$DOT : Let's Talk a bit more Treasury Report! 💥

We saw some chatter about Polkadot's recent Mid-Year Treasury Report, and we wanted to break it down for you (don't worry, we got you!). 😤

Here's the skinny: 💻👇

🔘 Burning Bright? DOT is burning at a rate of about $87 million every six months, or $13 million a month.🔥

🔘 Revenue Stream? The Treasury only brought in $250,000 in network revenue for the first half of 2024. 💸🤧

🔘 Running in the Red? Polkadot is spending more than it's making. In the first half of 2024, they spent over 11 million #DOT while only earning 2.8 million. 📉

🔘 Cash Flow Concerns? Most of the Treasury's cash (95%) is tied up in DOT, with only a small amount in stablecoins. This could be a problem if they need cash quickly. 🫢

🔘 Loaning a Hand? The Treasury loaned 500,000 DOT to an app called Bifrost. Bifrost uses DOT to offer staking rewards, but the sustainability of these rewards is unclear.

🔘 Income Breakdown: Polkadot's income comes from network fees, DOT inflation, and other sources.

There are some valid concerns about Polkadot's Treasury. 🙄 However, DOT has its supporters and critics. We hope this info will keep you informed 💪 and again DYOR and invest responsibly!! #altcoins

Thanks Wu Blockchain for info!! 🙏👍