CyberConnect used 1.08M $CYBER to Balance Multi-chain Liquidity

CyberConnect used 1.08M $CYBER to Balance Multi-chain Liquidity
Source: CyberConnect

In a most recent tweet, CyberConnect said: There was a mistake in the snapshot proposal CP-1 and so it was rejected. The intended usage of Community Treasury was 1,088,000 CYBER which was unlocked already but mistyped to a much bigger number. Only 1,088,000 CYBER were unlocked to Community Treasury so far, not the 10.888M stated before.

CyberConnect released an emergency proposal CP-1 earlier today, which will use the unlocked CYBER from the treasury to provide liquidity for cross-chain bridges. In the original proposal, it was stated a total of 7,000,000 CYBER-BSC and 3,888,000 CYBER-ETH can be used to maintain cross-chain bridge liquidity. This emergency proposal does not comply with the DAO 7-day voting period policy.

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