๐ก Cardano Eyes $100M Sovereign Wealth Fund โ Hoskinson Unveils Bold DeFi Plan ๐ผ๐
๐ In a strategic push for ecosystem growth and sustainability, Cardano founder Charles Hoskinson has proposed a decentralized Sovereign Wealth Fund (SWF) โ powered by $100M worth of $ADA from the project treasury.
๐ The fund would invest in Bitcoin and stablecoins to:
โ Diversify the ADA treasury
โ Generate long-term, sustainable returns
โ Reinvest in Cardanoโs DeFi ecosystem
๐ In an 18-minute podcast, Hoskinson emphasized the need for community-led, transparent discussions, calling this a chance to future-proof Cardano with innovative financial infrastructure.
#Cardano #CharlesHoskinson #SovereignWealthFund #DeFi #Crypto
https://coingape.com/cardano-sovereign-wealth-fund-charles-hoskinson-shares-key-update/