The Polkadot Treasury 1439 proposal jointly initiated by Bifrost and Hyperbridge was passed yesterday. The proposal aims to allocate US$3.5 million (approximately RMB 25 million) to establish liquidity in the Ethereum, Arbitrum, Base, BSC blockchain ecosystem to establish liquidity by DOT and vDOT (DOT LST). Developers can use this liquidity, Hyperbridge cross-chain and Bifrost SLPx SDK to freely carry out cross-chain combination and application development around DOT/vDOT in the above blockchain ecosystem, and share income to leverage Polkadot's cross-chain interoperability advantages.

Wu Shuo learned that the Hong Kong-listed company Jiami Technology announced that it would authorize the allotment of new shares, and the funds raised were intended to be used to develop Web 3.0 business, including the development of on-chain data analysis platform and DEX aggregator. The net proceeds from the Placing are capped at approximately HK$33.272 million, and approximately HK$11.646 million are expected to be allocated to develop DEX aggregators and on-chain data analysis platform.

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