasury                                      |
| --------------------------- | -------------------------------------------------------- |
| P2P Exchange                | 1% platform fee on trades                                |
| Horizon                     | 0.3% deposit fee                                         |
| Messier Objects NFT resales | 4% of every resale                                       |
| InterLink private routing   | Routing fees (an extra treasury revenue layer)           |
| Other Messier applications  | Application service fees                                 |
| Team treasury injections    | For example, 50 ETH injected by the Messier team in 2025 |

### Treasury snapshot

| Item                            | Value (23 Sep 2026) |
| ------------------------------- | ------------------- |
| Total investment volume to date | 257.52 ETH          |

Live figures: [Virgo dashboard](https://virgo.messier.app) · [Dune dashboard](https://dune.com/messier/virgo)