#CardanoDebate CardanoDebate The #cardanodebate reflects Cardano's pivotal crossroads, centering on treasury management, governance efficacy, technical scaling, and ADA's valuation. Here's a structured analysis based on current developments: 1. Treasury & Stablecoin Liquidity Proposal ($100M Debate) - Proposal: TapTools team suggested deploying 140M ADA (~$100M) from the treasury to boost stablecoin liquidity (e.g., USDM) and strengthen DeFi. - Arguments For: - Charles Hoskinson advocates gradual OTC sales/algorithms (e.g., TWAP) to minimize market impact. - Aims to solve Cardano's "stablecoin depth deficit" and generate non-inflationary treasury revenue. - Arguments Against: - Influencers like @cardano_whale warn of front-running and ADA price suppression, estimating potential sell pressure could drop prices to $0.50. - Suggests crypto-backed stablecoins (e.g., ObyUSD) as a lower-risk alternative. - Market Impact: ADA dropped 6% to $0.64 amid the debate, with resistance at $0.68 and support at $0.62. Table: Key Viewpoints on Treasury Proposal | Stakeholder | Position | Key Argument | |------------------|--------------|------------------| | Charles Hoskinson | Support | OTC/algo sales prevent market disruption | | @cardano_whale | Opposition | Front-running risks and excessive sell pressure | | Community | Divided | Long-term DeFi growth vs. short-term price stability | ⚖️ 2. Governance Challenges - Constitutional Enforcement: A separate ₳50M DeFi proposal was rejected for "metadata mismatches," highlighting rigid constitutional checks. - SPO Voting Crisis: The Plomin hard fork (Protocol Version 10) stalled as 83.13% of SPOs failed to vote, risking upgrade delays . - Contrasting Outcomes: - The smaller ₳1.5M Amaru node upgrade passed with 90% approval, showing consensus on core tech. - Community debates center on balancing strict governance vs. agility. ⚙️ 3. Technical Developments - Node Diversity: Amaru (Rust-based node) . 📈 .,