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Hive InvestmentsHive Investmentsby0x08Ed752522E6a592e218bf9BD41ea3b66E1A2bBd0x08Ed…2bBd

Investment into $DAG

Voting ended almost 4 years agoSucceeded

We have noticed a unique opportunity in the Constellation Network that would allow us to reallocate funds from our Anchor exposure to create a DAG Node(s). The Constellation Network is a “Layer 0” protocol with zero fees and theoretically infinite scalability.

The DAG network also has the capability of interacting with any web2 system, to cause a large-scale integration between legacy systems and web3. DAG has been developing in-house technology to find solutions to the common issues that blockchains face as they scale. DAG is in a unique position to take advantage of the shift that is happening from web2 to web3. This is expanding on our same thesis behind the BAYC exposure.

The true growth of our investments and of crypto as a whole is the ability to allow an easy onboarding process for people to transition into crypto. We’ve decided to structure this investment with a way of de-risking our exposure to the Anchor protocol.

The Constellation Network also has a plethora of partnerships ranging from the US Airforce to AWS, these web2 and governmental organizations will help expedite the process that they have set out to achieve. We still have sufficient funds earning yield on Anchor, and can use these DAG nodes to supplement our other yield from Anchor.

Each DAG node is 250k DAG, which at current prices ~ $40,000. constellation-network_1644245480.png

Off-Chain Vote

1 DAG Node
1 Bees0.5%
2 DAG Nodes
13 Bees6.8%
3 DAG Nodes
5 Bees2.6%
4 DAG Nodes
165 Bees85.9%
No DAG Nodes
8 Bees4.2%
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Timeline

May 02, 2022Proposal created
May 02, 2022Proposal vote started
May 03, 2022Proposal vote ended
Oct 26, 2023Proposal updated