Monday, August 4, 2025

Cardano Development Proposal Secures $71 Million From Treasury

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Cardano’s core growth staff obtained approval to be paid 96 million ADA from the treasury to forge forward with proposed upgrades to the community.

Enter Output World (IOG) — Cardano’s main development team — submitted the proposal for the equal of $71 million in Cardano (ADA), which passed with 74% in favor, representing 200 votes, with six towards and 7 abstaining, based on the governance motion.

The 12-month growth plan focuses on bettering scalability, the developer expertise and interoperability.

Nonetheless, it drew some concern from the group over prices, general accountability and transparency.

Supply: Input Output

Improve contains quicker transactions, higher onboarding

Funding will probably be milestone-based, with Cardano member-based group Intersect performing as an unbiased administrator. 

Funds will probably be launched as upgrades are delivered, with different oversight through sensible contracts and a devoted committee, according to IOG.

IOG should publish month-to-month updates, engineering timesheets and quarterly price range breakdowns.