Cardano's Parent Company Requests $46.8 Million for Network Expansion and Bitcoin DeFi Development

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On April 23, Input Output (the parent company of Cardano) reduced its funding request from the community treasury for 2026 to $46.8 million, approximately half of the $97.5 million requested last year. This move comes as the company begins to gradually decrease its reliance on community funds. The company is currently seeking support for nine proposals, primarily centered around a significant consensus upgrade named Leios, which is said to enhance Cardano’s throughput to over 1,000 transactions per second. It also includes Pogun, a system aimed at introducing Bitcoin-based decentralized finance (DeFi) to the network. Voting by approximately 1,000 elected representatives will continue until May 24, which will test whether Cardano’s governance mechanism, after introducing alternative development and financing structures, will treat Input Output the same as other funding applicants.

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