XAO DAO to Deploy 80% of XRP Treasury Into Firelight
- —Proposal 66 passed, allocating 80% of the DAO's XRP treasury to Firelight
- —Deployment runs through Flare Smart Accounts by minting and depositing FXRP
- —XRP trades at $1.34, down 63% from its $3.65 all-time high
Why it matters: It marks an early case of a DAO putting treasury funds into a combined DeFi insurance and yield strategy, potentially setting a precedent for XRP holders.
Source: CryptoPotato