# Introduction to Ribbon Treasury ## **What is Ribbon Treasury?** Ribbon Treasury are private Ribbon [Theta vaults](/theta-vault/theta-vault.md) built specifically for DAOs to run covered calls on their native tokens. These private vaults are segregated from the main Ribbon vaults, and run a custom strategy for each DAO. Each vault has a few unique parameters: * **Strike Selection Methodology**\ DAOs can choose how aggressive they want to be with regards to the strike selection methodology. * **Tenor**\ DAOs can choose how often they want to run the strategy. The current Ribbon Vaults run a weekly strategy that automatically re-rolls, but DAOs can choose longer tenors. * **Premium Currency**\ DAOs can also choose what currency they want to receive the premiums in. For example, a DAO could elect to receive premiums in USDC or ETH, depending on their treasury diversification goals. ## ## --- # 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.ribbon.finance/ribbon-treasury/introduction-to-ribbon-treasury.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.