#CardanoDebate

The ADA token from Cardano decreased by 6.01% to $0.6412 as the market reacted to both macro volatility and a heated governance debate regarding a treasury allocation proposal of $100 million aimed at strengthening the DEFI ecosystem.

On Wednesday, the TapTools team asked their followers on X what they think about the idea of deploying 140 million ADA (around $100 million) to provide liquidity to stablecoins like USDM and help boost Cardano's growing decentralized finance sector.