Cardano Treasury Vote Opens with IO Proposals to Scale Network and Integrate Bitcoin DeFi

Cardano's treasury vote has opened, allowing delegates (DReps) to weigh in on nine proposals submitted by Input Output (IO), one of the network's core engineering outfits. The proposals are aimed at scaling the Cardano network and integrating Bitcoin DeFi features, with a focus on making it easier for users and developers.

The largest chunk of funds is requested by Cardano Maintenance, which seeks ₳62.1 million to handle bug fixes, infrastructure, monitoring, releases, and security support. This highlights the importance of shoring up the network's foundation in order to support growth initiatives.

Other notable proposals include Leios, which aims to shift from testnet to mainnet-ready release candidate, potentially increasing transaction capacity by 10-65 times. Pogun is another high-profile proposal, a full-stack Bitcoin credit and liquidity platform for Cardano, with plans for a mainnet credit market in Q2, a yield app in Q3, and a BitVM-powered bridge in Q4.