News

On November 17, it was announced that Crypto DAO has launched a transparent mechanism protocol for decentralized finance, with "real collateral, a single minting entry, open-source treasury, and multi-signature governance" as its core structure. Through a verifiable on-chain mechanism, it provides a more transparent and standardized protocol framework for decentralized finance. The protocol adopts a collateralized minting system, with all token issuance executed by a single smart contract. The issuance path is public and there are no additional entry points, ensuring the transparency and traceability of the issuance mechanism. Treasury assets are made public on-chain, with a clear multi-signature structure, and the flow of reserves can be verified in real time, providing a solid foundation for the protocol's operation. Crypto DAO's stable price system (RBS) operates based on an on-chain automatic adjustment strategy, executing buybacks or reserve management operations during price fluctuations, while ensuring that reserves cannot be transferred out, thus providing a stable operating environment for the protocol. By combining collateral expansion, automatic compounding, buyback and burn mechanisms, Crypto DAO has built a mechanism-centered, transparency-based decentralized financial structure, presenting a clear and self-consistent operational model.

According to Jinse Finance, Arkham data shows that at 00:18 (UTC+8), 42.01 BTC (worth approximately $3.3058 million) were transferred from Cumberland DRW to an anonymous address (starting with bc1q2k6...).