#CardanoDebate Charles Hoskinson proposed to allocate $100 million in ADA tokens from Cardano's reserves to purchase bitcoins and stablecoins (such as USDC or USDT). The goal is to activate the decentralized finance (DeFi) segment in the Cardano ecosystem. This proposal aims to enhance liquidity and attract new users to Cardano's DeFi protocols, such as Minswap or SundaeSwap, through the integration of high-cap assets like BTC.

This proposal differs from the previously discussed budget of 50–70 million ADA for funding IOG development. The allocation of $100 million for DeFi indicates a strategic focus on expanding the ecosystem through integration with Bitcoin and stable assets.

Community reaction: In the Cardano community, this proposal has elicited mixed reactions. Some users note the growing interest in DeFi on Cardano, highlighting the organic growth of token holders and trading volumes on DEX (for example, CSWAP). However, others express concerns that a large allocation of funds may impact the price of ADA or increase dependence on external assets.