Of the leading Altcoins PolkadotThe community of the (DOT) community opened an important proposal to diversify the Treasury’s portfolio and to support the decentralized finance (defi) incentives in the ecosystem. According to the proposal developed in response to the “Wish-For-Change” referendum #1394, 500 thousand DOT held in Polkadot Treasury, Bitcoin gradually for about a year $107,041.02It will be converted to TBTC. This transformation will be carried out using Hydration’s “Rolling DCA” (gradual average cost) mechanism. TBTCs obtained, Threshold NetworkHydration will be added to Hydration Omnipool via the secure Bitcoin bridge of the Bitcoin bridge. The suggestion is currently being discussed in the forum and has not yet been presented to voting in the chain.
The process of creating a bitcoin reserve for Polkadot Treasury
At the center of the proposal Polkadot treasure‘The conversion of 500 thousand Dot Coin to TBTC is included. This transformation will take place in a process that spreads to one year instead of an instant purchase. Purchase transactions Hydration The “Rolling DCA” feature presented by the protocol will be made using the feature. This mechanism automates purchases in small pieces over time to reduce the effect of market volatility.
TBTC assets obtained after the transformation is completed Hydration omnipool‘A liquidity will be provided. This liquidity is developed by Threshold Network and users BitcoinIt will take place with a secure bridge technology that allows a third side to bring it to the Polkadot ecosystem without having to hide it. Those who support the proposal will both diversify their treasury assets. altcoin Polkadot argues that it will increase liquidity to promote defi activities.
The background of the proposal and expectations
The proposal emerged as a result of the referendum #1394, especially known as “Wish-For-Change ve and initiated discussions on the administration of Polkadot Treasury. He stressed that Bitcoin, who presented the proposal in the forum, has maintained his performance as one of the most powerful assets of the past decade. This is thought to offer an opportunity for Polkadot for an opportunity for Hedging. In addition, this step’s Altcoin Polkadot’s belief and support for a very Blockchain future crypto currency It is stated that it will clearly show its market.
The proposal has the potential to pave the way for the deeper integration of Polkadot ecosystem with a large class of being like Bitcoin. While the forum discussions continue, the proposal is expected to open an official vote in the chain at the beginning of next week.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
