Mantle Core recently submitted a proposal on BitDAO’s governance forum for discussion among the DeFi protocol’s community members.

The proposal seeks to establish a $200 million ecosystem fund to promote the adoption of Mantle among developers and decentralized applications (dApps).

Mantle is a high-performance Ethereum layer-2 network developed by the BitDAO ecosystem with aligned strategic interests.

As per the proposal submitted for discussion in BitDAO’s governance forum, the Mantle EcoFund 1 would require a seed capital of 10 million USDC from the BitDAO Treasury, followed by an additional $100 million.

These funds would be matched 1:1 by Mantle which plans to co-invest with strategic venture partners, bringing the capital pool to a whopping $200 million.

(By Suzuki Shillsalot)

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