Community-Backed Milestone: #Cardano Treasury Approves $71M #Funding for Major Protocol Enhancements

In a landmark decision, the Cardano ($ADA ) community has overwhelmingly voted to approve a proposal by Input Output Global (IOG) — the blockchain’s core development team — for $71 million worth of ADA to be allocated from the Cardano Treasury.

The funding will fuel the next wave of critical protocol upgrades, signaling a new era of community-driven governance and decentralized innovation across the Cardano ecosystem.

74% of Voters Say ‘Yes’ — A Milestone for On-#Chain Governance

The proposal passed with 74% voter approval, marking a historic first: the Cardano community directly funding core protocol development through a decentralized governance mechanism.

Tim Harrison, EVP of Community & Ecosystem at Input Output, celebrated the outcome as a “milestone moment” for the network:

“This #vote of confidence empowers us to move forward with full transparency, shared responsibility, and a renewed commitment to building an open, resilient ecosystem,” Harrison said.