Cardano founder Charles Hoskinson has made another suggestion about the response of the steering community, a Cardano-focused Ecosystem Treasury Reserve.
He has always wanted a way to get the ecological dormant Ada Treasury to work with the proposal on 8th July X. post This is the latest suggestion. Remember what he had before suggestion Use some of the stash to buy Bitcoin or native Stablecoin and tease Cardano Defi and TVL for boosting.
New proposals for financial utility projects
In a tweet Tuesday, Hoskinson searched for the idea of the Cardano community at the Ministry of Ecosystem Digital Assets Treasury, which includes ADA, Midnight and the Top 50 Cardano Native Tokens.
In particular, this proposal is similar to his first proposal, but this time he looked inwards. Remember that his call to buy and hold Bitcoin as a Treasury asset has sparked widespread criticism, and skeptics claim that the top 10 projects have found solace in another major rival.
The proposal can be seen Cardano Set up the Ministry of Finance, which includes midnight tokens and other high-ranking native tokens. According to Coingecko data, the ecosystems of Top Cardano include Snek Meme Coin, World Mobile Token (Wmtyx), Liquid Finance (LQ), Minswap (MIN), and Indigo Protocol (Indy).
Is the top 50 too wide?
Interestingly, the proposal began community discussion as supporters shared their thoughts. In particular, several users highlighted that the top 50 Cardano Native Tokens contain many random tokens without essential use cases.
Users said he is not a fan of using Cardano’s Treasury to buy meme coins, but several other reactions suggested that the proposal would be more productive if the focus was on top 20 or 25 Cardano native tokens.
Comments on Hoskinsons’ proposal
However, a handful of reactions supported the proposal and others, while several others disagreed. For example, users supported Hoskinson’s original idea of investing in Stablecoin, claiming that Cardano should fix Stablecoin liquidity issues.
Surprisingly, all of Hoskinson’s proposals are aimed at Moves the Ministry of Finance in Cardano From unmanaged single asset-on-chain reserves to multiple coin-off chain treasury ministry. He believes this will generate ecosystem yields and in turn increase reserves.
