Cardano (ADA)

@blockjock2017 James we have great respect for you and your positive effort in the community. You might be right about this being the wrong way to go about things or maybe not. But after years of just watching these rotten affairs go unnoticed it dont feel like we have any choice

With 68.44 million ADA voting power I just voted YES on the governance action: Cardano Defi Liquidity Budget - Withdrawal 1 on behalf of my loyal delegates. Rationale I am voting YES on this Treasury Withdrawal. While the administrative and legal setup costs are high, they are a necessary step to safely execute the upcoming 50M ADA liquidity deployment. This aligns perfectly with the Cardano Foundation’s recent eight-figure ADA deployment via Flowdesk, proving that deepening stablecoin markets is a coordinated ecosystem priority. Despite our stablecoin market cap reaching $48.88m (with USDCx commanding over 35% dominance), we face a severe routing problem. Because deep ADA/stablecoin pairs are lacking, massive USDCx liquidity is concentrated in non-ADA pairs like Minswap's NIGHT/USDCx pool (~$5.89M TVL). This fragmentation forces multi-hop routes, penalizing users with compounded swap (LP) fees just to move between core assets. By executing this proposal's mandate to aggressively fund ADA-to-stablecoin pai

Super bullish to get Layer Zero interop with Cardano as there's plenty of liquidity traveling hither and yon. Here's the 30 day omni-chain fungible tokens (OFT) sorted by value transferred. No more complaints about liquidity. It will become self service. USDT0 = $6.6 billion PYUSD = $742 million sUSDe = $641 million USDT = $404 million weETH = $110 million AUSD = $109 million and so on... link in next post

Midnight is not only building on Cardano, it is building Cardano. The midnight core developers, many of which never heard of Cardano before, are actively contributing to Cardano core repositories, and the roadmap. Especially when it comes to applied zk cryptography, they’re the guys at the forefront of pushing what is possible with the zk primitives on Cardano. The Glacier Drop (Midnight airdrop) development process was mostly spent fixing and improving Hydra and getting it to a point where it is actually usable in production. Hydra had been sitting there with its first “mainnet ready” release for a very long time, with the community wondering why no projects were using it, the answer was that it was simply not production hardened enough, and so Midnight spent a ton of time and development resources working in collaboration with the Hydra team to get Hydra to a point where it is actually usable in production (fixing dozens of liveness problems, head participant desync’s and other critical vulnerabilities). No

Such a good and useful conference. My favorite one in Cardano. Thank you 🇦🇷

Data for @Cardano is now available on Dune! Complete on-chain coverage spanning transactions, staking, smart contracts, governance, stablecoins, and DeFi protocol activity, all queryable and ready for analysis.