Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Polkadot’s new proposal was approved by voting, and it is planned to regularly exchange part of the DOT in the treasury for salary payment

Polkadot’s new proposal was approved by voting, and it is planned to regularly exchange part of the DOT in the treasury for salary payment

CointimeCointime2023/12/06 07:33
By:Cointime

Governance page display, Polkadot OpenGov proposal #231 has been voted through. The proposal suggests using the scheduled investment function of the HydraDX exchange in the Polkadot ecosystem to periodically exchange part of the treasury's DOT for USDT and accumulate it for payment of salaries to Technical Fellowship members.The total exchange amount for this exchange plan is 469,000 DOT, with transaction fees accounting for approximately 0.4% of the total exchange amount. The exchange is carried out approximately every 36 minutes, with 250 USDT obtained per transaction and 10,000 USDT obtained per day.

0

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Ripple & MoonPay Donate $50k RLUSD to LAFD Firefighters

Further, Ripple has come forward and stated that there are many more ways they can support firefighting efforts now.

Cryptotimes2025/01/12 01:44

Looking back (and ahead) a year after bitcoin ETF approval

Bitwise argued in its 2025 outlook report that bitcoin ETFs will attract more flows in 2025 than they did in 2024

Blockworks2025/01/12 00:44