Cardano rejects Input Output's 12.29M ADA request as Hoskinson drops 'Cardano first' policy
- —DReps voted against: 64.33% against versus 35.67% in favor of allocating 12.29 million ADA
- —The Constitutional Committee approved the request unanimously — 7 votes out of 7
- —Pogun promised to return 20% of revenue until $2.95 million was repaid, then 5% in perpetuity
- —Hoskinson: RealFi will launch on Cardano in October 2026, Pogun within 90 days
Why it matters: Cardano showed its treasury is not controlled by the founding company, but the network will now have to compete for Input Output's future products.
Source: CryptoSlate