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The Coin Republic vor 6 Tagen

Polkadot Eyes Bitcoin Reserve Plan Using 501K DOT in Yearlong tBTC Strategy 🔗

The Polkadot community has unveiled a plan to bolster its financial strategies by creating a Bitcoin reserve. This initiative involves converting 501,000 DOT, from the network’s treasury, into tBTC over a year using an automated dollar-cost averaging system.

The accumulated tBTC is intended for deployment in DeFi liquidity pools via a non-custodial bridge. This strategic move signifies a progressive step towards integrating more DeFi mechanisms within the Polkadot ecosystem, leveraging its existing assets to enhance financial diversity.

Quelle: ↗

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