๐ Polkadot Eyes Bitcoin Reserve โ 500,000 $DOT to Be Converted via tBTC
๐ข Polkadot is making strategic moves with a bold proposal:
๐ Convert 500,000 $DOT into tBTC (an Ethereum-based, BTC-backed token)
๐ง Powered by Hydrationโs โrolling DCAโ mechanism to steadily build reserves over a year
๐ฏ The goal? Create a Bitcoin reserve to diversify and strengthen Polkadotโs treasury.
๐ฌ The $DOT community is split โ some see innovation, others raise concerns over risk and strategy.
๐ One thingโs clear: cross-chain finance is accelerating, and networks like Polkadot are pushing the envelope.
๐ก Could this be a blueprint for other ecosystems?
#Polkadot #Bitcoin #tBTC #Web3 #Crypto
https://coingape.com/polkadot-explores-bitcoin-reserve-plans-converting-500000-dot-tokens/