Mango DAO Embraces SOL, Rejects BTC With $1M Treasury Investment

Mango DAO Embraces SOL, Rejects BTC With $1M Treasury Investment

Brian Smith, a Mango DAO contributor who helped spearhead the treasury proposals, told CoinDesk the mSOL proposal was successful because it “hedges out some of the future price risk” that Mango Markets incurs by operating its trading rails with SOL. Plus, mSOL, the Marinade Finance-issued liquid staking token, offers the benefit of staking yield.

Originally Posted on: https://www.coindesk.com/tech/2022/03/22/mango-dao-embraces-sol-rejects-btc-with-1m-treasury-investment/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
By: Danny Nelson

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