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Superstate Short Duration U.S. Government Securities Fund (USTB) Cardano Founder Charles Hoskinson Gives Up on Bitcoin! Only Focuses on ADA and These 50 Altcoins!
A new proposal came from Cardano (ADA) founder Charles Hoskinson, who stands out with his interesting ideas and sharp tongue and is one of the most important names in the cryptocurrency industry.
At this point, Hoskinson proposed a treasury built solely on Cardano’s native tokens to support the Cardano ecosystem, breaking away from his previous controversial idea of holding Bitcoin reserves.
At this point, Hoskinson laid out a treasury plan for the Cardano ecosystem.
Hoskinson’s proposal proposes a treasury reserve by bringing together ADA, Midnight token, and the top 50 native tokens within the Cardano ecosystem.
This proposal could lay the groundwork for Cardano’s future in the decentralized finance (DeFi) space.
Hoskinson’s proposed Cardano ecosystem reserve includes native token ADA, privacy-focused Midnight token and leading native tokens such as SNEK, World Mobile Token (WMTYX), Liquid Finance (LQ), Minswap (MIN), and Indigo Protocol (INDY).
Hoskinson’s model aims to spread risk across multiple projects, encourage collaboration between token teams, and increase total value locked (TVL) through cross-token incentives and shared liquidity pools.
*This is not investment advice.
