According to BitJie, IOG, EMURGO, and the Cardano Foundation have jointly submitted a proposal to the Cardano Treasury for 70 million ADA to address key DeFi infrastructure gaps. The initiative, named the 'Cardano Key Integration Budget,' aims to develop stablecoin frameworks, institutional-grade custody, oracles, cross-chain bridges, and advanced analytics. The proposal emphasizes the need for these tools to enhance Cardano's competitiveness and support institutional participation. The funding will be distributed via a milestone-based structure, with payments contingent on signed contracts and clear deliverables. As of November 28, 2025, Cardano's TVL stands at $190.92 million.
IOG, Emurgo, and CF Launch 70M ADA Plan to Boost Cardano's DeFi Future
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