Hoskinson: Cardano’s 1.7B ADA Treasury Could Earn $5–10 Million in ADA Each Year
- Charles Hoskinson suggests converting $100 million in ADA to USDM to improve stablecoin liquidity.
- The initiative could generate 5–10% annual returns, which Hoskinson proposes reinvesting into the treasury through ADA buybacks.
- He criticizes community inaction and highlights missed opportunities with partners like Circle.
In a recent AMA session, Cardano founder Charles Hoskinson floated a bold proposal to enhance stablecoin liquidity in the Cardano ecosystem. Specifically, he suggested converting $100 million worth of ADA in the treasury into USDM, a native Cardano-backed stablecoin.
Hoskinson noted that the Cardano treasury currently holds approximately 1.7 billion ADA. It could be partially utilized to deploy a liquidity initiative to jumpstart decentralized finance (DeFi) activity across the network.
“We could convert a hundred million ADA into USDM, put financial infrastructure behind it, and start building up trading, market-making, and total value locked (TVL) in the Cardano ecosystem,” Hoskinson said.
Related: Cardano’s Ecosystem Thrives: Nearing 100 Million Transactions and Growing TVL
A Self-Sustaining Model to Grow the Treasury
Hosk…
The post Hoskinson: Cardano’s 1.7B ADA Treasury Could Earn $5–10 Million in ADA Each Year appeared first on Coin Edition.
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Hoskinson: Cardano’s 1.7B ADA Treasury Could Earn $5–10 Million in ADA Each Year
- Charles Hoskinson suggests converting $100 million in ADA to USDM to improve stablecoin liquidity.
- The initiative could generate 5–10% annual returns, which Hoskinson proposes reinvesting into the treasury through ADA buybacks.
- He criticizes community inaction and highlights missed opportunities with partners like Circle.
In a recent AMA session, Cardano founder Charles Hoskinson floated a bold proposal to enhance stablecoin liquidity in the Cardano ecosystem. Specifically, he suggested converting $100 million worth of ADA in the treasury into USDM, a native Cardano-backed stablecoin.
Hoskinson noted that the Cardano treasury currently holds approximately 1.7 billion ADA. It could be partially utilized to deploy a liquidity initiative to jumpstart decentralized finance (DeFi) activity across the network.
“We could convert a hundred million ADA into USDM, put financial infrastructure behind it, and start building up trading, market-making, and total value locked (TVL) in the Cardano ecosystem,” Hoskinson said.
Related: Cardano’s Ecosystem Thrives: Nearing 100 Million Transactions and Growing TVL
A Self-Sustaining Model to Grow the Treasury
Hosk…
The post Hoskinson: Cardano’s 1.7B ADA Treasury Could Earn $5–10 Million in ADA Each Year appeared first on Coin Edition.
Read More