The Cardano community is buzzing with debate over a proposed $100M treasury plan, sparking a 6% dip in ADA to $0.62 as of today. Advocates argue it could revolutionize DeFi on Cardano, boosting liquidity and dApp development, with recent integrations like Cardinal Protocol bringing wrapped BTC via Bitcoin Ordinals. Critics, however, warn of sell-pressure risks, citing Cardano’s $595M TVL and slower transaction growth compared to Ethereum’s Dencun upgrade momentum. The governance vote, live since June 7, sees DReps and ADA holders weighing in, with Liquid Democracy allowing flexible delegation shifts. Charles Hoskinson suggests a multi-faceted approach, including partner chains, but slippage issues in large DeFi orders remain a concern. Sentiment is mixed—will this plan elevate ADA or strain its ecosystem? Stay tuned! #Cardano #CryptoNews
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