Co-founder Charles Hoskinson has proposed a new treasury plan that could awaken the dormant reserves of $ADA and change the decentralized finance (DeFi) market.
Backing $ADA and Native Tokens
In a strategic X post, Hoskinson described a digital asset treasury to support Cardano's ecosystem. This new approach departs from his earlier contentious idea of a Bitcoin reserve, which raised skepticism among analysts.
Cardano's Treasury Plan: Too Generous?
The proposed treasury aims to boost Cardano's DeFi ecosystem and increase the total value locked (TVL). However, reactions to the campaign have been mixed, with some users welcoming the idea, while others claimed that having a list of 50 tokens is excessive.
A Defining Moment for Cardano
Hoskinson's proposal to activate Cardano's treasury highlights his commitment to creating a dynamic ecosystem. Whether this movement will foster Cardano's growth remains to be seen, with crypto enthusiasts closely monitoring developments.
Charles Hoskinson's new treasury plan may redefine Cardano's future, promoting its further development in the field of decentralized finance.
