APP
Mantle Network has released a proposal regarding the use of treasury funds to foster ecosystem growth. The proposal includes providing up to $160 million in liquidity support for applications, offering initial liquidity of up to $60 million for Real-World Asset (RWA) backed stablecoins, and granting liquidity support of up to $18 million for third-party cross-chain bridges.
Mantle Network is an Optimistic Rollup developed by BitDAO. According to DeepDAO data, BitDAO's treasury holds over $3.1 billion in total funds. Recently, BitDAO and Mantle Network have been actively managing their substantial treasury funds. Previously, Mantle Network passed a community proposal to stake up to 200,000 $ETH from the Mantle Treasury and has already staked 40,000 $ETH through Lido Finance.
Stay updated with the most important cryptocurrency news and valuable insights, conveniently delivered to your email every day. Subscribe to the TokenInsight mailing list now!
Prefer social media? Follow us on Twitter, or subscribe to our Telegram channel!
If you have news reports or announcements that you want to reach a wider audience, feel free to email us at news@tokeninsight.com
- Last:
- Next:
