/BitDAO/ - General:

>Treasury Growth:

Currently BitDAO has the largest treasury in the crypto worth around $1.55 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 29th on Etherscan. Their treasury currently holds around 260,000 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:

- 1,015,539,391 BIT (40.98%)
- 257,893 ETH (27.26%)
- 238,643,890 USDC (15.4%)
- 129,318,989 USDT (8.37%)
- 3,362,316 FTT (5.71%)
- 7,803 Univ3 LP WETH (0.83%)
- 10,000 PEEPS (0.42%)
- 2,132,235 xSUSHI (0.23%)

It is very rare to see treasuries that are this diverse in this market. 40% 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: BitDAO.jpg (1600x900, 66.93K)

i still have no idea what their purpose is in life
like i get it, they legit have liquidity but what are they doing with it? are they just... hoarding it?

they use their treasury to fund multiple other projects
>zkDAO
>Game7
>EduDAO
Plus they naturally have to hoard a certain amount since BIT is backed by the treausry
the more liquid the treasury is the less likely their token is to be affected by flash dumps

yet price still tanked kek

not really
compare them to other coins ad you'll see that they actually held up pretty well

>liquid
theyre fucking ETH maxis how are they liquid

motherfucker, they have a shit ton of stablecoins

Attached: bitDAO treasury.png (1988x1356, 610.99K)

holy mother of god

Price didnt tank
The entire market did

despite the annoying shills i sometimes see, bitdao is actually more than decent as both a project and investment
this is why i like general posts, theyre actually informative