Aera Protocol Opens to General Availability with $8 Million Token Sale Led by Bain Capital Crypto
NEW YORK, Oct. 26, 2023 /PRNewswire/ -- Aera, the world's first autonomous treasury management protocol for Decentralized Autonomous Organizations (DAOs), today announced its official general availability launch and the closing of an $8 million token sale, led by Bain Capital Crypto. The pre-launch funds generated from the token purchase will be used exclusively for development and maintenance of the Aera protocol.
- The pre-launch funds generated from the token purchase will be used exclusively for development and maintenance of the Aera protocol.
- "We harnessed the expertise of dedicated engineers and researchers who understand the intricacies of economic risk management and applied it to Aera.
- The new protocol gives DAOs sophisticated, yet responsible treasury management capabilities, without requiring costly trade-offs in decentralization, decision-making quality, or incentive alignment."
- Protocols and institutions currently manage more than $4.3 million of their treasuries using Aera.