HTX DAO's first liquidity donation took place on March 15, catalyzing orderly governance within the HTX DAO ecosystem
TechFlow Selected TechFlow Selected
HTX DAO's first liquidity donation took place on March 15, catalyzing orderly governance within the HTX DAO ecosystem
This liquidity donation is intended for the first quarter and has been advanced due to high user expectations; March revenue is estimated.
Navigating Web3 tides with focused insightsThe first round of HTX DAO liquidity donation was conducted on March 15. In the first quarter of 2024, HTX DAO received a total of $21 million in ecosystem liquidity donations, consisting of 50% of Huobi HTX platform revenues and 50% from other institutions. To better provide liquidity for the HTX token, the full amount will be allocated to adding HTX-TRX liquidity across the following platforms: $16.8 million (80%) added on Sun.io; $2.1 million (10%) added on Uniswap (ETH); $2.1 million (10%) added on Pancakeswap (BSC). (The quantity of HTX tokens used for liquidity provisioning is calculated based on the real-time price of the HTX token.)
The above-mentioned donated liquidity will be sent to the 0x0 address, with the addresses and transaction hashes as follows:
Tron: T9yD14Nj9j7xAB4dbGeiX9h8unkKHxuWwb
Hash: https://tronscan.org/#/transaction/0af50a677aebd6de0056bdc8727232305348ead10f98aa359b7978284dba1700
ETH: 0x0000000000000000000000000000000000000000
Hash: https://etherscan.io/tx/0xbb19dc3cdb0be7c87aff664a20897ca641540e1aaef09973424a0b1ac1762f07
BSC: 0x0000000000000000000000000000000000000000
Hash: https://bscscan.com/tx/0x0c962da1c9b67a4ddcf5dca140438a8edc82344bec36e07b9ec2679d38746d4d
Notably, this liquidity donation represents the first-quarter contribution, which was advanced due to high community expectations. The revenue figure for March is an estimate. The total donation amount reflects contributions from all participating partners.
Ecosystem liquidity donors are participants who voluntarily contribute liquidity to support the ecosystem and are key members of HTX DAO. All major HTX DAO participants collectively drive the development of a more robust ecosystem by expanding DeFi use cases, incentivizing broad developer participation, enhancing smart contract interactions, and supporting diverse dApp scenarios.
In the design of the HTX DAO Ecosystem Liquidity Donation mechanism, Huobi HTX commits 50% of its platform revenue to liquidity donations for HTX DAO. Additionally, ecosystem builders including Poloniex, BitTorrent, APENFT, JustLend DAO, Sun.io, USDD, WINkLink, and TUSD flexibly stake liquidity according to their project conditions, collectively contributing to the HTX DAO ecosystem. An increasing number of partners are choosing to strengthen HTX DAO’s capabilities through staking.
The HTX DAO ecosystem liquidity donation mechanism is carefully designed to empower the HTX DAO ecosystem, promote decentralization, and simultaneously address concerns related to security and centralization. This mechanism not only strengthens the resilience and self-sufficiency of the ecosystem but also ensures transparency and accountability across all operations. By introducing this innovative approach to support the growth of the HTX DAO ecosystem, it attracts diverse contributors from the broader community, fostering a collaborative and inclusive effort to strengthen the entire DeFi ecosystem.
Ecosystem liquidity donors are participants who actively and voluntarily provide liquidity to the ecosystem and are vital members of HTX DAO. All key HTX DAO participants collectively advance a more robust ecosystem by expanding DeFi application cases, encouraging widespread developer engagement, enhancing smart contract interactions, and supporting various dApp scenarios.
HTX DAO was announced on January 18, 2024, marking a significant step forward in blockchain-based decentralized governance. The HTX DAO ecosystem has welcomed 19 major contributors, including Huobi HTX, TRON, Poloniex, BitTorrent, Spark Digital Capital, APENFT, Stratified Capital, JustLend DAO, OIG Group, Double Peak, stUSDT, Zebec, USDD, ANKR, Sun.io, Merkle 3s Capital, WINkLink, TUSD, and Owlit Finance. These key contributors represent leading innovators across various sectors of the blockchain industry. HTX DAO maintains exceptionally high standards for ecosystem transparency and community participation and will continue building a diverse and vibrant ecosystem where contributors, innovators, and stakeholders jointly advance the development of the blockchain industry.
About HTX DAO
As a multi-chain decentralized autonomous organization (DAO), HTX DAO demonstrates an innovative governance model. Unlike traditional corporate structures, it adopts a decentralized governance framework composed of a diverse group of participants, all collectively committed to advancing the success of the organization. This unique ecosystem promotes open values and encourages all DAO participants to propose collaborations and protocol enhancements that further the development of HTX DAO.
Contact Information
HTX DAO
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
@HTX_DAO
