Cardano Founder Conducts Large-Scale Audit of 11,000 DAOs

Cardano's network has been experiencing stagnation, with low daily revenue and modest DeFi value locked, contributing to a governance crisis within the project.

In an effort to address this issue, Charles Hoskinson is conducting a comprehensive review of 11,000 third-party decentralized autonomous organizations (DAOs) that are integrated into the Cardano ecosystem.

The audit aims to explore new governance models and frameworks that can balance the competing demands of developers who want practical DeFi product funding with Hoskinson's commitment to fundamental scientific research.