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https://warpcast.com/~/channel/syndicate
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Syndicate
@syndicate
Most networks publish token updates. Few open their books. Today, the Syndicate Network Collective (DUNA) published its Q3 2025 financials—the first full, accrual-basis report from a decentralized network operating under U.S. law. A new standard for transparency. ↓
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Syndicate
@syndicate
The Syndicate Network Collective governs the SYND treasury through active participation—voting, delegation, and proposal submission. Only members who contribute directly can shape treasury use, ensuring decisions reflect those building and sustaining the network itself.
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Syndicate
@syndicate
The DUNA elected to be treated as a U.S. C Corporation for tax purposes—establishing clear obligations and standardized reporting. Financials are prepared by Cowrie – Administrator Services LLC using accrual and fair-value accounting, reflecting true economic activity across the network.
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Syndicate
@syndicate
As of September 30, 2025, the DUNA held 267,162,157 SYND tokens and $285,000 in cash on hand. Key expenses this quarter included legal setup, governance operations, and infrastructure R&D.
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Syndicate
@syndicate
Beyond holdings and expenses, the DUNA’s Q3 financials detail deferred tax liabilities on unrealized SYND gains, formal income recognition policies, and category-level breakdowns for operations, legal, and ecosystem funding—transparency rarely seen in crypto governance.
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Syndicate
@syndicate
A community-owned internet must be more than open—it must be accountable. By applying established accounting standards to onchain activity and publishing those results openly, the DUNA sets the benchmark for what transparent, responsible network governance should look like.
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Syndicate
@syndicate
Read the full Syndicate Network Collective Q3 Financials ↓ https://www.syndicatecollective.org/info
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Syndicate
@syndicate
Read the blog post ↓ https://syndicate.io/blog/syndicate-network-collective-q3-2025-financials
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