Bybit donates $134M to BitDAO and integrates Arbitrum By
The news about crypto derivatives exchange Bybit was two-fold Thursday, as the company announced via Twitter (NYSE:) its $134 million contribution to the BitDAO Treasury in the form of Ether (ETH), (USDT) and (USDC), as well as the completion of the integration of layer-2 solution Arbitrum.
Currently, BitDAO has one of the largest decentralized treasuries and it recently funded a $200M zkDAO to further build on zkSync and scale Ethereum. Bybit’s investment attests to its confidence in BitDAO to lead and support DeFi projects. Bybit joins other backers such as Peter Thiel, Founders Fund, Pantera, Dragonfly and Spartan.
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