# Finance The backbone of a DAO is its smart contract. The contract defines the rules of the organization and holds the group's treasury. Once the contract is live, no one can change the rules except by a vote. If anyone tries to do something that's not covered by the rules and logic in the code, it will fail. And because the treasury is defined by the smart contract too that means no one can spend the money without the group's approval either. ## Income #### Collats Minting The main source of income comes from the issuance of Collats token. There is an adjustable fee of 0.9% for minting the Collats token. #### AUM Reinvestment TBD #### NFT Vault For the foreseeable future is not considered but a withdraw fee could be added to each transaction. #### Loan Variable interest rate depending on loan term. #### Auction TBA #### Insurance TBA #### Liquidations TBA #### Marketplace 0.3% transaction fee ## Expenses #### Fixed Backend Infrastructure #### Variable Collaborators --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.collats.com/collats-dao/finance.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.