XAO DAO Approves Proposal 66 to Deploy 80% of XRP Treasury to Firelight

XAO DAO approved Proposal 66, authorizing a planned deployment of 80% of its XRP treasury to Firelight. The decision directs most of the DAO’s XRP reserve to one destination, setting the allocation’s share and intended recipient. The approval authorizes the plan; it does not establish that a transfer has been completed. XAO DAO co-founder Santiago Velez announced that Proposal 66 passed. The authorization specifies two core terms: 80% of the XRP treasury and Firelight as its destination. Four-fifths of the reserve gives Firelight a central role in the DAO’s approved treasury plan.

Source: TokenPost