Cardano developer donates 460 thousand dollars to Cardano Treasury on the island despite immersing markets
- Cardano developer Sebastien Guillemot donated $ 460,000 to the Cardano Treasury by his DCSPark’s team.
- The contribution includes $ 400,000 credit and $ 60,000 interest calculated as 6% April.
- The donation was provided with the newly added chain treasure donation feature supported in an updated Cardano Rust SDK.
Cardano received a serious vote of confidence from their ranks. Sebastien Guillemot – A very respectable voice in the Cardano community – Recently described DCSPark donated 686,567 islands to the Cardano Treasury worth approximately $ 460,000 during the contribution.
It wasn’t just a symbolic gesture. The amount includes a loan of $ 400,000 with an interest of $ 60,000, and the entire transaction was made possible by a newly published treasury donation mechanism, which DCSPark helps it to be implemented.
Cardano contribution with interest energy
Guillemot announced that the donation has been planned for a while, but the team was postponed while waiting for the donation feature to the treasure to be broadcast in the chain. In order to ensure fairness, they followed 6 $ 60,000 during the retention period of 6% (APR) at a rate of 6% (APR) annually.
This was not a situation for the theory meeting application – a builder who donated using the tools they built. Guillemot and DCSPark also released an upgraded Cardano Rust SDK specially designed to support the new donation feature, which facilitated other developers to follow the clothes and contribute directly to the future of the protocol.
Maybe the most interesting detail? The island used for donation was purchased only days ago at an average price of $ 0.67 per coin. Simple Math puts the contribution to the 686,567 island a little below the island – a great gift for the network of war.
However, the price of the island has not been constant since the purchase process. Like most of the crypto market, Cardano also saw a sharp sales and fell to approximately $ 0.5231 during writing.
Guillemot is not uncomfortable with price drop. Instead, Cardano stressed the long -term impact on increasing the reserve of the Treasury. With more funds for grants, development and future initiatives, this donation ecosystem can create a strong precedent for its own sustainability.
According to him, real builders do not expect excellent conditions – they create them. DCSPark doubles both the code and the capital, doubled Cardano’s future.
