Cardano’s leadership is floating an unconventional idea: turn part of the project’s war chest into a revenue-generating portfolio that holds Bitcoin and USD-pegged tokens.
The blueprint, outlined by founder Charles Hoskinson in a recent livestream, calls for swapping roughly $100 million in ADA—about onetenth of the network’s treasury—into liquid assets that could be lent, staked, or deployed as market-making capital inside Cardano’s DeFi protocols.
Supporters say the shift would attack Cardano’s biggest weakness: scarce stablecoin liquidity. At the moment, only about $33 million in dollar-denominated tokens circulates on the chain, versus a total DeFi value locked near $330 million. Competing networks post far richer ratios—Ethereum’s stablecoin supply exceeds its TVL, Solana’s hovers above 100 percent—making them more attractive to yield-hunters. A sovereign-style fund, earning an estimated five-to-ten percent annually, could recycle profits back into ADA buy-backs or new grants, seeding a self-reinforcing growth loop.
Skeptics worry that unloading 100 million ADA might crush the token’s price. Hoskinson counters that ADA’s daily volumes routinely top hundreds of millions of dollars; executed slowly through OTC desks or time-weighted algorithms, the trade could finish in a few months with minimal slippage—“well under half a percent,” he claims.
A draft governance framework—envisioning a board of finance and Web3 specialists plus on-chain auditing—circulates among core teams and will likely surface at the Rare Evo conference later this year. If the community signs off, Cardano’s treasury could evolve from a static pile of ADA into an actively managed fund designed to bankroll the chain’s next wave of decentralized apps.
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