Charles Hoskinson: Cardano no longer prioritizes Input Output ventures
Cardano's decentralized governance rejected a 12.29 million ADA funding request for Pogun, an Input Output-backed credit and liquidity project. Despite the Constitutional Committee's approval, delegated representatives (DReps) voted 64.33% against the proposal. Charles Hoskinson stated that this outcome demonstrates Cardano's independent control, noting that future Input Output projects will be evaluated based on technical and commercial merit rather than an automatic Cardano-first policy.
Summaries are written by AI from the original article. Not investment advice.