Cardano holders are reviewing a treasury proposal to deploy $5 million into tokenized cop a bet that requires prices to surge 49.4 percent from current levels just to recover the initial outlay.
Toto Finance submitted the proposal requesting 22 million ADA from the Cardano treasury. Of that amount, 67 percent would fund physical copper acquisition while 33 percent covers operational fees and transaction costs.
The math is stark: copper must reach a new all-time high for the trade to break even. Toto Finance projects a 69 percent price increase over two years, which if realized would move the position into profit.
Under the proposal terms, Toto Finance receives 3.36 million ADA in compensation—15 percent of the total requested amount.
Voting concludes Nov. 15.
