Arbitrum STEP Committee initiates discussion on proposal to inject 35 million ARB into RWA ecosystem
Odaily2024/06/24 08:03
By:Odaily
Odaily News The official governance forum shows that the Arbitrum STEP committee initiated a discussion on the proposal to inject DAO treasury funds into the RWA field. The proposal pointed out that in order not to over-diversify funds and increase the risk of operation or default leading to principal loss, the committee selected 6 products from the previously shared list of 17 candidates. The specific amount of each provider is mostly based on the existing asset management scale. The proposal proposes to diversify treasury funds by 1% each year through the growth of the RWA ecosystem. The selected applicants and the allocation amount (ARB) are as follows: Securitize BUIDL - 11 million ARB; Ondo USDY - 6 million ARB; Superstate USTB - 6 million ARB; Mountain USDM - 4 million ARB; OpenEden TBill - 4 million ARB; Backed Finance bIB01 - 4 million ARB. The snapshot vote on the proposal is scheduled for July 1 (Monday), and a comment period of about 10 days will be reserved.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Stake to earn
CEC, QTLX, GDV and other popular new coins are in hot progress!
Stake now!
You may also like
Securitize adds Wormhole for multi-chain RWA tokens
Cointelegraph•2024/09/20 21:00
Telegram May Face India Ban After Hacker Exploits Chatbots to Leak Insurer Data
Cryptonewsland•2024/09/20 20:30
Celestia Price Prediction in 2024: October November December, GoodEgg Remains Dominate Altcoin
Newsbtc•2024/09/20 19:45
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$63,253.06
+0.36%
Ethereum
ETH
$2,547.9
+3.23%
Tether USDt
USDT
$1
-0.00%
BNB
BNB
$569.34
+0.48%
Solana
SOL
$147.59
+2.92%
USDC
USDC
$1
+0.01%
XRP
XRP
$0.5875
-0.35%
Dogecoin
DOGE
$0.1058
-0.21%
TRON
TRX
$0.1521
+0.79%
Cardano
ADA
$0.3535
+0.27%
Bitget pre-market
Buy or sell coins before they are listed, including HMSTR, CATI, OGC, EIGEN, and more.
Trade now
Not a Bitgetter yet?Sign up now to embark on a journey into the crypto world!
Sign up now