Transparency Update: Strengthening the DIMO Ecosystem with Strategic Financial Management

A year has passed since the DIMO Foundation arranged a strategic partnership with a top global market maker. The DIMO Foundation facilitated a 25,000,000 $DIMO loan in March 2023 to improve how easily people can buy and use the $DIMO token. This initiative has significantly enhanced the liquidity and availability of $DIMO, making it more accessible and empowering more participants to engage with the DIMO ecosystem.

Under the terms of the original agreement, the market maker was given the option to purchase the loaned $DIMO for a fixed price of $0.33840 per token or return the original amount. 70% of the original loan has been paid back at that price, resulting in 5.9 million USDT coming into the treasury.

The remaining 30% of the original loan, along with an additional 5.5 million $DIMO, has been put towards an 18-month extension of the loan. This renewal underscores the sustained confidence in and commitment to the DIMO ecosystem's future.

With over $10 million USD in stablecoins and fiat now bolstering our treasury, the DIMO Foundation is better positioned than ever to fund vital grants and further development within the DIMO ecosystem. These funds are set to catalyze numerous upcoming projects, driving innovation and growth.

The DIMO Foundation remains vigilant and proactive in exploring additional market making agreements under the guidelines of DIP-6. The goal is to continually enhance the global reach and accessibility of $DIMO, supporting a flourishing ecosystem that benefits all stakeholders.