Plume Network Proposes $1M Acquisition of Dinero Protocol

Plume Network has put forward a proposal to acquire Dinero Protocol in a deal valued at $1 million, marking another consolidation effort within the decentralized finance (DeFi) space.

The proposal, published just two days ago, received overwhelming support in a community Snapshot vote with more than 99% approval, though it still requires further steps before becoming final.

Deal terms and treasury details

Dinero Protocol, known for products like pxETH and ipxETH, currently holds a treasury worth about $9.47 million. Its reserves include over 1,100 ETH (roughly $5.06 million), more than 9,300 SOL ($2.12 million), about $1 million in stablecoins, plus Convex tokens and other assets.

Plume’s proposal offers Dinero holders stablecoins with a 10% premium over the current market price, with redemption to be executed through a USDC contract.

For Dinero token holders, the buyout provides an exit option as the project’s token has dropped more than 90% from its peak.

Long-term holders may feel underserved, but so far, the treasury value now sits close to market capitalization, making this a rare chance to exit without deeper losses. Once finalized, Dinero’s governance will be dissolved, and all its products will migrate into Plume’s ecosystem.

Why Plume is moving forward

Plume Network, an EVM-compatible Layer 1 blockchain focused on real-world asset (RWA) tokenization, has grown quickly since its mainnet launch in mid-2025.

With over $500 million in total value locked and partnerships spanning both crypto-native and traditional finance institutions, Plume sees the Dinero integration as a way to expand its product suite while offering Dinero users a structured wind-down.

Crypto analyst @0xnoveleader on X highlighted that while the acquisition price may not please every Dinero holder, it represents a clean and “feasible” transition at a time when Dinero has faced persistent underperformance and limited growth options.

The planned migration ensures Dinero’s products remain active under Plume’s infrastructure, while holders receive USDC in exchange for their tokens.

If approved, the process will involve winding down Dinero’s DAO, converting treasury assets into USDC plus the $1 million premium, and launching a redemption contract for token holders.

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