Cardano Pogun Project Aims to Revolutionize Bitcoin DeFi

The Cardano Pogun project aims to bring Bitcoin-based decentralized finance (DeFi) into the Cardano ecosystem, enabling users to leverage their Bitcoin holdings and earn yield on their investments.

Pogun will allow Bitcoin holders to borrow and lend their assets without relying on centralized intermediaries, thereby increasing the utility of the ADA token. The project is expected to require fees to be paid in ADA, further boosting its adoption and usage.

The Pogun project is part of a larger effort by Input Output Group (IOG) to supercharge the Cardano network, which includes scaling upgrades and expanding into DeFi. IOG has submitted nine proposals to enhance the Cardano network, with a major consensus upgrade called Leios being one of the key initiatives.

Leios aims to increase the transaction processing capacity of Cardano by 10-65 times, targeting more than 1,000 transactions per second. The proposal is scheduled for a test release in June and full deployment by the end of 2026.