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.
