Space ID Partners with Latch to Generate Yield from Idle Treasury
Space ID Partners with Latch to Generate Yield from Idle Treasury
🤑 Sleeping Money Wakes Up
Space ID Protocol is implementing Latch yield vaults to transform their dormant treasury funds into active DeFi yield. This strategic move aims to:
- Generate passive income for ecosystem growth
- Support long-term governance initiatives
- Enhance protocol sustainability
A Galxe campaign has been launched to celebrate this partnership, offering rewards to participants. This implementation demonstrates how idle DAO treasuries can be optimized for community benefit.
Key Impact: Treasury funds will now actively contribute to protocol development instead of remaining dormant.
Need another reason to join Latch? 🤔 How about 1,000,000? @SpaceIDProtocol idle funds 💤 are turning into DeFi yield due to @UseLatch 😎 Petition your favourite project to do the same 🫵 Join our @Galxe campaign now! 🎉 Prizes await: app.galxe.com/quest/SPACE%20…
Latch is ready to transform dormant treasury, into active yield % for everyone 🚀 We're celebrating with @SpaceIDProtocol by launching a Galxe campaign, you can join it here: app.galxe.com/quest/SPACE%20…🥳 More to come soon 👀
We have BIG news! 😍 Our DAO just approved transferring $1M of idle treasury funds into the Latch protocol for DeFi yield 💸 It’s official 🫡 we’re partnering with @UseLatch 🥳 $1,000 of ID and 200 gift cards are up for grabs! @Galxe campaign here: app.galxe.com/quest/SPACE%20…
Currently a portion of @SpaceIDProtocol DAO’s treasury is remaining idle. Latch yield vaults will allow SPACE ID to generate passive income to facilitate its long-term ecosystem growth and governance initiatives This is turn will promote growth, features, and so much more 🥳
A brand new proposal for the community 🥳 Our current funds are idle, what if we could simultaneously earn yield on those idle funds, AND have instant liquidity? That's what we're proposing today with @UseLatch Check out the link to cast your vote! 👇 snapshot.box/#/s:dao.spacei…
