In a bid to put some of its treasury’s $1.7 billion nest egg to use, Uniswap’s DAO may soon send $12 million to a little-known protocol for a 20% share in its future governance token supply.
Uniswap passed a temperature check over the weekend to invest some of its native token stash (UNI) in the recently-founded Ekubo Protocol. This kind of poll is a measure of sentiment, positive or negative, ahead of an official decision-making vote.
One industry member said the pending investment could present a new paradigm for DAO treasury management as such groups struggle to put their capital to use.
Ekubo Protocol is an automated market maker (AMM) built on the layer-2 protocol Starknet….
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