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Replying to a tweet by dcSpark co-founder, the creator of IOHK and Cardano reminded the ADA community about the Cardano Treasury that supports developers According to a thread on X, some community members questioned why IOG, the Cardano Foundation, and Emurgo have not collectively contributed ADA to support The creator of Cardano and IOHK, charles hoskinson, stated that its $723 million treasury has its own growth fund and is decentralized. Charles’ response was in Djed is a decentralized, algorithmic stablecoin created by COTI and built on the Cardano blockchain (ADA). Users can test the protocol’s primary capabilities in a Watcher.Guru on Twitter: JUST IN: Cardano Founder @IOHK_Charles confirms the $ADA treasury, which holds over $700 million, has its own growth fund and is Cardano’s climb past $700 million in TVL is a testament to its steady progress and expanding utility. This achievement is fueled by the addition of new DeFi It was in response to an appreciation tweet by Sebastian about how Cardano treasury has a massive $723 million in ADA. He wrote that companies like dcSpark could build uninterruptedly with Cardano’s treasury. Cardano founder Charles Hoskinson said that ADA’s $723 million treasury is decentralized. Hoskinson, who is also an Ethereum co-founder, said this in response to a

Cardano Founder Confirms $700 Million ADA Treasury is Decentralized with its Own Growth Fund

The Cardano community received reassurance regarding the decentralization and robust nature of its treasury. Replying to a tweet by dcSpark co-founder, Cardano founder Charles Hoskinson confirmed that the $723 million ADA treasury operates independently with its own growth fund, ensuring sustainable development and innovation within the Cardano ecosystem.

Cardano\'s Decentralized Treasury: Powering Growth

The creator of IOHK and Cardano reminded the ADA community about the Cardano Treasury that supports developers, clarifying its role in fostering growth. This confirmation addresses concerns raised by some community members on X (formerly Twitter) who questioned the contributions of IOG, the Cardano Foundation, and Emurgo. According to a thread on X, some community members questioned why IOG, the Cardano Foundation, and Emurgo have not collectively contributed ADA to support.

The creator of Cardano and IOHK, Charles Hoskinson, stated that its $723 million treasury has its own growth fund and is decentralized. Charles\' response was in relation to an appreciation tweet by dcSpark\'s Sebastian about the Cardano treasury\'s substantial holdings. Sebastian highlighted the potential for companies like dcSpark to build on Cardano without interruption, thanks to the treasury\'s resources. Watcher.Guru on Twitter highlighted this development, stating: "JUST IN: Cardano Founder @IOHK_Charles confirms the $ADA treasury, which holds over $700 million, has its own growth fund."

Responding to Community Questions

Hoskinson, who is also an Ethereum co-founder, addressed the community concerns directly. It was in response to an appreciation tweet by Sebastian about how Cardano treasury has a massive $723 million in ADA. He wrote that companies like dcSpark could build uninterruptedly with Cardano’s treasury. The reassurance highlights the treasury\'s autonomous nature, operating independently to fund projects and initiatives within the Cardano ecosystem.

Cardano\'s DeFi Growth and Djed Stablecoin

Cardano’s climb past $700 million in TVL is a testament to its steady progress and expanding utility. This achievement is fueled by the addition of new DeFi applications, highlighting the growing confidence and adoption of the Cardano blockchain. An example of DeFi development on Cardano is Djed, a decentralized, algorithmic stablecoin created by COTI and built on the Cardano blockchain (ADA). Users can test the protocol’s primary capabilities in a test environment.

The $723 million ADA treasury\'s decentralized structure and dedicated growth fund are key components of Cardano\'s long-term strategy. They ensure the ecosystem has the resources needed to continuously innovate, attract developers, and expand its reach in the DeFi space and beyond. Charles Hoskinson said that ADA’s $723 million treasury is decentralized.

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