Cardano founder Charles Hoskinson has proposed a new treasury plan aimed at strengthening the Cardano ecosystem using native tokens.
Hoskinson's Treasury Proposal
Charles Hoskinson, founder of Cardano, has introduced a new proposal to create a treasury that will be solely based on Cardano's native tokens. This proposal abandons his previous idea of a Bitcoin reserve. Hoskinson asserts that this approach will help support the Cardano ecosystem.
Treasury Structure and Composition
According to Hoskinson's proposal, the new treasury will include ADA tokens, the Midnight token, and the top 50 native tokens within the Cardano ecosystem. This is intended to promote risk sharing among various projects and improve collaboration between token teams.
Potential Benefits for the Ecosystem
The model proposed by Hoskinson aims to increase the total value locked (TVL) through cross-token incentives and shared liquidity pools. This could lay the groundwork for further development of Cardano in the decentralized finance (DeFi) space.
Charles Hoskinson's proposal to create a treasury based on native tokens could be a significant step for the Cardano ecosystem, opening up new opportunities for its growth and sustainability.
