- Stellar Foundation moved 2.7B XLM internally to align holdings with its updated mandate structure.
- The foundation now groups XLM funds into Development, Product & Innovation, Growth, and Assets & Liquidity.
- Stellar Expert publicly labels and tracks all foundation accounts.
The Stellar Development Foundation has adjusted how it manages its XLM holdings to improve transparency.
The foundation moved more than 2.7 billion XLM between internal accounts. The change follows an updated mandate framework shared last year. The foundation intends the move to clarify how funds support the Stellar network and its ecosystem.
Updated Framework Guides Use of XLM Funds
The Stellar Development Foundation published an updated framework last year.
The framework explains how entrusted XLM supports network growth and ecosystem development. It outlines structured categories for the foundation to use funds.
The framework was designed to provide clarity to the public. It also aimed to align internal fund management with stated priorities.
These priorities include development, innovation, and long-term network health.
The foundation stated that the framework helps explain funding decisions. It also helps observers track how the foundation allocates resources.
This approach reflects a structured treasury management process.
Transfer of 2.7 Billion XLM Between Accounts
On-chain data shows that the foundation moved 2,738,473,022 XLM between its accounts.
The transfer moved funds from the Growth 3 account. The foundation labeled the receiving account Assets and Liquidity.
The transaction was completed on the Stellar network. Both sending and receiving addresses are publicly visible. This allows independent verification of the transfer details.
The foundation stated that the move improves clarity around fund usage. The transfer did not indicate a sale or distribution. It reflected an internal reclassification of holdings.
Accounts Now Aligned With Four Mandate Categories
Foundation accounts are now mapped to four mandate allocations.
These categories are Development, Product and Innovation, Growth, and Assets and Liquidity. Each account is labeled accordingly.
The labeled accounts are visible on Stellar Expert. This allows users to track balances in real time. It also reduces confusion around the purpose of each account.
By labeling accounts, the foundation aims to simplify public review.
Observers can now see how XLM supports each mandate. The structure creates a clearer separation of responsibilities.
Transparency Through Public Ledger and Reporting
The Stellar network uses a public ledger. All account balances and transfers are visible. This supports transparency for foundation operations.
The foundation stated that the updated structure ensures clarity. It also helps external parties follow fund movements. Public access allows ongoing review without private disclosures.
Live balances can be viewed through public tools. The foundation has directed users to review the updated mandate.
The foundation takes these steps to maintain openness around treasury management.
The reorganization does not change the total XLM held. It changes the way the team categorizes those holdings.
The foundation continues to use XLM to support network development and ecosystem activity.
Source: https://www.livebitcoinnews.com/stellar-reorganizes-2-7b-xlm-holdings-under-new-mandate-structure/
