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Cardano's parent company reduces community funding requests to $46.8 million for network expansion and Bitcoin DeFi development
Golden Finance reports that on April 23, Input Output (the parent company of Cardano) has reduced its requested funding from the community treasury for 2026 to $46.8 million, roughly half of the $97.5 million requested last year. This move comes as the company begins to gradually reduce its reliance on community funds.
The company is currently seeking support for nine proposals, mainly centered around a major consensus upgrade called Leios. It is claimed that this upgrade can increase Cardano’s throughput to over 1,000 transactions per second. It also includes Pogun, a system aimed at introducing Bitcoin-based decentralized finance (DeFi) into the network.
Votes from approximately 1,000 elected representatives will continue until May 24, which will test whether Cardano’s expanded governance mechanism, after introducing alternative development and funding structures, will treat Input Output the same as other grant applicants.