# Treasury Contract The treasury contract is a simple vault that holds all funds collected by the protocol. For example, if a user purchases a USDT bond, the USDT is fully received by the treasury in exchange for an equivalent amount of NVB. New NVB is minted based on the treasury's risk-free assets (RFV). (The RFV will be detailed in the Bond Contract section.) * **Total Treasury Assets:** The total value of various assets entering the treasury through bond sales, including USDT, NVB-USDT LP, etc. * **Total Treasury Risk-Free Assets:** The total risk-free value of various assets entering the treasury through bond sales. For instance, the value of USDT bonds equals the risk-free value of USDT bonds. The total value of LP bonds is greater than the risk-free value of LP bonds.Therefore, while the total treasury assets may decrease if the NVB price drops, the total treasury risk-free assets show a consistent upward trend. NovaBank stipulates that each minted NVB is backed by $1 of treasury risk-free assets. As the treasury's risk-free assets increase, more NVB will be minted. --- # 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.novabank.finance/introduction-to-the-operating-mechanism-of-the-novabank-protocol/treasury-contract.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.