Blockchain native protocols get creative in crypto treasury arms race
The race to build crypto treasuries is accelerating as blockchain native protocols explore innovative ways to lock value into their ecosystems. Chainlink announced an onchain treasury to accumulate its native token from onchain service fees and offchain enterprise revenue, amassing holdings of 109,661.68 LINK valued at $2.6 million. This treasury uses revenue from enterprise clients and automatically converts payments into LINK without withdrawals planned for several years. Meanwhile, Cardano's founder proposed reallocating part of its ADA treasury into Bitcoin and stablecoins for buyback initiatives. Though this may create short-term sell pressure, it could potentially generate long-term gains according to experts. Another strategy comes from World Liberty Financial (WLFI), which is building a $1.5 billion treasury through a publicly traded company, opting for an immediate reserve structure. The development of these treasuries signals a strategic shift toward enhancing token demand rather than retaining passive reserves.
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