The post fears for a report from the tesoreria appeared on BitcoinEthereumNews.com.

Recently, various fears have spread due to a news regarding the Polkadot crypto ecosystem.  In reality, it was not a real news item, but information contained in the latest Polkadot Treasury Report. Crypto news: the treasury of Polkadot and the fears generated by the report The information that has generated some fear is related to the assets held by the treasury of Polkadot, with a total value of approximately 245 million dollars. In fact, according to some estimates, these funds might be sufficient only for another two years, if expenses were to remain as they are currently. The Polkadot Treasury Report of the first half of 2024 shows for the first time the entire amount of assets under the control of the treasury. These funds include not only DOT, but also USDT and USDC, and are held on three different chains.  It was therefore not easy to reconstruct it from the outside, so much so that the authors of the report themselves define Polkadot’s treasury as “complex and difficult to understand”. The report therefore aims to make this information known to everyone.  It is a report created for the first time trying to approach traditional accounting reporting practices, while previous ones focused only on direct expenses. In fact, the current report is also accompanied by a true and proper balance sheet. The assets held by the treasury As of June 30, 2024, the treasury of Polkadot managed 245 million dollars in assets, of which 188 million are liquid. Eight million dollars of these reserves are in the form of stablecoin USDT and USDC, with an additional 2.5 million DOT (approximately 16 million dollars) allocated for the continuous acquisition of other stablecoin tokens. In the first half of 2024, the treasury spent 87 million dollars, of which 13% comes from executive…

---

Filed under: News - @ July 3, 2024 1:16 am