The Pogun rejection blocked a 12.29 million ADA withdrawal while Hoskinson says future products will not default to Cardano.
- Cardano's delegated governance voters rejected a 12.29 million ADA funding request for the Bitcoin DeFi product Pogun, indicating a shift away from a Cardano-first policy for future Input Output ventures.
- Charles Hoskinson stated that future products will be deployed based on technical and commercial fit rather than automatic prioritization of Cardano, highlighting the network's success in limiting its founding company's influence over treasury funds.
- While Pogun's funding was denied, Input Output plans to deploy it on Cardano within 90 days, potentially generating fees and liquidity without the rejected revenue-share agreement, testing the interaction between decentralized governance and commercial independence.
Topics: Institutional adoption, Blockchain usage, Legal regulatory, Asset manager initiatives, Ethereum evm l 1 s, Securities law classification
Tags: #cardano #charleshoskinson #treasuryvote #pogun #inputoutput #ada #bitcoindefi #decentralizedgovernance #drep #midnightcityv2