The ENS DAO proposal to sell 10,000 ETH for USDC is set to be executed, having gone through a successful vote.
This trade will take place via CoW Swap. The DAO hopes to earn at least $13 million from the sale, increasing the DAO’sThere was some debate over how the tokens should be sold. The proposal stated a single swap of the 10,000 ETH tokens for USDC. Some USDC delegates argued in favor of breaking down the sale into smaller units. They also suggested that the DAO shouldUltimately, the DAO has gone for a single swap strategy.
The funds raised will also be used to support the DAO’s core working groups, of which ENS DAO has three. The budget proposed could see these working groups claim as much as $6 million in the next two years. © 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.By signing-up you agree to our
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Ethereum (ETH) Price Analysis for February 6Can ETH get back to midterm bull run soon? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum
Consulte Mais informação »
Ethereum (ETH) Price Primed for Rebound, Here Are 3 Factors That Can Drive This GrowthEthereum price sees new on-chain trends that can fuel its growth
Consulte Mais informação »
Price analysis 2/6: SPX, DXY, BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOTBitcoin and the S&P 500 may pull back in the short term but the trajectory remains up.
Consulte Mais informação »
Top Ethereum (ETH) Gas Spenders Are ScammersBlockchain security firm PeckShield has issued a warning to Ethereum users regarding the latest zero transfer scams
Consulte Mais informação »
Uniswap DAO Approves Boba Network Deployment in Latest Community VoteWith its deployment on Boba Network, Uniswap has the opportunity to expand its community to include the users within Boba’s multichain ecosystem, significantly increasing both its total value locked and its transaction volume.
Consulte Mais informação »
Bitcoin, Ethereum and select altcoins set to resume rally despite February slumpBitcoin, ETH, OKB, ALGO, and THETA may resume their up-move as the short-term trend favors the buyers.
Consulte Mais informação »