#CardanoDebate

Statement of Opinion Regarding the Proposal to Use the Cardano Treasury to Enhance DeFi Growth

Dear Members of the Arab Cardano Community,

In light of the ongoing discussion regarding the recent proposal by Cardano founder Charles Hoskinson to use 140 million ADA (approximately equivalent to 100 million USD) from the project treasury to purchase Bitcoin BTC and some stablecoins built on Cardano such as USDM, USDA, and IUSD, it is essential to pause and reflect on the implications of this step.

On one hand, this proposal aims to stimulate growth in the decentralized finance (DeFi) sector on the Cardano network, which still requires a strong push to attract both users and developers. Diversifying the treasury by purchasing stable assets and Bitcoin may enhance the stability of Cardano's internal economic system and provide strategic flexibility during market volatility.

We invite everyone to participate thoughtfully in this discussion and express their opinions through the official voting channels, as such decisions impact not only the future of Cardano but also the global community's trust in the decentralized governance model that this network prides itself on.