Cardano News: Community Approves $70M Core Dev Budget, Boosting ADA Price Prospects

Cardano News: Community Approves $70M Core Dev Budget, Boosting ADA Price Prospects

Proposed technical implementations are designed to lead to increased developer activity and new use cases for applications on the network, contributing to demand for ADA, the network’s gas token.

Cardano Approves $71M Treasury Upgrade Amid ADA Price Consolidation News ETHNews

Cardano community approved $71M treasury spend (74% voted yes) for scalability/interoperability upgrades, advancing decentralization goals. Network upgrades focus on Leios scalability, Bitcoin DeFi integration, and partnerchain support for enterprise efficiency improvements. Cardano (ADA) trades around $0.740, up ~1.8% on the day, but still down ~11% over the past week after a failed breakout attempt. Source: ADA/Tradingview Ecosystem & News Upd…

Cardano Community Approves First-Ever Treasury Allocation for Core Development - Crypto Economy

TL;DR Cardano has officially approved a $71 million funding proposal (96 million ADA) to support its core development roadmap, with 74% of voters backing the initiative. The funds will be released in phases based on verified milestones, under the oversight of Intersect and smart contracts. Key upgrades include Hydra scalability and Project Acropolis, while the Midnight privacy protocol continues to attract significant institutional attention an…

Cardano Voters Approve $71M Proposal for Major Network Upgrades

The Cardano community has approved a $71M treasury proposal to fund major protocol upgrades, marking a milestone in decentralized governance.

Cardano Community Approves First-Ever Core Development Funding Worth $71 Million

Cardano ratified 96.8 million ADA treasury withdrawal to fund IOE’s 2025 development roadmap. Over 74% of DRep voting power supported the proposal, surpassing the 67% threshold. The action was also approved by five of seven constitutional committee members. Cardano governance has approved a $71 million, equivalent to 96.8 million ADA tokens, from the treasury to fund Input Output Engineering’s (IOE) 2025 core development roadmap.  The ratified a…

Cardano Community Approves $70M+ in Treasury Funding for Core Development

The Cardano community recently made history by directly approving the funding of core development through its on-chain treasury.