1 year ago
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The post CyberConnect Uses CYBER from Treasury for Liquidity! appeared first on Coinpedia Fintech News
CyberConnect, a blockchain project, has released an emergency proposal CP-1 that will provide liquidity for cross-chain bridges. The proposal will use the unlocked CYBER from the treasury, totaling 7,000,000 CYBER-BSC and 3,888,000 CYBER-ETH. This move comes as a response to address the liquidity issues faced by cross-chain bridges. However, this emergency proposal does not comply with the DAO 7-day voting period policy. It remains to be seen how the community will react to this decision and whether it will achieve its intended purpose.
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