{"id":"2887ah7Xyr0","title":"Behind The Code - Episode 1 - NEAR Treasury","description":"Behind the Code – The Story of NEAR Treasury\n\n🚀 Welcome to the first episode of Behind the Code! I’m Joe from DevHub, and in this episode, we’re diving into NEAR Treasury – a decentralized treasury management tool built by the NEAR DevHub team.\n\nThis tool started as an internal project for managing funds within NEAR but has now become a full-fledged product for DAOs, grant recipients, and decentralized teams. In this episode, we’ll explore:\n\n📌 What You’ll Learn:\n✅ The Problem – Why DAOs and teams struggle with managing funds\n✅ The Solution – How NEAR Treasury simplifies decentralized fund management\n✅ Technology Stack – How it leverages BOS, Web4, and Sputnik DAO v2\n✅ Development Process – How the team built, iterated, and improved the product\n✅ Live Demo – How to set up a treasury and manage funds securely\n\n👨‍💻 Featuring Interviews With:\n🔹 Peter  – NEAR ecosystem OG & developer\n🔹 Megha – Frontend developer on NEAR Treasury\n🔹 NEAR Dev Team – The team behind the product\n\n💡 Why This Matters?\nManaging a decentralized treasury is complex, requiring transparent payments, multisig approvals, and clear tracking of funds. NEAR Treasury solves these challenges by offering an intuitive UI, customizable governance, and full decentralization using Sputnik DAO v2.\n\n🔗 Try NEAR Treasury:\n🌐 neartreasury.com\n\n🛠 Tech Used:\n🚀 BOS (Blockchain Operating System) → For deploying UI components\n🌍 Web4 → Serve a webpage directly from a smart contract\n🔄 Sputnik DAO v2 → Secure, decentralized voting & fund approvals\n🔗 Near Blocks API → Transaction history tracking\n🔍 Multi-Sender & Lockup Contracts → For enhanced fund management\n\n📢 Upcoming Episodes & Content:\n⚡ Building AI-Powered Smart Contracts → New trends in automation\n⚡ How to Launch a Decentralized App on NEAR → From idea to deployment\n⚡ Deep Dive into Web4 → How to host full-stack apps on-chain\n\n👉 What are your thoughts on decentralized treasury management? Drop a comment below!\n\n#BehindTheCode #NEARProtocol #DecentralizedFinance #CryptoTreasury #Web3Development #OpenWeb #Blockchain #DAOs #NEARTreasury","channel_name":"NEAR DevHub","published_at":"2025-03-06T00:00:00.000Z","thumbnail_url":"https://img.youtube.com/vi/2887ah7Xyr0/hqdefault.jpg","transcript_text":"welcome to the first episode of behind the code I'm your host Joe from devhub I'm excited about this first episode because we're going to talk with the near Dev in-house team that built treasury dashboard this product was built in-house for internal needs is now becoming a full-fledged product here in the near ecosystem we're going to talk to the product owner and some developers about the process of coming up with this idea about actually building the product technolog is leveraging and how it's using near to execute on its ideas so let's go behind the code one of the problem that we saw is that many Dows and small teams that have a budget need an easy way to manage and distribute their funds and they're often complex processes when it comes to approving and distributing payments there are multiple steps and tools involved as well as stakeholders which can make it difficult to track everything in a transparent way with near treasury you can easily collaborate with your team track the progress of payment activities and keep your treasury secure it is fully decentralized and open source just a little bit of history that uh there was a Sputnik Dow a more generic uh smart contract that allows you to to be very flexible was again the very solid foundation um for building Dows which is fairly simple in in on the concept level it's a contract that records the proposals can list the proposals and can uh you you you can Define the rules how how and who can vote for the proposals that is what the contract does and we leverage just a subset of Sputnik Dow but we wanted to to make it really simple uh to use and that is that was the original goal my name is Peter salmonson I've been in the near ecosystem since the very beginning my kind of way into this was through this project I have called the web Assembly Music for the treasury tool this is uh a management tool of funds this is a plan for making sure that these funds are distributed to whoever have been contributing to the ecosystem in some way that they that we have a tool for managing all the funds that have been applied for that they want to get a compensation so I'm migga I am working with devop for almost one year now I am a frontend developer so I majorly work on their portal they can customize their own theme their own coloring their own Pages whichever they want they can even add more features by accessing their boss widgets so it's all in their hands we are not controlling anything we'll just give them a basic template which they can access and then they can go ahead from there so what we found over the last couple years is that we've been trying to manage a budget and work in a decentralized way with a lot of contributors and it's actually really hard to make payments as a team because you need to make sure that there are the right levels of permissions in place and a lot of existing tools out there make that process really difficult so we found that we our team was experiencing that and when we talked with other partners in the ecosystem as well they shared similar issues and we've tried coming up with many manual workflows and lots of tools to work around that long term we obviously want to expand that beyond the new ecosystem we want anyone that's trying to do decentralized treasury management so we have built it on Boss the blockchain operating system on near we chose it because of the self-create instance what happens is we have an account where all the widgets are deployed and then any user can come and create their own instance which will be deployed onto their own account which they can handle which whose keys will be with them and for the indexer we have built a indexer using the near blocks API to which helps in quering the uh blockchain so the blockchain operating system that has been around for some years now and it offers a consistent way a secure way to to deploy all these components in that makes up the user interface and we also leveraged web for technology here which is also making it possible to not have to use any other component we are in this case we are using some other components as well but it actually web for is something that enables to be able to create a full stack application entirely on near so you don't need another Cloud hosting service you can build your back end in a smart contract and the front end in also in the smart contract because this web for Gateway will serve it as a web page what you have in your smart contract we are uh using different RPC providers here we are using services for giving us uh transaction history which is obviously needed for for treasury management then we need to track the funds at all times the funds that we have stake the funds that are in different kind of tokens we are using various services for that this management tool were from the very beginning that the purpose of near was to really in the beginning it was AI but they needed a way to pay all the contributors all the developers all the people in the ecosystem and I think this part this treasury management tool is actually fulfilling that purpose we all also wanted to solve our own pain point so we we also wanted to to have the treasury we wanted to uh be efficient at managing it and that's where we started they're actually using uh the framework called boss blockchain PR system on here where those all widgets are stored uh on blockchain on different contract it's called social DB we store it there and there is a way to render those widgets so the whole UI that you will see when you visit uh when you create your treasury near treasury um are pulled from the blockchain render it in your browser and those components pull dat again from the blockchain and display the data in front of you and also what we Leverage is so-called web 4 web 4 is the technology that uh also built on here on the application that you deploy to the blockchain you can Define functions that uh external users can call so web 4 leverages the second type of functions view functions so uh when you define your application the function with the name web 4ore get uh it can it expects to receive the HTTP headers and it can return HTTP response uh obviously it can like it the the function that you deploy lives on on the blockchain so there is no native way to interact with your function directly in case of the uh of the treasury application it's fully public uh and everyone on the internet can view it can understand which proposals were submitted who submitted them who voted for them I think one thing that is very clear unique on here is this web for technology that we can serve a web page from a smart contract you could probably do that in order change to but not as as rich and and what we have on near also with the smart contracts that are web assembly based that means that we can write them in quite a bit of we we can write them in different languages we we use rusto because that's there are many reasons for that good reasons it's a great language to create such functionality the the power of the blockchain is in that you basically have all your apps always available on chain so it's when if with a growing number of applications deployed there you can build the interactions between them and U make cross contract calls and uh specifically dowo Sputnik Dow relies a lot on those external applications such as lockup contracts multi sender um and composing those together uh it makes the app even better so it's more like a Unix approach one Tool uh does one thing great and then you compose them into the pipelines of uh that that would solve your use case this exactly the case for a treasury so what we have found to be super helpful in the Journey of developing a product is to ship fast and talk to customers fast so throughout this entire journey of developing this near treasury we talked with various teams with different content and gave them access to come and take a look and that was really helpful because we realized so many assumptions that we were making on our own use case that did not apply to another team which made us really take a step back and think about how do we solve for the most uh number of users which is a hard balance sometimes to find but we continued to do that every time we found a new issue or problem we implemented it gave it back to the user for testing and continued that way and that's something I really think that any team that's developing a produ product whether in web 3 or not should be doing is like always keep the users in mind and I'm sure that we're going to find more users that are now coming on to this product in the beta that will show us uh things that we haven't thought about that we'll try to incorporate and we really want to make sure that this product is making people's lives better and easier and that's really the core of it at the end of the day so every time near treasury is a multi- signature treasury management solution for decentralized teams to manage their digital assets securely and whether you're a grant recipient Dow or Finance group we found that managing funds as a team can be surprisingly complex and that's why we focused on building an intuitive UI that makes it easier for teams to customize their voting policies and manage their funds together now to create a new treasury you can head over to near treasury.com and click the get started 10 and this will take you through the creation flow of setting up a treasury and adding members now once you have your treasury ready here are some of the things you can do first when you load the dashboard screen you'll be able to gain Financial Clarity and see things like your Treasures total value token balances and transaction history now if you want to collaborate with your team on payment requests you can head over to the payments Tab and here you can create and approve uh request and execute them with multi signature approvals now stake delegation is where you can do the same thing but for stake in requests unstaking requests and withdraws and settings is where you can customize permissions and settings like voting thresholds and duration now security and transparency are super important and that's why we built near treasury using the spotnik Dow V2 contract which helps keep everything decentralized and on chain and we really hope that this tool will make it easier for teams to focus on what they do best without dealing with all of the overhead of managing funds","transcript_synced_at":"2026-11-03T03:53:47.662Z","segments":[{"start_seconds":9,"text":"welcome to the first episode of behind the code I'm your host Joe from devhub I'm excited 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Peter salmonson I've been in the near ecosystem since the very beginning my kind of way into this","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=126s"},{"start_seconds":136,"text":"was through this project I have called the web Assembly Music for the treasury tool this is uh a management tool of","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=136s"},{"start_seconds":144,"text":"funds this is a plan for making sure that these funds are distributed to whoever have been contributing to the","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=144s"},{"start_seconds":152,"text":"ecosystem in some way that they that we have a tool for managing all the funds","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=152s"},{"start_seconds":159,"text":"that have been applied for that they want to get a compensation so I'm migga I am working with devop for almost one","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=159s"},{"start_seconds":168,"text":"year now I am a frontend developer so I majorly work on their portal they can","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=168s"},{"start_seconds":175,"text":"customize their own theme their own coloring their own Pages whichever they want they can even add more features by","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=175s"},{"start_seconds":184,"text":"accessing their boss widgets so it's all in their hands we are not controlling anything we'll just give them a basic template which they can access and then","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=184s"},{"start_seconds":193,"text":"they can go ahead from","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=193s"},{"start_seconds":196,"text":"there so what we found over the last couple years is that we've been trying to manage a budget and work in a","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=196s"},{"start_seconds":203,"text":"decentralized way with a lot of contributors and it's actually really hard to make payments 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beginning that the purpose of near was","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=351s"},{"start_seconds":359,"text":"to really in the beginning it was AI but they needed a way to pay all the contributors all the developers all the","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=359s"},{"start_seconds":366,"text":"people in the ecosystem and I think this part this treasury management tool is actually fulfilling that purpose we all","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=366s"},{"start_seconds":375,"text":"also wanted to solve our own pain point so we we also wanted to to have the treasury we wanted to uh be efficient at","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=375s"},{"start_seconds":383,"text":"managing it and that's where we started they're actually using uh the framework called boss blockchain PR system on here","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=383s"},{"start_seconds":390,"text":"where those all widgets are stored uh on blockchain on different contract it's","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=390s"},{"start_seconds":397,"text":"called social DB we store it there and there is a way to render those widgets","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=397s"},{"start_seconds":405,"text":"so the whole UI that you will see when you visit uh when you create your treasury near treasury um are pulled","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=405s"},{"start_seconds":414,"text":"from the blockchain render it in your browser and those components pull dat again from the blockchain and display","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=414s"},{"start_seconds":422,"text":"the data in front of you and also what we Leverage is so-called web 4 web 4 is","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=422s"},{"start_seconds":430,"text":"the technology that uh also built on here on the application that you deploy to the blockchain you can Define functions that uh external users can","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=430s"},{"start_seconds":438,"text":"call so web 4 leverages the second type of functions view functions so uh when you define your application the function","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=438s"},{"start_seconds":447,"text":"with the name web 4ore get uh it can it expects to receive the HTTP","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=447s"},{"start_seconds":454,"text":"headers and it can return HTTP response uh obviously it can like it the","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=454s"},{"start_seconds":461,"text":"the function that you deploy lives on on the blockchain so there is no native way to interact with your function directly","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=461s"},{"start_seconds":469,"text":"in case of the uh of the treasury application it's fully public uh and","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=469s"},{"start_seconds":476,"text":"everyone on the internet can view it can understand which proposals were submitted who submitted them who voted for","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=476s"},{"start_seconds":487,"text":"them I think one thing that is very clear unique on here is this web for","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=487s"},{"start_seconds":493,"text":"technology that we can serve a web page from a smart contract you could probably do that in order change to but not as as","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=493s"},{"start_seconds":501,"text":"rich and and what we have on near also with the smart contracts that are web","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=501s"},{"start_seconds":508,"text":"assembly based that means that we can write them in quite a bit of we we can write them in different languages we we","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=508s"},{"start_seconds":516,"text":"use rusto because that's there are many reasons for that good reasons it's a great language to create such","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=516s"},{"start_seconds":523,"text":"functionality the the power of the blockchain is in that you basically have all your apps always available on chain","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=523s"},{"start_seconds":532,"text":"so it's when if with a growing number of applications deployed there you can build the interactions between them and","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=532s"},{"start_seconds":541,"text":"U make cross contract calls and uh specifically dowo Sputnik Dow relies a","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=541s"},{"start_seconds":549,"text":"lot on those external applications such as lockup contracts multi sender um and composing those together","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=549s"},{"start_seconds":559,"text":"uh it makes the app even better so it's more like a Unix approach one Tool uh","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=559s"},{"start_seconds":567,"text":"does one thing great and then you compose them into the pipelines of uh","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=567s"},{"start_seconds":575,"text":"that that would solve your use case this exactly the case for a","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=575s"},{"start_seconds":582,"text":"treasury so what we have found to be super helpful in the Journey of developing a product is to ship fast and","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=582s"},{"start_seconds":590,"text":"talk to customers fast so throughout this entire journey of developing this near treasury we talked with various","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=590s"},{"start_seconds":597,"text":"teams with different content and gave them access to come and take a look and that was really helpful because we realized so many assumptions that we","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=597s"},{"start_seconds":605,"text":"were making on our own use case that did not apply to another team which made us really take a step back and think about how do we solve for the most uh number","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=605s"},{"start_seconds":613,"text":"of users which is a hard balance sometimes to find but we continued to do that every time we found a new issue or","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=613s"},{"start_seconds":621,"text":"problem we implemented it gave it back to the user for testing and continued that way and that's something I really think that any team that's developing a","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=621s"},{"start_seconds":629,"text":"produ product whether in web 3 or not should be doing is like always keep the users in mind and I'm sure that we're going to find more users that are now","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=629s"},{"start_seconds":637,"text":"coming on to this product in the beta that will show us uh things that we haven't thought about that we'll try to incorporate and we really want to make","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=637s"},{"start_seconds":645,"text":"sure that this product is making people's lives better and easier and that's really the core of it at the end of the day so every","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=645s"},{"start_seconds":655,"text":"time near treasury is a multi- signature treasury management solution for decentralized teams to manage their","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=655s"},{"start_seconds":663,"text":"digital assets securely and whether you're a grant recipient Dow or Finance group we found","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=663s"},{"start_seconds":670,"text":"that managing funds as a team can be surprisingly complex and that's why we focused on building an intuitive UI that","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=670s"},{"start_seconds":677,"text":"makes it easier for teams to customize their voting policies and manage their funds together now to create a new","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=677s"},{"start_seconds":685,"text":"treasury you can head over to near treasury.com and click the get started 10 and this will take you through the creation flow of setting up a treasury","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=685s"},{"start_seconds":693,"text":"and adding members now once you have your treasury ready here are some of the things you can do first when you load the dashboard screen you'll be able to","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=693s"},{"start_seconds":701,"text":"gain Financial Clarity and see things like your Treasures total value token balances and transaction history now if","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=701s"},{"start_seconds":710,"text":"you want to collaborate with your team on payment requests you can head over to the payments Tab and here you can create","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=710s"},{"start_seconds":717,"text":"and approve uh request and execute them with multi signature approvals now stake delegation is where","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=717s"},{"start_seconds":724,"text":"you can do the same thing but for stake in requests unstaking requests and withdraws and settings is where you can","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=724s"},{"start_seconds":732,"text":"customize permissions and settings like voting thresholds and duration now security and transparency are super","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=732s"},{"start_seconds":740,"text":"important and that's why we built near treasury using the spotnik Dow V2 contract which helps keep everything","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=740s"},{"start_seconds":747,"text":"decentralized and on chain and we really hope that this tool will make it easier for teams to focus on what they do best","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=747s"},{"start_seconds":756,"text":"without dealing with all of the overhead of managing funds","url":"https://www.youtube.com/watch?v=2887ah7Xyr0&t=756s"}],"youtube_url":"https://youtube.com/watch?v=2887ah7Xyr0","url":"https://near-pedia.xyz/videos/2887ah7Xyr0"}