One of the delegates who have a say in the Cardano network stated that if the vote on the research and development fund request of 33 million ADA is negative, he may sell his ADAs and leave Cardano. This important statement came after objections were raised against the proposal submitted by Input Output Global (IOG). This discussion in the Cardano community recently reveals the ongoing conflicts in the governance system on the network.
Voting tensions and community division
In the Cardano network, delegates, known as DReps, participate in votes on how to use network funds. Recently, a new research proposal offered by IOG, covering approximately 33 million ADA resources, has been on the agenda. This proposal aims to investigate Cardano’s resilience to future quantum computers through a development effort called Leios.
Regarding the proposal, Chris O, one of the influential delegates in Cardano, said in a statement on his social media account: “If this proposal does not pass, I will sell the ADAs I have and withdraw from the Cardano network.” Chris O criticized YUTA’s abstention from other DReps and asked for the decision to be reconsidered.
Chris O argued that another delegate’s abstention on the proposal could harm the development of Cardano and stated, “These reasons do not make sense, they should be reconsidered rather than abstaining.”
In its evaluation, YUTA suggested that the funds allocated from the treasury were not used efficiently in some parts of the proposal and suggested that the proposal be presented in smaller and independent headings. However, Chris O rejected the idea of splitting the proposal as counterproductive.
In the votes held so far for the proposal, 13.28% support was given, while the rate of opposition exceeded 86%. Voting will continue until June 8, and the final decision will be made by the remaining DRep votes.
Mini dictionary: DRep (Delegated Representative) is a concept specific to the Cardano network. They are representatives elected by the community who play an active role in governance decisions, enabling ADA holders to delegate voting power to them.
Clear messages from founder Hoskinson
Charles Hoskinson, founder of Cardano, also made a statement regarding these developments. According to Hoskinson’s statement, if the current proposal is rejected, it will not be brought up again by IOG. He also emphasized that the closure of some research laboratories and the departure of many engineers in the project may be on the agenda.
Hoskinson said, “If the proposal is not passed, Cardano’s research-based development model may be damaged,” and pointed out that work on the blockchain may also be disrupted. The proposal includes various technical issues such as network scaling, security research, and new steps are planned for future updates.
Governance discussions continue
These discussions on the Cardano network raise the question of how to balance budget concerns with long-term goals in the platform’s governance system. As explained, the delegates, on the one hand, want to allocate resources to the future developments of the network; On the other hand, it feels the need to evaluate the proposals in detail in order to use treasury funds effectively.
Chris O’s exit increased interest in the conduct of the vote, while also highlighting disagreements in governance in general. Strong opposition to the proposal remains and DReps have until June 8 to decide.
| Top DRep Votes | Support Rate | Opposite Ratio | Voting End Date |
|---|---|---|---|
| 33 million ADA offer | 13.28% | 86%+ | 8 June |
