News/Ren DAO Votes to Approve Proposal Regarding Setting up Ren Foundation and Minting New Ren Tokens

Ren DAO Votes to Approve Proposal Regarding Setting up Ren Foundation and Minting New Ren Tokens

Dec 23,2022,11:45

The Ren DAO has approved the proposal regarding setting up a Ren Foundation and minting new Ren tokens to it through voting. The results of the vote for minting 200 million, 150 million, 100 million and 50 million tokens were 80.78%, 1.08%, 2.05% and 10.97%, respectively. 

According to the proposal, the weighted average of the voting power allocated towards above options will be the final amount to be minted to the Ren Foundation.

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