/BitDAO/ - General:

>Treasury Growth:

Currently BitDAO has the largest treasury in the crypto worth around $1.28 billion
The treasury is constantly being replenished from multiple sources including, but not limited to:

1- pledged contributions from Bybit (around 75 million each month)
2- token swaps and venture deals
3- yield strategies
learn.bybit.com/altcoins/what-is-bitdao/

>ETH dominance:

BitDAO is one of the largest ETH whales right now ranking 35th on Etherscan. Their treasury currently holds more than 200,000 ETH and they’re planning on keeping up this pace as they keep buying around 380 ETH daily on average.
etherscan.io/accounts/2

>Treasury diversity:

Aside from being the largest and most valuable in the crypto market, BitDAO’s treasury is also the most diverse in its holdings. The BitDAO treasury currently consists of:

- 924,453,646 BIT (33.44%)
- 246,298 ETH (31.42%)
- 207,721,564 USDC (16.24%)
- 120,896,663 USDT (9.45%)
- 3,362,316 FTT (7.01%)
- 6,633 Univ3 LP WETH (0.85%)
- 10,000 PEEPS (0.51%)
- 2,132,235 xSUSHI (0.27%)

It is very rare to see treasuries that are this diverse in this market. 37% native tokens is a very low number especially when you consider than other huge treasuries like Uniswap’s consists of 99% native tokens.
bitdao.io

>BIT Purchase Program:

BitDAO’s treasury growth will be related to BIT price via the dynamic BIT Purchase Program, see: proposal BIP-9.
discourse.bitdao.io/t/passed-bip-9-bit-purchase-program/1995

>L1 Proposal:

The BitDAO community is in the process of voting on creating their own L1

>Governance:

BitDAO is governed by BIT token holders. It is permissionless to submit soft proposals on the BitDAO forum, and official proposals on the BitDAO Governance Module (Snapshot). It is permissionless to hold BIT, delegate BIT, and vote to approve or reject proposals.
docs.bitdao.io/litepaper-1/governance-overview

Attached: BIT.jpg (1125x1191, 84.18K)

actual real photo of my fucking self waiting for the god damn L1 proposal to go through

Attached: slow.jpg (296x402, 34.17K)

yall have no fucking patience do you. these things take time. this is not a regular propsal, its a whole ass L1

dont get me wrong, i love bitdao a lot and own a good chunk of BIT tokens myself. but bitdao is the 2nd largest treasury and not the 1st
the largest treasury in the market right now would be Uniswap

patience grasshopper
yeah but any in the market dont take uniswaps treasury into consideration because its made of more than 99% native tokens so it defeats the entire purpose.
plus uniswap doesnt do jack shit with their treasury. bitdao spends hundreds of millions each month trying to grow the ecosystem

why are they so focused on ETH though. they have more than 240k ETH. if the merge doesnt go well then this might not be too good for the dao

prob from previous eth thefts from rug pulls and rebranding horrible tokenomics to boot

>more than 240k
thats literally nothing chill

they're literally the 33rd largest ETH holder on the market. thats more than what some exchanges on the market even have
240k is a big fucking deal stop larping

literally read the first section of the thread. you'll know where the funds come from
Bitdao is actually very transparent with how it acquires its funds