Hoskinson bets USD 100 million to revitalize DeFi on Cardano
$ADA
The founder of Cardano, Charles Hoskinson, proposed a strategic injection of $100 million in ADA tokens, sourced from the treasury of the Cardano Foundation, aimed at strengthening the DeFi ecosystem of the network.
The proposal plans to convert part of these resources into Bitcoin and native stablecoins (USDM, USDA, and IUSD), seeking to raise the proportion of stablecoins in the total value locked (TVL) to 30–40%, aligning with the standards of mature DeFi ecosystems.
Hoskinson emphasized that the sale would be gradual, conducted over 30–90 days, using strategies like TWAP and OTC to minimize market impact.
He argued that the existing liquidity in the network would allow for the movement to be absorbed without significant changes in the price of ADA.
Supporters see this initiative as a demonstration of internal commitment and an essential push to attract external capital and adoption, while critics warn of the risks of selling pressure that could affect the token's price.
The proposal is still under evaluation by the Foundation's board and the community. If approved, it could significantly elevate Cardano's profile within the global DeFi landscape, marking a relevant step in the active management of its treasury.
#CardanoDebate
$ADA
The founder of Cardano, Charles Hoskinson, proposed a strategic injection of $100 million in ADA tokens, sourced from the treasury of the Cardano Foundation, aimed at strengthening the DeFi ecosystem of the network.
The proposal plans to convert part of these resources into Bitcoin and native stablecoins (USDM, USDA, and IUSD), seeking to raise the proportion of stablecoins in the total value locked (TVL) to 30–40%, aligning with the standards of mature DeFi ecosystems.
Hoskinson emphasized that the sale would be gradual, conducted over 30–90 days, using strategies like TWAP and OTC to minimize market impact.
He argued that the existing liquidity in the network would allow for the movement to be absorbed without significant changes in the price of ADA.
Supporters see this initiative as a demonstration of internal commitment and an essential push to attract external capital and adoption, while critics warn of the risks of selling pressure that could affect the token's price.
The proposal is still under evaluation by the Foundation's board and the community. If approved, it could significantly elevate Cardano's profile within the global DeFi landscape, marking a relevant step in the active management of its treasury.
#CardanoDebate
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