Hoskinson's Plan to Tame Cardano's Idle Capital

Cardano founder Charles Hoskinson has proposed a plan to attract idle Bitcoin into his platform's DeFi ecosystem. According to him, roughly $1.6 trillion in Bitcoin is sitting idle and earning no interest.

Hoskinson wants to route some of this money through Cardano's infrastructure using a platform called Pogun. This will involve every transaction requiring ADA for fees, which will be paid invisibly by Bitcoin users, effectively creating demand for the token.

Pogun will roll out in three phases across 2026: non-margin credit market, yield application, and BitVM-based trust-minimized bridge. The platform leans on Cardano's EUTXO accounting model and partner chain Midnight to ensure secure transactions.