Astar Network Prop #20 Vote
APR
21
Event date
Monday 21 April 2025, UTC
Event description
- Astar Network, a layer-1 blockchain focused on interoperability within the Polkadot ecosystem, proposed transferring its DAO Allocation to the newly formed Astar Finance Committee (AFC) to address challenges like sustained sell pressure on its native token, $ASTR, and limited treasury diversity.
- The AFC aims to generate sustainable revenue by strategies like providing $ASTR liquidity on lending protocols, staking in dApps, and investing in early-stage projects, with plans to burn or buy back $ASTR to mitigate inflation and support ecosystem growth.
- This governance proposal, live for voting on April 15, 2025, has garnered strong community support with 100% Aye votes (7.89M $ASTR) and zero Nay votes, reflecting confidence in the AFC’s potential to revitalize Astar’s ecosystem amidst its integration with the Soneium layer-2 network.
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