Major Cardano institutions have collaboratively filed a proposal requesting 70 million ADA from the Treasury to finance critical infrastructure upgrades essential for the network's next phase. This unified effort aims to fill existing technological gaps and enhance Cardano's usability for DeFi and institutional adoption.
This joint proposal, which is a departure from pitching new dApps, focuses exclusively on foundational "plumbing" necessary for long-term growth. The requested funds will be directed toward five core integrations:
The proposal requires approval from the Delegated Representatives and the Constitutional Committee before moving forward.
The timing of the filing is significant, following two major factors:
Hoskinson described the 70M ADA funding request as the first tangible example of this renewed coordination. He confirmed that the community should expect more co-authored proposals moving forward, signaling an end to the strained relationships and governance disputes of the previous year.
The ultimate objective is to propel Cardano toward a stage where it can natively support financial, real-world, and institutional assets, requiring participation from all ecosystem layers.