BitDAO community launched a new proposal to vote, and planned to plan 1 year budget fund for Ethereum L2 network Mantle

On February 14, the BitDAO community launched the BIP-19 proposal, which proposed to plan a one-year budget for the Ethereum L2 network Mantle launched earlier, including 10 million BITs and 14 million USDCs to cover the six-month operating expenses of the test network, and 145 million BITs and 34 million USDCs to cover the one-year operating expenses of the main network.

Interpretation of this information:

The BitDAO community recently launched a BIP-19 proposal with the objective of planning a one-year budget for the Ethereum L2 network Mantle that they had launched earlier. The proposal outlines a plan to allocate 10 million BITs and 14 million USDCs to cover the six-month operational expenses of the testing network, and an additional 145 million BITs and 34 million USDCs to cover the one-year operational expenses of the main network.

Mantle is an Ethereum layer-2 scaling solution designed to enhance the network’s throughput, speed and overall efficiency. It operates as a proof-of-stake chain with a novel architecture that aims to support high-speed transactions and reduce the level of network congestion on Ethereum. The BIP-19 proposal is part of BitDAO’s long-term strategy to ensure the sustainability and growth of the Mantle network by providing the necessary resources to support its operations.

The proposal suggests that the funds will be used to cover essential expenses like developer incentives, network maintenance costs, audits and other technical expenses. This allocation of resources is critical to ensure that the Mantle network is sustainable in the long-run, as it will enable it to attract developers and other participants who will contribute to its growth and development.

The BitDAO community’s proposal to plan a one-year budget is a sound decision that will position the Mantle network for success. It is likely that this proposal will appeal to investors who are looking for long-term growth opportunities and are willing to invest in solutions that are sustainable and well-funded.

The three keywords that summarize this content are BitDAO, Mantle, and Budget. BitDAO is a community of blockchain enthusiasts that are focused on developing innovative blockchain solutions. Mantle is an Ethereum L2 scaling solution designed to enhance the network’s throughput, speed, and overall efficiency. Budget refers to the proposed allocation of resources to cover the operational expenses of the Mantle network for both the six-month testing phase and the one-year operational phase.