tldr; A proposal for the Polkadot Treasury suggests converting 500,000 DOT into tBTC over a year using Hydration’s rolling DCA feature. The tBTC would be added to the Hydration Omnipool via Threshold Network’s Bitcoin bridge, diversifying the Treasury’s portfolio and supporting DeFi incentives. The plan aims to hedge against price volatility and signal support for a multi-chain future. The proposal is under discussion and not yet implemented, with estimated fees of 0.4% of the total amount acquired.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
MichaelAischmann on
It’s quite telling when the people behind DOT would rather have some BTC.
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tldr; A proposal for the Polkadot Treasury suggests converting 500,000 DOT into tBTC over a year using Hydration’s rolling DCA feature. The tBTC would be added to the Hydration Omnipool via Threshold Network’s Bitcoin bridge, diversifying the Treasury’s portfolio and supporting DeFi incentives. The plan aims to hedge against price volatility and signal support for a multi-chain future. The proposal is under discussion and not yet implemented, with estimated fees of 0.4% of the total amount acquired.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
It’s quite telling when the people behind DOT would rather have some BTC.