Long-time crypto investment DAO Jade Protocol community member suggests liquidating $31 million in treasury funds

Odaily Planet Daily News VampireOfCrypto, a long-term community member of the crypto investment DAO Jade Protocol, suggested liquidating $31 million in treasury funds. It proposed that the DAO "posed significant investment risks to all token holders" and should be closed. In addition, DAO senior member Kevin Randleman called for the establishment of a $2 million “legal defense fund” to help core contributors gradually disband the DAO after it is approved for dissolution. It is reported that Jade Protocol is an investment organization looking for early-stage cryptocurrency transactions. Its native token JADE is traded on Avalanche and BNB Chain, mainly as a ticket to enter the community. (CoinDesk)