🚀 Aleph Zero Mainnet Successfully Upgraded To Version 13.4
#AlephZero #MainnetUpgrade #Version134 #AZERO #TokenSupply #EconomicStability #InflationModel #Blockchain
According to Odaily, Aleph Zero's mainnet has been successfully upgraded to version 13.4. This new version introduces a maximum supply cap of 520 million AZERO tokens, marking a significant step towards enhancing the network's economic predictability and long-term stability.
The upgrade also brings a new inflation model featuring an exponentially decreasing issuance rate. In the first year following the upgrade, 27 million AZERO tokens will be issued, replacing the previous model which issued 30 million AZERO annually. This change aims to gradually reduce inflationary pressure over time.#AlephZero #MainnetUpgrade #Version134 #AZERO #TokenSupply #EconomicStability #InflationModel #Blockchain
🚀 Polkadot Treasury Report Reveals $133 Million Expenditure In 2024
#Polkadot #TreasuryReport #DOT #Expenditure #DeFi #EcosystemExpansion #Development #BusinessDevelopment #Stablecoins #OpenGov #InflationModel #CryptoFinance #Blockchain #CommunityDriven #EconomicGrowth
According to Odaily, Polkadot's 2024 treasury report indicates a total expenditure of $133 million on various operational and developmental activities. These funds are allocated through community-driven project proposals, which are discussed and voted on by all DOT stakeholders. The spending is categorized into seven areas, including research and development, ecosystem expansion, economic and talent pool growth, business development, and network operations. The balance sheet shows assets totaling $211 million, approximately 31.2 million DOT.
In terms of assets, $157 million (around 23.4 million DOT) is available for discretionary use. There is a cash reserve of $11.6 million that can be utilized as stablecoins, along with 4 million DOT (approximately $26 million) designated for automated stablecoin acquisition. Additionally, $41.6 million (about 6.1 million DOT) is allocated for strategic initiatives such as marketing, DeFi tools, gaming, and business development. The DeFi market operations have received an investment of $12 million (around 1.8 million DOT).
The treasury's expenditure for 2024 amounted to $133 million (approximately 19.9 million DOT). After accounting for inflation and burn, the net loss was 15 million DOT. The top three spending categories were ecosystem expansion ($48 million), development ($32 million), and business development ($19 million).
Bounties and collectives accounted for 19% of the spending, totaling approximately $25 million (3.8 million DOT). In the latter half of the year, Polkadot DAO incorporated stablecoins into its asset portfolio, acquiring $32 million worth of stablecoins, with $17 million already spent.
OpenGov is actively deploying funds into the economy, with $15 million (around 2 million DOT) allocated as DeFi incentives and $12 million (approximately 1.8 million DOT) provided as liquidity to four different DeFi protocols.
The inflation model has been adjusted to provide the treasury with a stable annual income of 18 million DOT, facilitating more predictable budget planning.#Polkadot #TreasuryReport #DOT #Expenditure #DeFi #EcosystemExpansion #Development #BusinessDevelopment #Stablecoins #OpenGov #InflationModel #CryptoFinance #Blockchain #CommunityDriven #EconomicGrowth
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