Foresight News reports that Treasure DAO co-founder @smoldev__ stated that Treasure has extended its USDC funding chain to fall 2026, excluding the recovering MAGIC treasury bonds. More information will be disclosed in the quarterly report on Monday.
Foresight News previously reported that Treasure DAO's chief contributor John released a video stating that Treasure DAO is facing reorganization due to deteriorating financial conditions and will cease game operations and Treasure Chain. Currently, Treasure DAO's annual operating expenses amount to $8.3 million, while the current treasury has only $2.4 million left, expected to last until July 2025. To extend the funding chain, John proposed withdrawing the idle $785,000 from market maker Flowdesk. If approved, the stablecoin balance will increase to $3.2 million, potentially extending operations until February 2026. Additionally, the Treasure DAO ecosystem fund holds 22.3 million MAGIC (approximately $2.3 million), but if the MAGIC price plummets, the DAO may struggle to continue operations between this December and February next year.
