Cardano's leading institutions have put forth a proposal seeking 70 million ADA from the network's Treasury. This substantial funding is intended to facilitate a series of core integrations outlined in the 2026 roadmap. The institutions argue that these planned upgrades are vital for strengthening Cardano's infrastructure, which is a prerequisite for expansion in decentralized finance, increased institutional participation, and the integration of real-world assets.
The proposal is structured around five fundamental pillars that the coalition deems essential for Cardano's future development. These pillars encompass the onboarding of tier-one stablecoins, the provision of institutional-grade custody solutions, the enhancement of on-chain analytics capabilities, the integration of cross-chain bridges, and the implementation of internationally recognized pricing oracles. The overarching objective is to elevate Cardano's robustness and scalability, thereby securing its competitive position within the dynamic blockchain ecosystem.
Treasury Request Under Review
The specific amount of funds requested is currently not public information, as its disclosure requires the approval of both the Delegated Representatives and the Constitutional Committee. Nevertheless, the institutions spearheading this proposal have already engaged in comprehensive discussions with key integration partners. Intersect, serving as the program administrator, has confirmed that its board has provided full endorsement for this initiative.
This proposal follows a recent, albeit brief, network interruption experienced on Cardano. The interruption was attributed to an issue stemming from an incorrect delegation transaction, which resulted in a temporary fork of the blockchain. This issue was subsequently resolved. Intersect clarified that the root cause was a bug identified in a cryptography library back in 2022, which had impacted the Preview testnet. Despite this temporary setback, Cardano's network demonstrated resilience by recovering without any data loss or significant operational disruption.
Hoskinson Calls for Unity and Collaborative Efforts
Cardano founder Charles Hoskinson addressed the network's community during a Thanksgiving livestream on November 27. In his address, he urged Cardano's various institutions to mend their relationships and unite in their efforts to achieve the network's ambitious 2026 vision. Hoskinson acknowledged that past disagreements within the community had impeded progress and expressed personal regret for his contributions to the discord. He underscored the critical importance of unity and a shared approach to governance for ensuring Cardano's long-term success.
Furthermore, Hoskinson emphasized the necessity of broad industry collaboration to realize the network's overarching objectives. This includes actively seeking input from emerging organizations like the Midnight Foundation, established collaborators such as Intersect, and vital infrastructure partners like Pragma. He reiterated that the active involvement of the entire community is indispensable for the successful realization of Cardano's vision by 2026.