Cardano community just greenlit a massive $71 million approximately 96.8M $ADA from its treasury to fund IOG’s 2025 development plans, like scaling with Ouroboros Leios, boosting speed with Hydra, and revamping nodes via Project Acropolis.
The vote crushed it early, with 74% support from DReps (3.76B ADA voting power). Only a tiny fraction opposed it, and the Constitutional Committee gave it the thumbs-up.
Payouts will happen as IOG hits milestones, with Intersect overseeing things. Plus, they’ll share monthly updates to keep it transparent.
Big deal? Absolutely, it’s the first time Cardano’ on-chain governance directly funded core development. Decentralization in action! 🚀
