bitdao

ChainCatcher news, according to data from RootData, the BitDAO token BIT has increased by 179.81% in the last 24 hours, currently priced at $2.8.According to the Web3 asset data platform RootData, BitDAO is one of the largest token governance treasuries, holding billions of dollars in assets to promote economic development supported by decentralized assets, decentralized technology, and decentralized organizations. Through the treasury, BitDAO has created a complete autonomous entity network, bringing together industry-leading partners to expand Web3 technology in fields such as art, entertainment, finance, and technology.

ChainCatcher news, according to Spot On Chain monitoring, since August 9, Alameda Research has deposited 1.56 million WLD (approximately 2.51 million USD) in 10 batches to Binance at an average price of 1.605 USD, with 23.44 million WLD (43 million USD) remaining.At this rate, it may take more than 3 years to sell all of it. Alameda Research currently holds the most valuable asset in BIT (now MNT), with 98.86 million coins worth 68 million USD, which may start to be sold in November (after the 3-year no-sale commitment with BitDAO ends).

ChainCatcher news, according to RootData, the BitDAO token (BIT) has increased by 73.75% in the last 24 hours, currently priced at $1.54.Additionally, the Web3 asset data platform RootData shows that BitDAO is one of the largest token governance treasuries, with billions of dollars in assets, aimed at promoting economic development supported by decentralized assets, decentralized technology, and decentralized organizations. Through the treasury, BitDAO has created a complete autonomous entity network, bringing together industry-leading partners.

ChainCatcher news, according to RootData data, the BitDAO token (BIT) has increased by 140.99% in the last 24 hours, currently priced at $3.64.Additionally, the Web3 asset data platform RootData shows that BitDAO is one of the largest token governance treasuries, holding billions of dollars in assets to promote economic development supported by decentralized assets, decentralized technology, and decentralized organizations. Through the treasury, BitDAO has created a complete autonomous entity network, bringing together industry-leading partners to expand Web3 technology in fields such as art, entertainment, finance, and technology. Bybit is the initiator and main contributor of BitDAO. Bybit commits to regularly contribute 2.5 basis points of its futures contract trading volume to the BitDAO treasury.

ChainCatcher message, according to Whale Alert monitoring, around 10:42 Beijing time, 11,000 ETH (31,751,584 USD) was transferred from BitDao to an unknown wallet.

ChainCatcher message, according to Whale Alert monitoring data, at 15:21:11 Beijing time today, 20,000 ETH (50,190,376 USD) was transferred from BitDao to an unknown wallet.

ChainCatcher message, according to WhaleAlert monitoring, at 20:27:11 Beijing time today, 30,000 ETH (72,003,335 USD) was transferred from BitDao to an unknown wallet.

ChainCatcher news, the BitDAO modular Ethereum Layer2 network Mantle Network has passed a community proposal vote to stake the top 200,000 ETH in the Mantle Treasury.The proposal includes the establishment of the Mantle Economic Committee and authorizes a total staking limit of up to 200,000 ETH, with a separate limit of up to 40,000 ETH for the Lido ETH staking strategy, and the creation of stETH-ETH and mntETH-ETH LP trading pairs on Ethereum L1 and Mantle L2 DEX.

ChainCatcher message, a proposal from the Mantle community requests Mantle to allocate 40,000 ETH (approximately 72 million USD) from the BitDAO treasury to Lido stETH, and then use the allocated stETH to bootstrap DEX liquidity and integration across Mantle, as well as establish the first 12-month revenue-sharing agreement between BitDAO and Lido DAO. Additionally, it is proposed to include Mantle in Lido's bridging program for seamless stETH bridging with Mantle, and to collaboratively develop a no-Gas bridge for Mantle users powered by stETH. (source link)

ChainCatcher news, BitDAO has voted to approve the MIP-22 proposal, which includes that the Mantle token MNT should have "upgradability" and "minting" features similar to ARB and OP; the one-way conversion ratio of BIT to MNT is 1:1; the Mantle core contributor team will be authorized to determine the best timing and order for delisting BIT tokens, listing MNT tokens, opening conversion channels, and launching the Mantle network mainnet; establish a temporary conversion library to support the token creation and conversion process; and establish an MNT/ETH liquidity pool. (source link)

According to ChainCatcher news, as monitored by Arkham, after the BitDAO token restructuring governance proposal was passed yesterday, BitDAO transferred over $550 million in BIT on-chain. In preparation for the upcoming token transition, $120 million in BIT has been transferred to contributor wallets, while the remaining approximately $500 million is in BitDAO's "flexible" wallet. (source link)

ChainCatcher news shows that as of April 15, 2022, 4,833 DAO treasuries held assets worth $10.8 billion. Over the next 309 days, as of February 19, 2023, these assets decreased to $8.8 billion.However, in the past 90 days, the funds held by DAO treasuries have surged by 144%, currently valued at $21.5 billion, which includes $18.3 billion in liquid funds and $3.1 billion in locked vesting obligations. The top 5 DAOs are from: Optimism Collective ($4.3 billion), Arbitrum ($4.1 billion), BitDao ($2.5 billion), Uniswap ($2.2 billion), and Polygon ($1 billion).It is reported that the number of DAOs has also increased by 9%. Data from deepdao.io shows that there are approximately 6.9 million governance token holders. In the DAO ecosystem, an active community of 2.2 million voters and proposal creators is actively shaping the landscape of DAOs. (source link)

ChainCatcher news, the decentralized autonomous organization BitDAO community members have approved a governance proposal named BIP-21, which proposes to rebrand BitDAO's governance token from BIT to a new identity, Mantle. BitDAO will merge into Mantle Network.It is reported that through this integration, Mantle Network developers will inherit nearly $300 million in stablecoins and over 270,000 ETH (approximately $485 million) in reserves from BitDAO, which will play a key role in funding the expansion and broader adoption of Mantle Network.In addition, Mantle Network will enter the second phase of its testnet in May, codenamed "Ringwood." (source link)

ChainCatcher message, the BitDAO community has opened voting on the proposal "Optimization of Brand, Token, and Token Economics," which will end on May 19.It is reported that if the vote passes, BitDAO, Mantle, and the BIT ecosystem will be unified under the name Mantle, the existing governance and DAO will be referred to as Mantle Governance, and the BIT token will also be converted to Mantle. (Source link)

ChainCatcher news, the Ethereum Layer 2 network Mantle developed by the BitDAO ecosystem submitted a proposal today on BitDAO's governance forum to implement the principle of "one brand, one token," positioning mantle.xyz as a product-centric unified ecosystem brand. In light of this, there are plans to convert the existing BitDAO token BIT into Mantle's token (token symbol to be determined). The entire ecosystem will be called Mantle, with the website at https://www.mantle.xyz/, and the existing Rollup projects will be referred to as Mantle Network.It is reported that the token conversion will design a flexible cycle instead of a "balance snapshot." Therefore, existing token holders do not need to take any preparatory actions, and new buyers can purchase BIT in preparation for the conversion. Additionally, the changes to BitDAO.io are merely a superficial rebranding, and the existing governance processes will be retained, including proposals, budgeting, and fund resource management. The existing BitDAO treasury holdings and exposures should continue to be managed by the token holders. (source link)

ChainCatcher news, the Ethereum Layer 2 network Mantle Core developed by the BitDAO ecosystem submitted a proposal on February 26 at BitDAO's governance forum to establish a $200 million Web3 ecosystem fund, Mantle EcoFund, aimed at promoting the adoption of the Mantle network by developers and Dapps.It is reported that the BitDAO treasury will provide $100 million in USD tokens, and another $100 million will be provided by external matching capital from "strategic risk partners." If approved, the Mantle EcoFund and risk partners will participate in projects at a 1:1 co-investment ratio. Funds that have expressed interest in participating include Dragonfly Capital, Pantera, Folium Ventures, Play Ventures Future Fund, Spartan, Lemniscap, Selini Capital, Cadenza Ventures, and QCP Capital. (Cointelegraph)

ChainCatcher news, the BitDAO community has initiated a proposal on Snapshot, suggesting a one-year budget for the previously launched Ethereum Layer2 network Mantle, with the testnet operational costs for 6 months amounting to 10 million BIT and 14 million USDC.The budget allocation for the first phase of the Mantle mainnet (the first year) is as follows: 145 million BIT and 34 million USDC for the mainnet operational expenses in the first year; 15,000 ETH for Ethereum Layer 1 Gas fees (which will be offset by the BIT transaction fees received on the Mantle Network); a loan of 30 million BIT and 6 million USD equivalent in primary assets (these assets belong to BitDAO and can be tracked on-chain) to fund the specification bridge and node delegation. The voting deadline for this proposal is February 20 at 22:00.It is reported that in January, the BitDAO modular Ethereum Layer2 network Mantle Network announced the launch of its testnet. Mantle obtains security from Ethereum through Rollups and is building a separate data availability layer in collaboration with its partner EigenLayer. (source link)

ChainCatcher news, DefiLlama announced the launch of the protocol treasury Dashboard, which allows users to view the asset scale rankings and specific asset proportions of various DAO organizations and protocols. According to the page, the top five protocols currently are BitDAO, Olympus DAO, Aragon, Euler, and Rook, with BitDAO's treasury assets valued at $2.64 billion, ranking first. (source link)

ChainCatcher news, BitDAO's modular Ethereum Layer 2 network Mantle Network has announced the launch of its testnet. Mantle gains security from Ethereum through Rollups and is building a separate data availability layer in collaboration with partner EigenLayer.It is reported that the Mantle Network stack consists of three layers, one for transaction execution, while the other two handle transaction completion and data availability, respectively. Transaction fees on Mantle will be paid using the BIT token. Developers need to fill out a form to gain access to the Mantle testnet. (source link)

ChainCatcher news, ApeX Pro announced the completion of a $2 million proposal with BitDao to enhance the liquidity of the ApeX Pro perpetual market. At the same time, ApeX has also established a strategic partnership with HG Ventures, becoming the first derivatives DEX in their collaboration.ApeX Pro combines the StarkWare zero-knowledge proof L2 solution and an efficient matching engine to provide users with a full-margin order book trading model that supports multi-chain deposits and withdrawals, ensuring decentralization and the security of user assets. It is reported that ApeX Pro's 52-week trading mining activity is currently ongoing. During this period, users can earn reward Token BANA through trading and exchange it for USDC.