# Treasuries & Permissions

***Investment Vault:*** The reserve treasury of Create DAO. Used to fund Sub-DAOs and/or to obtain yield. 

* Any WOL NFT Holders can make proposals for Financial Proposals where applicable as described in the Financial Proposals section of this C-GP process document. 

***Operations Vault:*** The main treasury of Create DAO. Used to fund operations and make strategic fundings. 

* Any WOL NFT Holder can make proposals for Financial Proposals where applicable as described in the Financial Proposals section of this SEF-GP process document.
* Any wallet with permissions for the Executive DAO (i.e. any member of the Executive DAO) can program and delete Financial Actions in the Executive Sub-DAO as per the Executive Sub-DAO operating agreement. 

#### Additional Treasuries 

* Sub-DAOs are not allowed to create additional treasuries under the exclusive control of the Sub-DAO (and outside of the control of the Main DAO) unless approved by a majority vote of WOL NFT Holders. 
* The Main DAO may create additional treasuries through a majority vote of WOL NFT Holders.