💰 Nouns DAO, one of the largest DAOs on Ethereum, has decided to hold ETH in mETH.
It's been a while since I've heard about NounsDAO @nounsdao...
Anyway! This DAO announced that they will convert their ETH into mETH from Mantle @Mantle_Official!
✔️ Reference
(2025.02.09) Ethereum Foundation moves 50k ETH ($132m) to DeFi wallet, is profit generation about to start? (
(2024.07.21) Arbitrum Foundation officially diversifies treasury with USDY and RWA assets (
As mentioned before, more and more foundations and crypto-holding entities are moving towards generating profits with their treasuries by holding assets like:
Instead of simple USDT, they are opting for USDe or sUSDS,
Instead of just ETH, they are choosing stETH, mETH, cmETH,
Instead of just SOL, they are going for FragSOL, JitoSOL,
It seems like Mantle's cmETH, FBTC, and others are targeting various Web3 companies, as well as Web2 companies, while aiming for Mantle banking + MI4.
✔️ Reference
(2025.02.08) Enhanced Index Fund: Mantle's upcoming ambitious project (
(2025.04.25) Is real Mantle banking coming soon?! Launch of the largest MI4 (Mantle Index Four) fund/index with Securitize! (
If crypto achieves mainstream adoption, the winner will be the one that allows large asset holders and institutions to hold income-generating assets like staking ETFs!
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#MANTLE #MNT #Bybit #Mantle
.@nounsdao has approved a 1,000 ETH allocation to mETH
A coordinated step between two ecosystems focused on credible capital, infrastructure participation, and long-term alignment
Learn more below
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