BitDAO

Million

Mantle

<a target="_blank" href="https://tokeninsight.com/en/coins/mantle/overview" rel="noopener noreferrer nofollow">Mantle Network</a> 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. 
<img src="https://s2.tokeninsight.com/static/calendar/img20230829093718efa37c40-bac7-43e5-9ec7-32fcec102ce2.jpg"> 
Stay updated with the most important <a target="_blank" href="https://tokeninsight.com/en/news" rel="noopener noreferrer nofollow">cryptocurrency news</a> and valuable insights, conveniently delivered to your email every day. <a rel="noopener noreferrer nofollow" target="_blank" href="https://mailchi.mp/tokeninsight/newsletter">Subscribe to the TokenInsight mailing list now!</a> 
Prefer social media? Follow us on <a rel="noopener noreferrer nofollow" target="_blank" href="https://twitter.com/tokeninsight">Twitter</a>, or subscribe to our <a rel="noopener noreferrer nofollow" target="_blank" href="https://t.me/TokenInsightchannel">Telegram channel!</a> 
If you have news reports or announcements that you want to reach a wider audience, feel free to email us at <a href="mailto:news@tokeninsight.com" rel="noopener noreferrer nofollow">news@tokeninsight.com</a>

Mantle Network Proposes Allocating $160 Million to Promote Ecosystem Development

TokenInsight

Other articles published on Aug 29, 2023

Blue Layer 4 Decoded: Bitcoin’s Price Journey from $32K to a Potential $112K

LBank Refutes Claims of Unauthorized Listings; Emphasizes Integrity and Standards

ChainGPT is Launching Solidus AI Tech, the Web3 Infrastructure as a Service Provider

Elon Musk Demonstrates Game-Changing Self-Driving Tech

XRP Holder's Lawyer Gives Coinbase Fair Winning Chance vs SEC

SHIB Lead Says Shibarium Ready for Prime Time, XRP Army Receives Warning in Wake of New Developme...

Join our free newsletter for daily crypto updates!