List of Flash News about treasury loan
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2025-09-06 21:49 |
Cardano ADA: 32.64M Vote Backs ₳5M SNEK Treasury Loan to Accelerate Global Exchange Listings
According to @ItsDave_ADA, he voted YES with 32.64 million ADA on the SNEK treasury proposal titled Budget: ₳5M Loan for Cardano's Global Listing Expansion - Powered by Snek. Source: Dave (@ItsDave_ADA) on X, Sep 6, 2025, https://twitter.com/ItsDave_ADA/status/1964445960077300107 He described it as Cardano’s first repayable treasury loan (not a grant) with the stated goal of breaking ecosystem isolation and paving the way for Cardano native tokens to reach major exchanges, a trading-relevant push for broader market access and liquidity. Source: Dave (@ItsDave_ADA) on X, Sep 6, 2025, https://twitter.com/ItsDave_ADA/status/1964445960077300107 He emphasized accountability, urged the Snek team to consider early repayments to prove the model, and highlighted future on-chain treasury withdrawals paired with a native lending/borrowing protocol as a governance advancement traders should monitor. Source: Dave (@ItsDave_ADA) on X, Sep 6, 2025, https://twitter.com/ItsDave_ADA/status/1964445960077300107 He also shared his DRep profile for transparency on voting activity. Source: https://adastat.net/dreps/drep1ygsgfhcydhlfglamhzkjn97rz3edef8a4z99fwl2frcwnrcmgurt3 |