Project Progress

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Cardano DReps Reject 12.29M ADA Pogun Funding Request

Cardano's delegated representatives rejected a proposal to withdraw 12.29 million ADA from the community treasury to fund Input Output's Pogun Bitcoin DeFi product, with 35.67% of DRep voting power in favor and 64.33% opposed according to the final Koios summary. The vote means Cardano retains the ADA but forfeits revenue-sharing terms Input Output had attached to the deal. Charles Hoskinson subsequently stated IOG will no longer default to launching future products on Cardano, marking a governa
ADA8.55%
BTC6.28%
EthanBrooks·6h ago
Cardano DReps Reject 12.29M ADA Pogun Funding Request