Cardano IOG Financial Proposals: 4 out of 9 Approved...Hoskinson "Keep Pushing"

▲ Cardano (ADA)

The Cardano (ADA) community has approved 4 out of 9 financial proposals from Input Output Global (IOG). As key proposals surpassed the governance adoption criteria, funding for Cardano ecosystem improvements saw some progress, and Charles Hoskinson encouraged the community to provide further support.

The Crypto Basic reported on May 23 (local time) that Stake With Pride, a Cardano stake pool operator, announced that 4 of IOG's 9 financial proposals had officially secured sufficient community support. These proposals exceeded the 67% approval threshold required for adoption within the Cardano governance system.

The four approved proposals focus on Cardano upgrades, technical collaboration, system maintenance, and consensus research. These plans aim to improve network scalability, reliability, and ecosystem growth in the long term.

Hoskinson reacted to the news by telling the community, especially the DReps, to “keep pushing.” His remarks were interpreted as an encouragement for continued participation and support for the remaining proposals as the governance process enters its final stages.

However, not all of IOG's proposals have passed. Five financial proposals related to developer experience, Layer 2 scalability, Plutus, Pogun, and Blockfrost have not yet met the approval criteria. The deadline for governance voting is scheduled for May 24, and the passage of the remaining proposals depends on the final voting trends.

Controversy also continues surrounding a separate research proposal. A research proposal titled “Cardano Vision 2026: Human-Centric, Scalability, Post-Quantum Security - IO Research” has faced strong opposition from DReps. Currently, 83.73% oppose this proposal, with only 16.2% in favor.

Some DReps argued that parts of the research proposal were unnecessary or constituted wasteful spending. YUTA demanded that IOG resubmit the research proposal in smaller units so that DReps could selectively support valuable parts. However, Hoskinson stated that if the proposal is rejected, IOG would not resubmit the same proposal.

Hoskinson warned that the rejection of the research proposal could negatively impact ADA's long-term price trajectory. He also expressed concern that some research institutes might close and that Cardano could lose its reputation as a “science coin.” Although four IOG financial proposals exceeded the approval criteria, the votes surrounding the remaining proposals and the separate research proposal remain variables that will determine the future direction of Cardano's governance.

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