Charles Hoskinson says Cardano no longer comes first – its treasury vote explains why
Cardanos delegated governance voters let a 12.29 million ADA request for Pogun expire without ratification, showing that Input Outputs history as a founding builder does not guarantee access to the networks treasury. Related Asset Cardano #14 ADA · $0.23 24-hour change: down 0.68% Loading price history… 24H Down 0.68% 7D Up 8.03% 30D Up 1.71% Pogun is an Input Output-backed credit and liquidity product designed to bring Bitcoin into decentralized finance. Its proposal offered Cardano a share of the business in exchange for development funding. Charles Hoskinson says the product is still headed to Cardano. Future Input Output ventures will follow technical and commercial fit instead of an automatic Cardano-first policy. The result is a clear test of decentralized control. Cardanos representatives withheld public capital from an affiliated commercial project, while Input Output retained the freedom to deploy products wherever technical and business conditions are strongest. Related Company Input Output A blockchain research and development company A vote with two different verdicts The Pogun governance action asked Cardanos treasury for 12.29 million ADA and expired without ratification or enactment. The final Koios voting summary recorded 35.67% of delegated representative voting power in favor and 64.33% against. Related Asset Bitcoin BTC · $80,837.53 24-hour change: down 0.21% Delegated representatives,









