BitDAO receives contributions from Bybit and the BIT token holders vote on how the assets under management are used. BitDAO has been involved in launching for example ZkDAO and Game7.

BitDAO is a DAO aimed to advance open finance and tokenized economy. BitDAO was founded by crypto exchange Bybit and launched in 2021.

BIT tokenholders own and govern the protocol. They currently manage the treasury. BitDAO’s investors include Founders Fund, Jump Capital, Pantera Capital etc.