Cardano Founder Proposes $100M DeFi Push, Sparks Community Debate
Cardano founder Charles Hoskinson has stirred controversy with a proposal to allocate 140 million ADA (~$100M) from the Cardano treasury to accelerate DeFi development. The plan involves purchasing Bitcoin (BTC) and Cardano-native stablecoins such as USDM, USDA, and IUSD to strengthen the ecosystem’s financial infrastructure. Following the announcement, ADA's price dipped 6%, reflecting investor uncertainty.
Supporters hail the move as a strategic step toward ecosystem maturity, aiming to increase Cardano’s competitiveness in the decentralized finance space. However, critics raise concerns over the risks involved, especially given the volatile market environment and ongoing governance questions within the Cardano community.
The community remains divided as debates intensify under the trending hashtag #CardanoDebate, which has generated over 1.3 million views and 17,000+ posts. Whether this bold initiative leads to sustainable growth or backfires remains to be seen.
