Major Cardano institutions have submitted a joint proposal requesting 70 million ADA from the Treasury, aiming to deploy essential infrastructure that stakeholders believe the ecosystem currently lacks. This proposal focuses on foundational technology rather than new dApps or experimental projects, prioritizing the tools developers and institutions require before widespread retail adoption.
Funding Allocation for Core Infrastructure
The proposed funding package is designed to enhance Cardano's usability for decentralized finance (DeFi) and institutional applications. The requested ADA will be directed towards several key areas:
- •Onboarding major stablecoins.
- •Providing institutional custody support.
- •Developing advanced blockchain analytics tools.
- •Creating bridges for seamless asset movement between different blockchains.
- •Establishing globally trusted price feeds.
Institutions involved in the proposal have indicated that negotiations with integration partners are already in progress. The proposal's advancement is contingent on approval from Delegated Representatives and the Constitutional Committee.
Recent Network Disruption and Proposal Timing
This funding request follows a recent, brief chain split on the Cardano network. The disruption occurred when a delegation transaction exploited a flaw in an outdated testnet library on the Preview testnet, causing a temporary fork. Validators quickly coordinated to resolve the issue, restoring service stability and allowing attention to return to long-term development plans.
Charles Hoskinson Advocates for Ecosystem Unity
Cardano founder Charles Hoskinson addressed the recent events and the need for collaboration during his Thanksgiving for Unity livestream. He emphasized the importance of better synchronization among the ecosystem's leadership groups, acknowledging that past disagreements over governance and network reorganizations had strained relationships between key institutions.
Hoskinson accepted responsibility for some of the tension and urged the ecosystem to avoid polarization. He stressed that Cardano's progress towards its 2026 goals depends on institutions working together cooperatively rather than competitively.
A New Alignment Among Cardano's Core Organizations
Hoskinson highlighted ongoing coordination efforts between major organizations such as IOG, the Cardano Foundation, EMURGO, Intersect, and the Midnight Foundation. He anticipates a future with more co-authored proposals, moving away from separate governance tracks. The current funding request for "critical integrations" is presented as the first example of this collaborative approach.
He also refuted claims that the recent chain incident indicated structural fragility. Instead, Hoskinson argued that Cardano's Nakamoto-style Proof-of-Stake (PoS) architecture enabled a rapid recovery from the incident without any loss of data or user funds.
Charting the Course to 2026
According to Hoskinson, achieving Cardano's future objectives requires participation from all levels of the ecosystem. This includes large institutions, new ecosystem foundations, infrastructure firms like Pragma, and the broader community. The ultimate goal is to advance Cardano to a stage where financial, real-world, and institutional assets can operate natively on the network.