Mantle Network Proposes Allocating $238 Million to Promote Ecosystem Development

Mantle Network has released a proposal regarding the use of treasury funds to foster ecosystem growth. The proposal includes providing up to $160 million in liquidity support for applications, offering initial liquidity of up to $60 million for Real-World Asset (RWA) backed stablecoins, and granting liquidity support of up to $18 million for third-party cross-chain bridges.

Mantle Network is an Optimistic Rollup developed by BitDAO. According to DeepDAO data, BitDAO's treasury holds over $3.1 billion in total funds. Recently, BitDAO and Mantle Network have been actively managing their substantial treasury funds. Previously, Mantle Network passed a community proposal to stake up to 200,000 $ETH from the Mantle Treasury and has already staked 40,000 $ETH through Lido Finance.

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