Charles Hoskinson says Cardano no longer comes first – its treasury vote explains why

Cardano Rejects 12.29 Million ADA Pogun Request—and Puts Input Output on Notice

Cardano voters rejected a 12.29 million ADA request for Pogun, forcing Input Output to prove its Bitcoin DeFi plan without automatic treasury backing.

Charles Hoskinson says Cardano no longer comes first - its treasury vote explains why

The Pogun rejection blocked a 12.29 million ADA withdrawal while Hoskinson says future products will not default to Cardano.

Charles Hoskinson says Cardano no longer comes first – its treasury vote explains why

Cardano's delegated governance voters let a 12.29 million ADA request for Pogun expire without ratification, showing that Input Output's history as a founding builder does not guarantee access to the network's treasury. Pogun is an Input Output-backed credit and liquidity product designed to bring...