BitDAO Proposes $200 Million Mantle Ecosystem Fund

BitDAO has released MIP-24: Mantle Ecosystem Fund Proposal, jointly drafted by Mirana Ventures and the core contributors of Mantle. The proposal aims to deploy $200 million within the Mantle ecosystem, with $100 million supported by the Mantle Treasury for the Ecosystem Fund, while the remaining $100 million will be composed of external matching funds provided by strategic venture partners. The goal of the Mantle Ecosystem Fund is to deploy over 40 projects on the Mantle ecosystem within 3 years and achieve a financial return of 1.5x MOIC. Mantle is an L2 network launched by BitDAO and underwent a brand merge in May. BitDAO has approved a governance proposal.

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