Cardano Treasury Plan: Larry David’s Take on $ADA and Native Tokens

by

So, I was thinking, why not just throw all of Cardano’s money into a big digital piggy bank? I mean, what could go wrong? 🤔 The co-founder of Cardano, Charles Hoskinson, has come up with an ecosystem treasury plan. This ambitious effort seeks to awaken $ADA’s dormant reserves, giving rise to an interesting debate among Cardano users. Like, are we sure this isn’t just a way to buy a really fancy yacht? 🛥️

By incorporating $ADA, the Midnight token, and the top 50 Cardano native tokens, Hoskinson’s concept could establish a foundation for Cardano’s future in decentralized finance (DeFi). But, you know, only if we don’t all get bored and decide to play golf instead. 🏌️‍♂️

Backing $ADA and Native Tokens

In a strategic X post, Hoskinson described a digital asset treasury to back Cardano’s ecosystem, departing from his prior contentious idea of maintaining a Bitcoin reserve. That concept had drawn skepticism, with detractors claiming it relied too much on a competing initiative. Like, why not just merge with Bitcoin and call it a day? 🤷‍♂️

What do you guys think about a digital asset treasury for ada, the top 50 cardano native assets, and midnight?

— Charles Hoskinson (@IOHK_Charles) July 7, 2025

At present, Hoskinson is dedicated to Cardano, working on a treasury reserve that supports $ADA, the privacy-focused Midnight token, as well as prominent native tokens like SNEK, World Mobile Token (WMTYX), Liquid Finance (LQ), Minswap (MIN), and Indigo Protocol (INDY), according to CoinGecko data. But, you know, if you’re not into snakes, maybe SNEK isn’t for you. 🐍

Cardano’s Treasury Plan: Top 50 Too Generous?

The proposed treasury aims to boost Cardano’s DeFi ecosystem and stimulate total value locked (TVL), firming its position in the competitive blockchain space. By enabling synergy among high-ranking native tokens, Hoskinson looks forward to a prosperous, interconnected Cardano network. But, you know, some people just can’t handle too much success. 🙄

Yet, the plan has mixed reactions from the crypto community. Some users have hailed the proposal, while others say the top 50 would be too generous. One user pointed out that the treasury should not be holding the native token. Like, why not just keep it in a shoebox under the bed? 🛏️

A Defining Moment for Cardano

Hoskinson’s commitment to activate Cardano’s treasury highlights his devotion to a dynamic, ready-to-use ecosystem. With $ADA and its native tokens at the core of this proposal, Cardano’s growth will be determined. But, you know, if it all goes south, we can always blame the snakes. 🐍

Will this be the movement that propels Cardano to new heights? Crypto fans watch the developments closely. Or, you know, they might just be waiting for the next meme coin to drop. 🤷‍♂️

Read More

2025-07-08 12:52