According to Foresight News, Treasure DAO ecosystem co-founder @smoldev__ stated that Treasure has extended its USDC funding line until fall 2026, excluding the currently recovering MAGIC treasury bills. More information will be disclosed in Monday's quarterly report.
Previously reported by Foresight News, Treasure DAO's chief contributor John released a video stating that Treasure DAO is facing restructuring due to deteriorating financial conditions and will terminate game operations and Treasure Chain. Currently, Treasure DAO's annual operating expenses are as high as $8.3 million, while the current treasury has only $2.4 million left, estimated to last only until July 2025. To extend the funding line, John proposed withdrawing $785,000 of idle funds from market maker Flowdesk. If approved, the stablecoin balance will increase to $3.2 million, potentially extending operations until February 2026. Additionally, the Treasure DAO ecosystem fund holds 22.3 million MAGIC (approximately $2.3 million), but if MAGIC prices plummet, the DAO may struggle to continue operations between December this year and February next year.
