Key Takeaways:
- MonkeDAO, one of the leading Solana-based decentralized autonomous organizations (DAOs), has acquired zBTC, making it the first DAO on Solana to have Bitcoin-backed reserves.
- zBTC is a Bitcoin-pegged token native to Solana that allows DAOs and DeFi protocols to access Bitcoin liquidity without leaving the ecosystem.
- Holding Bitcoin reserves provides greater financial stability by reducing exposure to SOL’s volatility and enhancing long-term treasury resilience.
- The move is consistent with the general trend of DAOs diversifying treasuries with Bitcoin-backed assets to mitigate risk and provide liquidity.
MonkeDAO’s Bitcoin Reserve Strategy
In a notable change in the way that DAOs & asset management, MonkeDAO has added zBTC to its treasury. Rather than using Solana’s native coin (SOL) or stablecoins to manage its treasury, MonkeDAO is now using Bitcoin reserves to create more diversified treasury holdings & reduce…
