ICYMI: Cardano's treasury funds DeFi and rejects its own conference
DReps approved a 120 million ADA withdrawal for DeFi liquidity this week. Every treasury request on
@Cardano goes to the same vote, and a two-thirds supermajority is required to pass.
The 2026 Summit in Singapore was cancelled after the Cardano Foundation's own funding proposal failed to clear that threshold.
@IOHK_Charles has argued the friction is the point for $ADA governance.