BitDAO Launches Community Vote to Deposit Up to $8.5 Million in BIT in ICHI Vault

Decentralized autonomous organization BitDAO launched a community vote to decide whether to deposit up to $8.5 million from its vaults in stablecoin solution ICHI for a 15% annual rate of return, creating yield for BIT holders, At the same time expand its liquidity on Uniswap. According to the proposal, BitDAO community members have four deposit options to consider, ranging from 1 million to 20 million BITs, and ICHI must commit to an internal rate of return of 15% for BitDAO treasury deposits in the first year, and voting is scheduled for 11 ends on the 10th. Foresight News noted that ICHI lets DeFi projects use their native tokens as collateral to mint their own dollar-pegged stablecoins.