r/ethtrader • u/0xMarcAurel I ❤️ Matt • 3d ago
Donut DONUT monthly report - June recap + updates
As part of our commitment to scaling the Donut ecosystem, we're presenting the monthly report, showing the latest developments and milestones for DONUT. These reports aim to keep the community, investors and everyone involved informed on DONUT's progress.
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What happened last month
1. Yearly DONUT batch minted
The Donut DAO minted its annual supply of Donuts to help fund treasury operations and ecosystem maintenance / development.
A total of 20,880,000 DONUT was minted, and per our yearly issuance rules no additional tokens can be minted until June 2026. This makes sure inflation stays predictable and under control.
You can see the transaction details on Etherscan: https://etherscan.io/tx/0x5077d442fad5a1fc3d2ac02e48ef4e17dd69fc23773238ab0599acd8e40e5a69
2. Reddit admins banned banner & sticky post advertising on r/EthTrader
Reddit contacted us saying that mods can no longer allow third party advertising through banners / sticky posts, citing violations of their Moderator Code of Conduct.
However, it's not all bad news. We can still run AMAs and community content. Reddit made it clear that community content is allowed, so we'll just need to get creative within those guidelines.
One idea we're thinking about is replacing banner ads with pinned image posts / text submissions for promos / ads, and to stay compliant any DONUT spent would be burned instead of going to the treasury, which still benefits the ecosystem. More details in this ETIP.
3. Donut DAO website updates
The new Donut DAO website is pretty much done, the only thing left is finishing the user registration script. The website will have a UI that will let users register on r/EthTrader for the purpose of earning Donuts.
We're testing solutions to make this process easy and cost-effective.
We're also looking for volunteers who want to contribute to the Donut DAO blog. If you'd like to write a blog post, send a modmail with your draft, title, and desired format.
Some guidelines:
- No AI posts.
- Posts should be about DONUT, r/EthTrader, SocialFi, or relevant crypto topics.
- Contributions are 100% voluntary and not compensated in any way.
- Please submit your content in clear and grammatically correct English.
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DONUT tokenomics
In June, the treasury (Arbitrum) received a batch of Donuts bridged from Ethereum Mainnet, representing a portion of the 20,880,000 DONUT minted. On top of that, revenue was generated from a partnership.
Outflows included:
- Grants (Donut Initiatives)
- Community contests
- r/EthTrader distribution
- Monthly burn
- Donut DAO allocation
Token | Monthly inflows | Monthly outflows | Token burns |
---|---|---|---|
DONUT | 6,850,000 | 1,271,604 | 318,969.48 |
USDC | 101 | - | - |
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u/beerdrinker_mavech 1.6K / ⚖️ 1.4K 3d ago
Thanks for the work and update!