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# The ReFi Treasury
Investors are first required to purchase and own **$REFI tokens**. Their capital is then pooled into the **ReFi Treasury**.
The ReFi Treasury is managed by the **ReFi investment team**. Their aim is to grow the ReFi Treasury through deploying investor capital onto various chains and protocols, and extracting alpha / yield from their investments.
The ReFi investment team also determines the amount of distributions to be made to $REFI holders, based on the investment profits generated over time.
## ReFi Treasury Value
The ReFi Treasury value can be viewed in real-time via [reimagined.fi/treasury](https://www.reimagined.fi/treasury).
## Historical Treasury Performance
This is the marked-to-market ("MtM") value of the **ReFi Treasury** and **Total AUM** (which includes treasury assets we manage for other DAOs / institutional investors).
Since our establishment in 2021, we've made the following **investment profit distributions** to investors. As such, the ReFi Treasury and AUM figures below accounts for and deducts these distributions:
* 17 Aug: $15.5K
* 7 Apr: $80K
* 25 Mar: $30K
* 24 Feb: 20.5 ETH ($53.4K)
* 29 Jan to 2 Feb 2022: 80 ETH
* 17 to 19 Jan 2022: 75 ETH
* 10 Jan 2022: 60 ETH
* 4 Jan 2022: 50 ETH
* 28 Dec 2021: 40 ETH
---
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