Saint Jude 🪏

@CashAnvil @alphagrowth1 Repent! @Cardano_Will hath fallen prey to the DRep "R-word" doom loop. He hath voted NO on the @alphagrowth1 PRIME proposal. x.com/Cardano_Will/s…

Hopefully the DRep "R-word" doom loop won't take effect. What's the DRep "R-word" doom loop? "We can't contract a third party Defi growth firm with a consistent track record of success to grow on-chain activity because we don't have any NCL treasury funds left... ...We can't raise the NCL treasury amount because we don't have enough on-chain activity."

Met with the @alphagrowth1 team yesterday and was highly impressed by their knowledge of DeFi and ability to communicate their goals on Cardano. They are the real deal imo, and can help push Cardano to places it has not yet been in terms of DeFi. I still want to do a thorough read through the proposal but I am a YES vote unless I see something that truly is out of line. Make sure to give them a real chance here. This may be the huge Catalyst we need to push Cardano back into the top 5. They are also heavily in favor of pushing RWA markets which directly aligns with our Ticketing proposal with Sellout, and other products we are working on. Not a paid endorsement. No pending contracts. I just actually believe they can make it happen. If you want this to go through that also means raising the NCL. Best of luck to all DReps! tempo.vote/governance-act…

Immigrants are expected to assimilate and leave things incompatible with the host nation at the door.

Rejoice! For @Cryptofly777 has just voted YES for both the @AlphaGrowth1 PRIME and corresponding Net Change Limit Increase proposals. adastat.net/governances

@VivalaCoinBTC Rejoice! For our prayers have been answered! (The true miracle will be fixing broken x-spaces).

Woahhh, did Elon & crew finally fix the algo? Maybe he should rob the public more often w/ his profitless IPOs to pay his last-in-line devs, we might actually get functional x spaces back as well ✊️

@coc_space GM, GM Psalm 5:3 KJV - "My voice shall thou hear in the morning, O Lord; in the morning will I direct my prayer unto thee, and will look up."

@JaromirTesar Yes, yes, and more yes.

Cardano is still in the top 20 and is one of the most traded assets. It has significant market recognition and a community. The brand is known to everyone in crypto. The problem is that the DeFi/RWA ecosystem is disproportionately small. The market capitalization of Cardano is not being converted into on-chain liquidity and application usage. Fees contribute negligible amounts to the Treasury. In addition to low throughput, the small DeFi ecosystem is one of the many reasons why Cardano is not in the top 10. Leios addresses throughput, which removes a major obstacle to growth. The UTxO model and high decentralization, alongside thousands of TPS, have huge potential. The next step must be to focus on the ecosystem's growth. It is necessary to admit that AlphaGrow PRIME can change this. Pentad has secured the necessary integrations with Pyth, LayerZero and Dune. We have USDCx. That is another important piece of the puzzle. These integrations are valuable only if applications, liquidity providers, and users actually use them. Integrations in themself can bring new growth. However, the effect can be multiplied if supported by capital. PRIME can therefore be seen as a commercialization and activation layer following the protocol improvements and infrastructure investment. That sequencing makes sense. We built rails. We have builders. Now we need to support builders and attract both capital and users. Unfortunately, governance has not yet supported projects with a focus on growth. Only one such proposal has been approved directly in on-chain governance, besides Orion Fund. I see this as a failure of governance coordination. Cardano urgently needs to support growth and adoption. This is quite obvious. We need to start a debate in the community about what form is best, how much funding we want to allocate, when, and who should be responsible for it. In my opinion, the AlphaGrow PRIME proposal should have been submitted at the beginning of the NCL period. Anyway, the proposal is on-chain now, including the request to increase the NCL. It's time to talk about it. As a DRep, I need feedback from the community. I want to hear both positive and negative opinions. I can assure you that I perceive both poles.

Imagine you're the owner of a sports team. Every season, you finish near the bottom of the standings. You know the reason: you can't score goals. The other teams in the league have elite forwards, you don't. Fortunately, you have one of the largest budgets in the league. But every offseason instead of investing some of your budget into goalscoring, you spend your money renovating the dressing room. You buy new training equipment. You expand your analytics department. You give all your coaches raises. You upgrade your arena. Worthwhile investments, but you still can't score. When someone finally proposes signing a proven goal scorer, you ask them to explain how they'll increase concession sales, parking revenue and whether nearby businesses will benefit from their presence. Another season passes, you're still not scoring. Welcome to Cardano, today!

@c6c6dog @phil_uplc Well deserved

@phil_uplc DeFi market success will further adoption elsewhere in the ecosystem. That’s one of my main points. DeFi is the tip of spear and I hope enough folks will really understand this.

Rejoice! For @Phil_uplc hath flipped Bullish Dumpling and continues to grow delegation as a DRep in Cardano governance. Grow Cardano. Win. adastat.net/dreps

"...but I'm afraid this is no longer a situation we can hope to organically resolve itself. It simply won't. We need to be bold and aggressive with a DeFi acceleration and spending plan in order to put this ecosystem on the map along with everything we have all collectively and tirelessly worked towards for years now."

@ecatxvc Thank you guys, it's very promising to see large DeFi protocols like Indigo take this proposal seriously and recognize the opportunity it provides to Cardano to success in the DeFi market.

@ecatxvc This guy gets it. Philippians 4:6 KJV - "Be careful for nothing; but in every thing by prayer and supplication with thanksgiving let your requests be made known unto God."

Cardano DReps: Pertaining to the NCL Increase & Alpha Growth proposals, I'm sincerely asking you all to look beyond past spend mishaps or other potential blockers of this proposal and consider this only through the lenses of "Cardano DeFi Competitiveness." For years now, we have all taken the approach of "if we build it they will come" and that has obviously not been the case for a multitude of reasons, and this is our chance to undo and/or resolve many of those DeFi infra shortcomings. I'm very much aware of the exhaustion on the topic of governance and concern on spending, but I'm afraid this is no longer a situation we can hope to organically resolve itself. It simply won't. We need to be bold and aggressive with a DeFi acceleration and spending plan in order to put this ecosystem on the map along with everything we have all collectively and tirelessly worked towards for years now. Cardano has a real chance here to level the playing field and get mission critical infra gaps filled that will bring fresh, sticky liquidity. As liquidity inflows result as part if this proposal, everyone materially involved or invested in the Cardano brand stands to benefit from the fresh adoption and new investors across the board. Not only will Cardano be attracting net-new TVL as part of the proposal's aims itself, but there will be organic growth from these gains as more traction and awareness spreads. We all win. Taking the "more of the same" approach is becoming increasingly obvious that this will NOT be in Cardano's best interests long term. We have time still to alter course and steer this ship in a better direction, let's not squander it!

Appreciate the thoughtful writeup @mr_cata — this is exactly the conversation we hoped going on-chain would start. Taking your points in order: On attribution: The premise of PRIME isn't that we show up with a handful of deals and claim credit. We're building and operating growth infrastructure for the whole ecosystem - BD pipeline, incentive design, institutional relationships, integrations - so that deals which might look "non-attributed" become possible, and happen at far larger size and scale, because that infrastructure and oversight exists. The tailwinds you list are real and we welcome them. Where something was genuinely already in motion regardless of our involvement, we're fine with it being excluded; that's an active, private conversation with the teams involved and members of the Pentad, and it hasn't been a blocker. What we can't do is disclose every deal publicly to claim credit line-by-line; The honest frame is overall ecosystem growth minus specific exclusions. On the performance bar being "too low": Some context: we were initially approached about bringing $1B in TVL. We said that was untenable as a promise. The maximum comp tier assumes we achieve roughly 3x the industry standard in TVL per incentive dollar: the industry average is about 14:1 TVL to annualized incentive spend; we typically deliver around 42:1. That's an aggressive bar most teams could not hit. We'd obviously love to push past $300M, $400M, $500M and keep going toward $1B+, and will push despite compensation not scaling indefinitely with success. For reference, other proposals floated through the RFP process asked for retainers larger than our entire retainer plus upside, with no upside conditions at all. If we get paid the max here, it means we did a very good job for the ecosystem! On rules before payout: Fair point, and we'll commit to it plainly: the attribution methodology will be finalized with oversight and published before any performance compensation is paid. None of these funds flow to us unilaterally — they require Cardano oversight approval. We deliberately didn't hardcode terms so the operating group, Pentad, and checks and balances we put forward could negotiate them, and that negotiation continues once the proposal passes. We're happy to take recommendations in public too. On TVL as the metric: We agree it's not sufficient — we care more about organic APR and exogenous yield than raw deposits. But the alternatives are genuinely hard to define. What's an "active user"? Is it an AI bot? A wallet? Someone routing through Cardano via an ecosystem-agnostic aggregator? If an earn product on a centralized exchange gets 100,000 depositors but the strategy executes through one corporate account, is that one user or 100,000? TVL is a simple to understand metric that is difficult to fake and the easiest for everyone to verify. Everything else — volume, fees, yield quality — we'll publish in transparency reports so the ecosystem can judge the full picture. On vesting: Open to, and actively discussing with other teams, structure here, but insist on one principle: compensation duration has to match control duration. If our upside vests well past the 12-month term but we no longer direct incentive spend or ecosystem strategy, we're being asked to bet on outcomes we can't influence. That's the constraint we're negotiating around with the Foundation and Pentad right now. Appreciate your willingness to support raising the NCL — and the door's open: happy to hop on a recorded call or Twitter Space and go through any of this live!

@realjohnny5i @ESCOweb3 @IOHK_Charles what do you think about Esco in Nightforce?

Voted YES already. Must be done!

Governance should always leave room for honest reconsideration. After a deeper review of the Enterprise Adoption: Ticketing Platform Proposal - and a genuine exchange with @CashAnvil - I changed my vote from No to Yes. 📍In my initial assessment, I placed too much weight on open-source reuse. Open source can create enormous ecosystem value, but it should not automatically be a requirement for every Treasury-funded initiative. My standards have not changed: accountability, repayment protections, and long-term ecosystem value still matter. What changed was my understanding of how this proposal aims to meet those standards. I appreciate @CashAnvil for engaging openly and providing additional context. Transparent governance means explaining not only why we vote - but also why we sometimes change our minds. At the end of the day, we are all here for the same reason, for a better future. $ADA #Cardano #Governance 🫡