Statement of Opinion Regarding the Proposal to Use the Cardano Treasury to Enhance DeFi Growth
Dear Members of the Arabic Cardano Community,
In light of the ongoing discussion about the recent proposal by Cardano founder Charles Hoskinson to use 140 million ADA (approximately 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 needs a strong push to attract both users and developers alike. Diversifying the treasury by purchasing stable assets and Bitcoin may enhance the stability of Cardano's internal economic system and provide strategic flexibility in times of market volatility.
We invite everyone to participate thoughtfully in this discussion and express their opinions within the official voting channels, as such decisions not only affect the future of Cardano but also the global community's trust in the decentralized governance model that this network prides itself on.
