MantleCore proposes $200M EcoFund on BitDAO’s governance forum
The proposal seeks to establish a $200 million fund to promote Mantle’s adoption.DeFiThe proposal seeks to establish a $200 million ecosystem fund to promote the adoption of Mantle among developers and decentralized applications .
These funds would be matched 1:1 by Mantle which plans to co-invest with strategic venture partners, bringing the capital pool to a whopping $200 million. The proposal read, According to the objectives laid out in the proposal, the fund would be used to encourage participation from reputable venture funds into the Mantle ecosystem.
The fund would be deployed within the Mantle ecosystem over the next 3 years from the Mantle EcoFund and Strategic Venture Partners. The investment period has been set as 3 years, with an optional 2-year extension down the road.
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