Dec 30, 2019
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Input Output bag
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Cardano development teams wants almost $50 million for Bitcoin DeFi and Vision 2030
Make CryptoSlate preferred on Input Output Global, the primary software laboratory behind the Cardano blockchain, has halved its annual treasury funding request, asking the network’s decentralized governance body for $46.8 million to finance its 2026 operations. The pullback marks a deliberate transition away from single-entity dominance, pivoting the ecosystem toward a future where specialized…
ADA news: Bitcoin DeFi pitched in $46 million proposal ask by Cardano team
The engineering organization behind Cardano submitted nine proposals totaling $46.8 million for the 2026 voting cycle, down from $97.5 million last year.
➤ Input Output, the engineering organization behind Cardano, is seeking $46.8 million in funding for 2026, a significant reduction from the previous year, to support scaling initiatives and the development of Bitcoin DeFi on the Cardano blockchain. ➤ Key proposals include 'Leios' for a 10-65x increase in transaction processing capacity, aiming for over 1,000 TPS, and 'Pogun' to enable Bitcoin holders to participate in DeFi lending and yield generation on Cardano without centralized intermediaries. ➤ The reduced funding request and the shift towards a broader set of smaller engineering groups signal Cardano's move towards greater decentralization in its development funding and governance.
How Cardano plans to use $30M to bring real liquidity to the network
Cardano is entering a very important phase in its development, as its founding institutions are attempting to deliver the core infrastructure that every major blockchain already treats as standard. On Nov. 27, a new proposal sought community approval to allocate 70 million ADA tokens (worth about $30 million) to onboard tier-one stablecoins, custody providers, cross-chain bridges, pricing…
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