On July 1st, Alice und Bob, a member of the Polkadot community, recently released the Polkadot Treasury report for the first half of 2024 at the official governance forum. The main points are as follows:
Treasury allocates $87 million ($11 million) in the first half of 2024, with 13% of expenditures coming from executing entities (bounty and collective);
2. Treasury manages $245 million (38 million DOT) of assets, of which $188 million (29 million DOT) are current assets;
3. Stablecoins: 8 million dollars in its cash reserves are stablecoins USDT and USDC, and another 2.50 million DOT (16 million dollars) are used to continuously buy stablecoins;
4. Designated assets: $24.50 million (3.80 million DOT) is allocated to several execution entities (bounty and collective) of Polkadot for strategic plans such as marketing, DeFi tools, games, BD, etc., and $6.40 million (1 million DOT) is allocated to game vertical airdrops;
5. Polkadot has provided 1.60 million DOT (about $10 million) of its own assets as liquidity to the DeFi market in the ecosystem;
6. At the current rate of spending, the Treasury still has about 2 years of runway time (volatility in cryptocurrency-denominated treasury may affect that time).
Polkadot Treasury allocated $87 million in the first half of this year and currently manages $245 million in assets
2024-07-01 15:26:15
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