- Cardano is seeking new funding of $6 million.

A proposal named Cardano Critical Integrations V2 has been submitted. This is a new proposal requesting 23 million ADA worth approximately $6 million USD at the current market price, on the blockchain, paving the way for governance voting.

The proposal covers two years of costs for maintaining and enhancing integrations with Circle’s USDC stablecoin, LayerZero (ZRO), Pyth Network (PYTH), and providing native support for Fireblocks.

The major ecosystem entities, including the Cardano Foundation (CF), Input Output (IO) and Emurgo and Midnight, submitted the proposal jointly with Intersect as the administrative body.

However, the community on X is expressing doubts, as some decentralized representatives (dReps) plan to vote against the proposal, citing incomplete outputs from the first release, overspending without measurable results, and calling for unused funds to be refunded before approving the next round of funding.

Charles Hoskinson, co-founder of the Cardano network, urged network representatives (dReps) to support the proposal, stressing that it is essential for the continued presence of researchers and scientists on the network. Hoskinson’s remarks come amid reports that some Japanese network representatives are voting against the proposal.

" We cannot allow this achievement to be shattered and dismantled due to partial funding support. Our scientists will simply leave for places that offer them more certainty and respect. We ask you to delegate this mission to network representatives who support Cardano’s research agenda," Hoskinson wrote on the X platform.
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