Funding
Cardano Community Treasury Funds Copper Reserve
Cardano’s community treasury is considering a proposal to spend approximately $5 million on a copper reserve through Toto Finance. The reserve would be tokenized and would require the metal to rise nearly 50% above its current all-time high for holders to recover their original investment. Voting on the proposal closes on November 15, with about two-thirds of the funds allocated to purchasing exchange-grade copper stored in a COMEX-approved warehouse near New Orleans. The remaining funds cover storage, insurance, audits, and oversight.