Charles Hoskinson, the founder of Cardano, proposed to use 140 million ADA (approximately 100 million dollars) from the treasury to enhance the growth of DeFi applications on the network.

This step involves purchasing BTC and stablecoins from Cardano such as USDM, USDA, IUSD to support the balance and growth of the Cardano ecosystem.

📉 After this announcement, the value of ADA dropped by 6%.

🤔 However, the community is anticipating the long-term impact of this plan on supporting Cardano projects and the broader scope of adoption.

🚀 In your opinion, is this a strong step to support the network?

Share your opinion in the comments 👇🔥