Cardano Community Approves 120 Million ADA Allocation to Boost DeFi Liquidity
Aug 12, 2026
< 1 min read
by Lele Jima
for The Crypto Basic

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AI Overview
Cardano community approved a governance allocation of 120 million ADA to AlphaGrowth’s PRIME program to deploy capital across the ecosystem and strengthen DeFi liquidity. The funding targets a boost to Cardano’s TVL and on-chain adoption by providing strategic liquidity support, signaling positive momentum for ADA, DeFi projects, and crypto fundraising on the network.
Bullish
The Cardano community has approved a proposal to allocate 120 million ADA to AlphaGrowth’s PRIME program to strengthen the network’s DeFi ecosystem. The initiative aims to increase Cardano’s total value locked (TVL) by strategically deploying capital across the ecosystem.
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