Cardano is positioning itself to power Bitcoin-based DeFi using its smart contract infrastructure and key ecosystem tools.
Founder Charles Hoskinson has called for an executive authority to unify messaging and strengthen market sentiment around Cardano’s goals.
The Rare Evo conference is expected to shape Cardano’s governance future, including leadership structure and Bitcoin DeFi investment strategy.
Cardano founder Charles Hoskinson has emphasized the urgent need for stronger leadership to support the network's shift toward Bitcoin DeFi. He believes the lack of an executive body has held back efforts to shape market perception and fully leverage Cardano’s recent innovations.
Hoskinson expressed concern over Cardano’s limited progress in establishing a unifying story around its strengths. Despite developments like Leios, Hydra, and the Midnight Glacier Drop, he maintains that without a guiding authority, the broader market continues to overlook Cardano’s potential in Bitcoin-based DeFi.
Cardano Expands Toward Bitcoin DeFi Integration
The network is moving to integrate Bitcoin DeFi capabilities through its smart contracts. Minswap, the network’s largest decentralized exchange, is preparing to onboard Bitcoin liquidity. At the same time, Cardano-native applications such as Lace Wallet and the USDM stablecoin are building user momentum.
Hoskinson attributed slow ecosystem traction to the absence of a competent foundation capable of consistently advocating for Cardano’s direction. Without a formal executive structure, he has taken on a leading role but said it has made him the target of public criticism, including false claims of ADA token misuse.
Input Output Global Continues as Key Coordinator
His company, Input Output Global (IOG), remains at the center of the network’s coordination efforts. Hoskinson acknowledged the burden this role brings, citing emotional tolls and financial strain. He also warned that ongoing instability could damage Cardano’s ability to seize on new opportunities like Bitcoin DeFi.
Hoskinson is pinning hope on Rare Evo, a crypto conference where Cardano’s community plans to address the governance void. Discussions will include updates to the network’s constitution, the establishment of delegated executive powers, and the possible launch of a sovereign wealth fund to support Bitcoin DeFi expansion.
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