Mango DAO Embraces SOL, Rejects BTC With $1M Treasury Investment

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Don’t tell saylor: The DAO behind Solana DeFi hub mangomarkets rejected a plan to invest part of its $USDC treasury in $BTC, choosing $SOL exposure instead. realDannyNelson reports

with investment managers. More rare is the up-down community vote to swap stablecoins for volatile assets like solana.

“We were holding 100% USDC and not earning any interest on that capital,” he said in a Telegram message.DAOs dabbling in bitcoin Do Kwon, the founder of Terraform Labs and the chief figurehead of the Terra blockchain, is currently barnstorming a plan to backstop Terra’s UST stablecoin with up to $10 billion in bitcoin.“The people have spoken and no one wants BTC,” wrote Smith on Mango’s Discord Monday after the bitcoin proposal went down in flames. “Only 26k yes votes has got to be the least support for any serious proposal in Mango DAO’s history.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

saylor mangomarkets realDannyNelson Oh, I don't really trust Solana in NFT matters. So I try to look for NFT on Ethereum and recently found Sushi Pals at last

saylor mangomarkets realDannyNelson 善意的提醒:远离欧易诈骗交易所,欧易已经没有用户了,现在是能割一个算一个,欧易已经准备拔网线跑路了,远离欧易,不然血本无归。欧易就是一坨屎。

saylor mangomarkets realDannyNelson so-low

saylor mangomarkets realDannyNelson They are pools btc is 💥

SquadsProtocol saylor mangomarkets realDannyNelson ouch! an entire ONE MILLION DOLLARS

saylor mangomarkets realDannyNelson Would be dope to have both

saylor realDannyNelson

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Investment app Acorns catches crypto bug, adds bitcoin exposurenvestment app Acorns has added the option for its user to invest up to 5% in btc via their investment accounts. With the current situation, soon every second person will use it
Source: TheBlock__ - 🏆 464. / 53 Read more »