🎩 Charles Hoskinson, the creator of Cardano, decided to go all-in: he proposed to spend 140 million ADA (~100 million $) from the ecosystem's treasury to buy Bitcoin 🟠 and stablecoins 💵 (USDM, USDA, iUSD) based on Cardano. The goal is to revive DeFi, flood liquidity, launch asset circulation, and finally escape the swamps of 'dead TVL' 🐊.
📉 But immediately after the announcement — a 6% drop in the ADA rate. The market nervously gulped air. Some say: this is a strategic investment, let's hype like Solana 🚀. Others see this as a dumb dump of ADA disguised as 'innovation', without clear rules on how exactly this will work 🤨.
🧠 The proposal suggests 'smart portfolio management' — buying BTC and stablecoins, earning profit, and reinvesting in ADA development. But it all looks like an attempt to turn the DAO into a venture fund without guarantees 📊. Where is the decentralization? Where is the control? The community is torn into factions 🪖.
🗳️ Voting has begun, and it all depends on those who hold the tokens. But there are more questions than answers: what will happen to the ADA rate if the proposal is approved? 🤯 How will this affect the rest of the treasury? And who guarantees that we won't face another fiasco 'like Terra'? 🪦
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🧩 Conclusion
This move could make Cardano a full-fledged player in DeFi 🌐, if everything goes smoothly. But if this is a 'liquidity pump blindfolded' — the market won't forgive this 🧨. For all of crypto, this is another test of the maturity of DAO mechanisms. If Cardano withstands it — a new precedent will emerge for other ecosystems. If not — we have yet another lesson on how a great idea can burn in DAO chaos 🔥.