โก๏ธ Latest: Charles Hoskinson proposes a $100 million investment from $ADA to boost DeFi on Cardano! ๐ฐ
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๐ก Ambitious Plan:
Charles Hoskinson, co-founder of Cardano, has proposed converting $100 million worth of $ADA from the projectโs treasury into stablecoins and Bitcoin ($BTC). ๐ The goal is to enhance liquidity and accelerate the growth of the decentralized finance (DeFi) ecosystem on Cardano.
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๐ Supporting DeFi and Liquidity:
* Strategic Conversion: This conversion aims to address the low ratio of stablecoins to total value locked (TVL) in DeFi on Cardano. ๐
* Enhancing Competitiveness: By injecting $BTC and stablecoins, Hoskinson seeks to make Cardano more attractive to DeFi projects and users. ๐
* Generating Non-Inflationary Returns: This investment could generate returns that are reinvested in the network, fostering its growth without causing inflation. ๐น
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โ Do you think this investment will put Cardano at the forefront of the DeFi race and attract more liquidity? ๐ค
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