Mantle Core Proposes $200M Fund on BitDAO’s Governance Forum

• Mantle Core has proposed a $200 million fund on BitDAO’s governance forum.
• The fund aims to boost Mantle’s adoption among decentralized applications and developers. 
• The proposal laid a 3-year active investment period for the fund with an optional 2-year extension.

Mantle Core, the high-performance Ethereum layer 2 network built by the BitDAO ecosystem, recently proposed a multi-million dollar fund on BitDAO’s governance forum. Dubbed the Mantle EcoFund, the proposal is co-authored by Mantle and crypto asset management firm Mirana Ventures.

According to the proposal on BitDAO’s governance forum, the fund’s primary objective would be to support the developers and decentralized applications (dAPP) adoption of Mantle. Secondary objectives include supporting the builders of dAPPs, improving the sustainability of the Mantle EcoFund via consistent fund performance and returns, as well as attracting participation from reputable venture firms into the Mantle Ecosystem.

Mantle’s proposal is currently in the discussion stage asking for authorization from the BitDAO community to set up the Mantle EcoFund 1, along with a first capital call of 10 million US…

The post Mantle Core Proposes $200M Fund on BitDAO’s Governance Forum appeared first on Coin Edition.