Cardano has set a new governance record by approving a 70 million ADA proposal in less than two days. The Cardano Critical Integrations Budget proposal, which received over 50% of votes swiftly, aims to enhance the network's infrastructure. Key areas of focus include stablecoins, cross-chain bridges, on-chain analytics, and institutional custody solutions.
This proposal represents a collaborative effort among major Cardano entities such as Input Output, EMURGO, the Cardano Foundation, Intersect, and the Midnight Foundation. Additionally, the Midnight Foundation plans to launch its NIGHT token as a Cardano Native Asset on December 8, further expanding the ecosystem's capabilities.
Cardano Approves 70M ADA Proposal in Record Time
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