Cardano Treasury DeFi Liquidity Budget

Info action: A poll. It records opinion on chain and changes nothing.

Status: Expired: Voting closed without the action reaching the support it needed.
Proposed: 7 May 2025, in epoch 556
Action ID: gov_action1fpqwxp2kxvnntr8hpkh9q9djm78ccdww7qlhg5safugh4stmcwzqql5lauu

Votes

DReps: 4.1% yes, 10 Yes · 135 No · 28 Abstain.
Stake pools: 0% yes, 0 Yes · 7 No · 1 Abstain.
Constitutional Committee: 0% yes.

Abstract

The goal of this proposal is to increase liquidity on Cardano, specifically by supporting stablecoin liquidity. 50,000,000 ADA is requested over the course of 12 months (the duration of the budget) to support the Cardano decentralized finance (DeFi) ecosystem. The majority of the funds in this budget will be disbursed to DeFi protocols including decentralized exchanges (DEXs) and lending protocols to help seed liquidity on Cardano. The funds are managed by a 7 person administrating committee composed of publicly identified individuals who are part of multi-signature (multisig) wallet from which liquidity will be managed. This budget is proposed independent of other efforts since the goal of this budget is not to pay developers or companies for ecosystem improvements, rather to increase liquidity in the system overall. Further, unlike other proposals this budget serves as a revenue stream for the Cardano treasury since yields from DeFi protocols will be sent back to the Cardano treasury.