Polkadot Treasury allocates $87 million in the first half of the year, currently managing $245 million in assets
Polkadot community members Alice und Bob recently posted the following highlights of the Polkadot Treasury report for the first half of 2024 on the Official Governance Forum:
Treasury allocated $87 million ($11 million) in the first half of 2024, with 13% of spending coming from implementing entities (bounties and collective);
Treasury manages USD 245 million (38 million DOT) in assets, of which USD 188 million (29 million DOT) are liquid assets;
Stablecoins: $8 million of its cash reserves are in stablecoins USDT and USDC, and another 2.5 million DOT ($16 million) are used to buy stablecoins on an ongoing basis;
Designated Assets: $24.5 million (3.8 million DOT) is allocated to several of Polkadot's executing entities (bounties and collective) for strategic programs such as marketing, DeFi tools, gaming, BD, etc., and $6.4 million (1 million DOT) is allocated to gaming pendant airdrops;
Polkadot has provided 1.6 million DOT (~$10 million) of its own assets as liquidity to DeFi markets in the ecosystem;
At the current rate of spending, Treasury has about 2 years of runway left (the volatility of cryptocurrency-denominated treasuries may affect that length of time).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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