Cardano founder Charles Hoskinson has openly stated that the network needs a strong and unified voice to guide its next steps — particularly in the realm of Bitcoin-integrated decentralized finance (DeFi). While Cardano is making technological strides, Hoskinson believes it lacks an executive authority capable of shaping a clear and compelling narrative for the broader crypto market.
🔹 Cardano Wants to Be the Backbone of Bitcoin DeFi
Cardano has recently been working to position itself as a solid platform for Bitcoin-based DeFi. Among its latest technical innovations are Leios, Hydra, and the Midnight Glacier Drop — all potential cornerstones for a new ecosystem narrative. Its largest decentralized exchange, Minswap, is already preparing for BTC integration with a proposed $2 trillion liquidity pool, while the Lace wallet and USDM stablecoin are gaining traction.
However, Hoskinson warns: “Bitcoin DeFi is a massive opportunity for Cardano, but without a competent executive framework to push that idea throughout the space, it will remain just an opportunity — unrealized.”
🔹 Criticism From Within
Hoskinson noted that while he has tried to guide the narrative himself, he has often faced heavy criticism — even from members of the Cardano community — who accuse him of centralization or building a “cult-like” leadership.
“This year has been brutal and expensive,” he said. “We’re losing not just trust, but also the ability to be seen as winners.” He also referenced accusations of ADA token mismanagement and defended his proposal to convert $100 million worth of ADA into increased stablecoin liquidity.
🔹 A Path Forward: Rare Evo and a New Constitution
According to Hoskinson, the Rare Evo conference will provide the community with a chance to reset. A new constitution is expected to be introduced, featuring delegated executive authority and plans for launching a sovereign investment fund to support Bitcoin DeFi within the Cardano network.
Input Output Global — Hoskinson’s company — will remain the technical coordinator. But the network’s future, he says, hinges on whether Cardano can establish strong leadership and finally seize its role as a key player in Bitcoin-integrated decentralized finance.
#Cardano , #CharlesHoskinson , #ADA , #defi , #CryptoCommunity
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