According to the Cardano Critical Integrations V2 proposal released by the Cardano ecosystem governance organization Intersect, a request has been made for 23 million ADA (approximately $23 million) to support the second year of development for Cardano’s critical infrastructure, including the maintenance, enhancement, and delivery of projects such as Circle (USDCx), LayerZero, Pyth, and Dune, along with the addition of a native Fireblocks integration. The proposal was jointly submitted by the Cardano Foundation, Input Output Group, EMURGO, and the Midnight Foundation through the Pentad structure, with Intersect serving as the administrator (without voting rights). The proposal is currently in the community voting phase.
Cardano Proposes 23M ADA for Key Infrastructure Development
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Summary
The Cardano Critical Integrations V2 proposal, submitted by the Cardano Foundation, IOG, EMURGO, and the Midnight Foundation, seeks 23 million ADA (approximately $23 million) to fund essential infrastructure projects driving ecosystem growth. The initiative supports Year 2 development for Circle (USDCx), LayerZero, Pyth, Dune, and Fireblocks. Intersect, the governing body, oversees the proposal, which is now open for community voting. This step aligns with broader ecosystem expansion efforts and brings Cardano closer to parity with the Ethereum ecosystem in cross-chain integration.
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