BitDAO initiated a community vote to propose depositing over 8.5 million USD in BIT into the ICHI treasury

ChainCatcher news, the decentralized autonomous organization BitDAO has initiated a community vote to decide whether to deposit up to $8.5 million from its treasury in the stablecoin solution ICHI to achieve a 15% annual yield, thereby generating returns for BIT holders while expanding its liquidity on Uniswap.

According to the proposal, BitDAO community members have four deposit options to consider, ranging from 1 million to 20 million BIT, and ICHI must commit to an internal rate of return of 15% on the BitDAO treasury deposit in the first year. Additionally, the vote is scheduled to end on November 10. (source link)