Cardano has set its sights on becoming a leader in Bitcoin-based decentralized finance (DeFi). Founder Charles Hoskinson highlights the necessity of strong executive leadership for successful promotion.
Opportunities for Cardano in the DeFi Space
Hoskinson believes that Bitcoin DeFi presents Cardano's biggest opportunity, especially with recent advancements like Leios, Hydra, and the Midnight Glacier Drop.
Growth Issues and Management
Despite its successes, Cardano continues to struggle with public perception. Hoskinson noted, 'We are missing a competent Foundation and executive authority to push these narratives into the mindset of the space.'
The Future of Cardano and Upcoming Events
Ahead of the Rare Evo conference, Cardano plans to address governance issues, update its constitution, and launch a sovereign wealth fund to support its Bitcoin DeFi vision.
Cardano aims to secure a leading position within the Bitcoin-based DeFi ecosystem, but achieving this requires strong leadership and community support.
