MangoDAO, the governing body of Solana-based lending and trading protocol Mango Markets, has approved a $1 million investment in mSOL tokens aimed at diversifying the DAO’s treasury pool. mSOL is a SOL-linked token used to pay staking rewards.
MangoDAO’s treasury currently holds around $700 million worth of tokens. Brian Smith, a MangoDAO contributor who helped lead the treasury proposal, said: “Mango development team has contributed a lot, and I hope governance becomes more effective in the future”.
DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.