TechFlow news: Acala has proposed a new initiative to convert all LCDOT and DOT into LDOT to enhance reserve growth. This aims to improve the redemption standard of aSEED, targeting a value at or above $1.
After the conversion, the aSEED treasury holds 38,132,802.4 ACA, 1,027.8 DOT, 13,799.4 LDOT, and 5,470.4 LcDOT.
The goal of the aSEED treasury is to grow its assets through staking and other mechanisms to meet or exceed the redemption threshold. It is recommended to convert all LcDOT and DOT into LDOT.
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