IO Scales Back Cardano Treasury Plan Ahead of Leios Mainnet Launch

Input Output (IO), the development company behind the Cardano blockchain, has submitted a revised proposal for its treasury model. The new plan, intended to be implemented before the Leios mainnet launch, seeks to allocate funds more efficiently than its predecessor.

The original proposal had faced criticism over concerns about governance and resource allocation. By scaling back its initial plan, IO aims to address these issues and ensure a smoother transition for the Cardano ecosystem.