Cardano Community Flexes Governance Muscle: $71M Development Fund Greenlit
Cardano just proved decentralized governance isn't just theoretical—it's writing checks. The community overwhelmingly approved a $71 million development fund, putting its money where its memes are.
Who needs Wall Street suits when you've got stakepool operators voting with their ADA?
The move signals growing confidence in Cardano's on-chain governance model—even as rival chains struggle with voter apathy. Meanwhile, traditional VCs are still waiting for their KYC forms to clear.
One question remains: Will this cash injection trigger the next wave of Cardano innovation, or just fund more academic papers nobody reads?
$0.7403 (ADA) community has made a significant decision to allocate a $71 million treasury budget towards Core development, receiving 200 votes in favor, with 74% of participants supporting the initiative. The release of funds will occur gradually, in stages, contingent upon milestones verified by Intersect. Input Output Global (IOG) will present monthly progress reports and quarterly budget summaries. Notably, updates such as scalability improvements in Hydra and a modular node design through Project Acropolis are on the horizon.
ContentsCardano Community Approves $71 MillionNotable Strengthening of Midnight and Network
Cardano Community Approves $71 Million
The vote took place on August 3, 2025, within the Blockchain, marking Cardano’s first community-controlled direct budget allocation. Before each release of funds, Intersect will conduct audits to ensure the treasury expenditures are aligned with their intended purpose.
IOG intends to provide monthly progress updates and detailed quarterly budget tables. Hydra aims to enhance transaction throughput, while Acropolis focuses on accelerating developer integration through a component-based architecture. The proposal also includes terms for smart contract collateral and an independent oversight committee.
Notable Strengthening of Midnight and Network
Following the announcement, the ADA coin’s price climbed by 2.79% to 0.7418, surpassing the 200-day moving average. An increasing number of active addresses corroborate the heightened interest. Analyst Smith highlights that the cup-and-handle pattern signals a long-term bullish trend.
Cardano founder Charles Hoskinson stated that resources will be allocated towards public infrastructure rather than exchange listings, with revenue-generating projects repaying ADA through a bond model. Hoskinson also dismissed allegations of ledger manipulation. The Midnight sidechain, with its upcoming NIGHT AirDrop, has drawn significant institutional interest, collaborating with over 100 partners, while Cardano builds a strategic roadmap focusing on modularity, performance, and interoperability across Blockchains, gearing up for competition.
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