Cardano Strategy to Enhance the Cryptocurrency DeFi Ecosystem
Currency Transformation Plan and Boosting DeFi Investment
Cardano, a major name in the cryptocurrency project, is taking strategic steps to strengthen its DeFi ecosystem. With a treasury worth approximately 1.7 billion ADA, founder Charles Hoskinson has proposed converting part of the reserves into stablecoins. The goal is to enhance long-term liquidity and promote sustainable development within the community.
This intention has sparked lively debate within the ecosystem, as many experts argue that reallocating resources will help integrate both Bitcoin and stablecoins more effectively. Cardano's ambition is to tap into the potential of the trillion-dollar DeFi market through diverse strategies.
Market Analysis and Community Reaction
In the context of an expanding vision, the Cardano community has recorded rapid development. The number of transactions reached 110 million, and 22 billion ADA has been staked across more than 3,000 pools, demonstrating the community's strength and sustainability in DeFi activities. This prepares for an extensive development program aimed at conquering the DeFi market.
Analysis Platform: Bitcoin and Stablecoins on Cardano
Outstanding Compatibility but Lacking Liquidity
The structure of Cardano shares many similarities with Bitcoin, especially in its ability to ensure the safety and reliability of the system. Projects like BitcoinOS and Charms are laying the groundwork for integrating Bitcoin directly into the Cardano ecosystem, opening up a $2 trillion opportunity in the DeFi sector dedicated to Bitcoin.
However, there are still many gaps to address. Currently, Cardano does not have sufficiently deep stablecoin liquidity for large organizations or high-volume investors, causing price drops during large-scale transactions.
Proposal to Build Stablecoin Pools and Encourage Bitcoin
In this context, experts suggest allocating reserve funds to protocols like Minswap, Liqwid Finance, and Indigo Protocol to build large stablecoin pools. The goal is to provide easier access to Bitcoin borrowing, thereby promoting DeFi activity for Bitcoin on Cardano's ecosystem.
Additionally, the idea of converting part of ADA into Bitcoin to pay returns directly in BTC is being considered; this model has succeeded in Babylon, attracting over $4.5 billion in BTC despite profits being paid in tokens.
Golden Opportunity for Cardano at Present
Throuvalas believes that if the strategy is executed correctly, Cardano could quickly become the main hub for long-term Bitcoin DeFi. With a secure platform, an ecosystem that has yet to fully harness its potential, and a large reserve fund, the network can seize opportunities to attract huge Bitcoin liquidity and enhance the value of ADA in the near future.
Expectations and Future Development Directions
The development of mechanisms like these will reshape the DeFi landscape, opening new opportunities for large investors and a community of millions of users. Through this strategy, Cardano could become a solid pillar in the ever-innovating cryptocurrency market.
Source: https://tintucbitcoin.com/chien-luoc-du-tru-cardano-don-song-defi/
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