Cardano, one of the largest blockchain platforms, launches an initiative to invest significant funds into the development of its DeFi ecosystem.
Investment Strategy for Cardano
Charles Hoskinson, the founder of Cardano, proposes to invest $100 million in ADA tokens from the Cardano Foundation's treasury. The main goal of this initiative is to stimulate the growth of the platform's DeFi ecosystem. The project involves acquiring various assets such as bitcoin and local stablecoins like USDM, USDA, and IUSD. Hoskinson emphasizes the need for the ecosystem to be prepared to invest in itself. He noted that the required stablecoin level in total locked value (TVL) should be between 30-40%, corresponding to standards in mature DeFi ecosystems.
Discussion and Reactions to the Initiative
In the crypto community, opinions on this proposal are divided. Some ADA holders fear that selling a large volume of tokens could negatively affect their price. However, Hoskinson points out that "hundreds of millions of dollars in ADA change hands every day", indicating the market's depth and mechanisms to absorb sudden fluctuations. Support for this initiative is also expressed among project supporters like HOSKY, who highlights the importance of supporting local stablecoins.
Outlook and Possible Consequences
If the initiative is successfully implemented, it could set a new standard for active participation by crypto foundations in developing their ecosystems. Hoskinson's proposal comes at a time when market interest in ADA is rising, with open interest in futures exceeding $900 million, indicating increased trader confidence. Meanwhile, trading volume surged by 58% within 24 hours, confirming the strength of ADA's market liquidity.
The launch of Cardano's initiative to invest in DeFi represents an important step in blockchain development and could serve as a model for other platforms. However, discussions among market participants indicate that concerns regarding sustainability and potential price impacts remain relevant.
