Devansh Bhasin

@StakeWithPride Yup - Pogun sounds like a great proposal! Like the name and branding too

This Cardano Treasury withdrawal is getting repaid in full with lifetime royalties. This is how you ask for $ADA money.

@yutazzz Pass Leios, Bitcoin Defi and L2 proposals - everything else can come later. Maintenance is critical too but idk if the cost can be reduced.

This is an AI-generated output, but it contains an overview of the IO proposal, including an analysis of its merits and demerits. I hope you find it helpful! adatool.net/io-proposals

@opfayzy @fulyanime It’ll be a battle royale

@fulyanime Who do you think the final villain is bb or Imu

It's so funny to think this guy was playing with butterflies in his little flower room for 800 years #ONEPIECE1180

@_Just_Jinx @IOHK_Charles @IOGroup Buy signal honestly

Can someone please explain to me why all of the keyboard warriors on Cardano is saying that @IOHK_Charles and @IOGroup has "left" or "stopped working on Cardano" Leios Live Update: engineering.iog.io/leios Last update was 5 hours ago FYI IOG Update: iog.io/news/change-of… Am I missing something here? As I don't see them "as they left for Midnight" That is just Bullshit plain and simple

@IOHK_Charles Great expression by Charles here - always amazes me how articulate he is

332 x.com/i/broadcasts/1…

@hix_coffeepool Among these top 10 what’s the data on collusion? Do they have a pattern of voting in a similar way? Understand the risk - and should move towards DRep decentralization - but this data is more important in the short term

Cardano has set a budget cap of 350M ADA (~$140M USD) annually, and treasury withdrawal proposals are now flooding in. Yet the top 10 DReps control over 48% of voting power, meaning 10 accounts effectively decide how $140M is allocated, with zero external audit. To put $140M in perspective: A mid-cap public company's annual R&D budget A Series C startup funding round A small municipality's entire annual budget Now consider: 10 people control these decisions. No board of 10 would unilaterally allocate $140M in a publicly traded company without shareholder approval, audit committees, and regulatory oversight. No municipality of comparable budget would allow 10 officials to spend taxpayer money without council votes, public hearings, and external audits. Yet Cardano's treasury, of equivalent scale, operates with 10 accounts holding veto power over $140M, answerable to no one. Daily flow under their control: 960K ADA = $380K USD The Clarity Act Question: Under the SEC's new guidance, sufficient decentralization determines whether crypto assets are commodities or securities. How would regulators assess a network where 10 accounts control $140M in capital allocation without oversight? This isn't just poor governance—it's a regulatory time bomb. What needs to happen: Delegation diversification: Break up concentrated voting power Hard caps on DRep voting power: Structurally prevent re-concentration Transparency and accountability: External audit mechanisms For Cardano, decentralization isn't an ideal—it's a survival requirement. #Target15 #カルダノガバナンス

@ItsDave_ADA @IOHK_Charles @Dagnum_PI @pyro_ae It’s good to stay cautious, Dave - but I’ll give him the benefit of doubt so far because till now Midnight has only added value to Cardano through Airdrop, Mining, Transactions, CNT Listings, Marketing etc.

@IOHK_Charles @Dagnum_PI @pyro_ae Confused on what I'm apologising for here, let's keep this constructive, I'd love to know exactly the plan on how billions of dollars in value will enter Cardano due to Midnight, isn't this quite the opposite, the value in Cardano can bridge into Midnight?

Okay @ItsDave_ADA has put in nothing but good faith for Cardano. @IOHK_Charles for the love of all that is cherished look in a mirror and better your behavior. This ecosystem and your next will die by your vitriol if you don’t stop. Ik you don’t care anymore(seems like it) if thar is the case its okay to move industry to health tech.

@MylesMcNulty @InvestmentGuru_ Any idea how to buy it in the US

UK-listed Avacta Group #AVCT is going to wipe the floor in the field of peptide-drug conjugates for treating cancer - and in doing so, it'll displace a very large majority of the (currently) rapidly growing antibody-drug conjugate industry. In pre|CISION, Avacta owns the industry's most targeted platform, which can be used to modify almost any anti-cancer drug (be it small molecule, biologic, etc.), and target around 85% of all types of cancer. US retail is currently missing this opportunity simply due to the stock not (yet!) being listed on NASDAQ. Bookmark this, and revisit in 6 and 12 months!

6 Peptide Biotech Stocks to watch for future. $BCYC •Tumor-targeting bicyclic peptides •Oncology + peptide-drug conjugates •Could attract major pharma buyouts if trials succeed $ENTX •Oral peptide delivery—no injections needed •Osteoporosis & metabolic disease drugs •Potential to disrupt $100B injectable peptide market $LSTA •Peptides that help chemotherapy drugs penetrate tumors •Oncology-focused with Phase 2/3 catalysts $CUE •Peptide-MHC molecules activate immune cells •Precision immunotherapy for cancer & autoimmune diseases $VTGN •Neuropeptide nasal sprays •Rapid-acting treatments for social anxiety disorder •Huge potential psychiatric market if trials succeed $PEPG •Peptide-enhanced delivery of RNA therapies •Focus on rare genetic diseases, e.g., Duchenne muscular dystrophy •Solves one of biotech’s biggest challenges: getting therapies inside cells efficiently •Could become a major platform play if delivery technology proves successful The peptide revolution is already underway: •GLP-1 drugs proved the market is massive •AI-designed peptides accelerate drug discovery •Small-cap peptide biotech companies often become multi-bagger winners after clinical successes High risk, high reward — clinical-stage biotechs are volatile. But the next biotech cycle could be defined by peptides.

@LayerZero_Core Let’s bridge 🌉

All of crypto, connected to Cardano

@mauriciofribei1 @myESMO What do you think of AVACTAs FAP targetting platform. Combining that with Radioligands also looks like a promising option for the future

An old target is rightfully on the drug development spotlight again. FAP theranostics relies on the differential FAP expression between CAFs and fibroblasts in normal adult tissues; select STS subtypes (e.g. SFT, UPS) demonstrate some of the highest uptakes on FAPI-PET imaging due to strong stromal and tumor cell expression. Excited to see where the integration of new generation radioligand therapies (alone or in combination with TT/IO) will take solid tumor Medical Oncology. @myESMO #ESMORareCancers2026 #radiotheranostics

@adamKDean @ElderM We need this 💯Full support

Hear me out, 100k ADA per $1M USDCx/M of liquidity provided into the defi ecosystem. We withdraw 50M, that's 500 grants, $500M of stablecoin liquidity. You have to lock your LP tokens for 1 year in order to qualify. One withdrawal, 3-4 txns to set up the smart contracts, Bob's your uncle and the system works with zero administrative overhead, it simply exists as a liquidity bounty on chain

Since I am no longer bound by the budget info action, how does everyone feel about doing 100 million ADA withdrawal instead of 50 million ADA? One of the big questions people have had about USDCx is: where will the liquidity come from? What if the answer was: us

@bigpey Spot on thinking! Cardano has one of the best retail communities and a way to incentivize them for providing liquidity would do wonders (would personally park a lot more USD on chain)

Instead of giving 50 Million ADA to a Caymen Islands entity to provide liquidity. What if we gave it to regular Cardano users as rewards that provide Bitcoin, or USDCx liquidity. Retail needs to get paid IMO.

@MoonGotchi @zora Zora was useless on base, it’ll remain useless on Solana

a day after launch the top "attention market" on @zora is sitting at a *checks notes* $40k market cap didn't these guys raise like $60mn+? lmfao

@0xNLYFANS @MinswapIntern Different architecture designs, but all tradeoffs considered I’d still put Cardano way above Solana in terms of protocol security. And no - have just used BNB/Eth L2s other than the ones I mentioned.

@devansh0bhasin @MinswapIntern That’s just called delegation (it’s different to staking which is something Cardano SPOs provide). Did you ever use Tezos, EOS or PiVX? Unfortunately that UX comes with significant protocol security tradeoffs which is why Solana plans to introduce slashing.

REMINDER: Cardano is the only top 10 proof-of-stake blockchain offering native, non-custodial liquid staking.

@0xNLYFANS @MinswapIntern The difference in UX is night and day and Ethereum and Solana (protocols I’ve used) don’t come close!

@0xNLYFANS @MinswapIntern Liquid is the key word here. Try using it and you’ll know the difference easily. Literally no lock in or unstaking periods.

@Amaru_Cardano Need these ethics to succeed!

Today, as agreed, we paid back to the Cardano treasury the ₳920.4K leftovers from our past treasury withdrawal. We got lucky with the market this summer and didn't spend all our budget. Note that some of the accounts still hold USDM, meant to pay remaining late 2025 invoices.

@IntersectMBO @IOGroup @Cardano_CF @emurgo_io @midnightfdn @LayerZero_Core This is the way!

One of the next major outcomes of the Critical Cardano Integrations workstream is now in place! The Steering Committee representing @IOGroup @Cardano_CF @emurgo_io @midnightfdn and Intersect has approved a major interoperability integration for Cardano: bringing @LayerZero_Core to the ecosystem. LayerZero is one of the most widely adopted omnichain messaging protocols in Web3, connecting 150+ blockchains and enabling access to 400+ tokens and $80B+ in omnichain assets. This integration unlocks the largest cross-chain connectivity expansion in Cardano’s history, opening pathways to stablecoin liquidity, Bitcoin-backed assets, tokenized real-world assets, and shared DeFi infrastructure across the broader crypto ecosystem. As the ecosystem continues to invest in long-term infrastructure and utility, this marks another step in positioning Cardano for sustained growth and broader global relevance. This is one of the flagship integrations progressing under the Critical Integrations framework, with Intersect acting as administrator. Delivery work now moves into deployment, with further milestones and timelines to be shared as progress continues. Learn more ➡️ bit.ly/CardanoXLayerZ…

@Padierfind Super cool! Keep building

Stig, the CEO of NBX Exchange (newest partner of finest) just flew down to Düsseldorf to see if he can *actually* go one of pro aurums stores and exchange his fGLD Cardano Tokens for real physical Gold. And guess what? Of course it worked. 😎 fGLD fGLD fGLD

@phil_uplc Couldn't agree more!

To be absolutely clear, the above demonstrates that the ZkFold team has intentionally defrauded the Cardano treasury. Such actions MUST have consequences.

It is very common for developers in this ecosystem to grift non-technical community members into believing they have produced useful technology or otherwise fulfilled their obligations when in actuality they just writing non-functional code in a void that is never intended to see use and publishing that code to Github to collect their catalyst milestone rewards with zero intention of actually delivering anything meaningful to the ecosystem or even actually delivering the milestones at all. The below is a great example of an egregious instance of this. Let us walk through each of the proposals that they have said are "completed" and explain the actual status of the proposals in a way that non-technical people can understand. zkFold x zkPass: Bring zkPass to Cardano Problem statement: Implementing data oracles is a critical problem in the blockchain space. Cardano currently lacks a universally accessible, cost-effective, decentralized, and reliable data oracle. Solution: zkPass is a leading cross-chain data oracle solution. Leveraging zkFold's expertise in Cardano smart contracts and ZKPs, we aim to integrate zkPass's robust data verification services on Cardano. By verifying zkPass proofs on-chain, users get an independent, unforgeable attestation of the validity of their private data. Currently, zkPass supports many EVM chains. By implementing zkPass proof verification contracts on Cardano, we enable Cardano users to access zkPass functionality from the comfort of their Cardano wallets. Wow that sounds great! zkPass is a massive oracle provider in the blockchain space, it would be huge for Cardano defi if we could have a means to verify zkPass proofs on Cardano. The proposal talks about how they will be teaming up with the zkPass team to deliver this functionality; that's a huge collaboration! The project was completed! They collected all milestones, a total of 250,000.00 ada. Great work! That must mean that we can verify zkPass oracle attestations on Cardano now! Or at the very least that zkPass team was involved in the delivery of this in some way as promised! Or that zkPass is integrated or used in some form somewhere in whatever they delivered? We should at-least have the following two components that were promised in the proposal right? 1. Onchain smart contract that can verify zkPass proofs 2. A JS library that integrates with zkPass's JS-SDK and contains the off-chain code for building Cardano transactions and querying attestation data from the blockchain. The following outputs were promised in the milestone delivery: 1. Client-side (browser) blockchain querying code 2. Finalized smart contract code (Haskell) 3. Finalized JS/TS library What did they actually deliver? Here is what they gave the in final proof of achievement: Link to Client-side (browser) blockchain querying code: github.com/zkFold/capital… Ah this must be the JS library code that queries the zkPass attestation data from the blockchain right? No. Well then what did they submit? What does this code do? It is a glorified geography trivia game. > This game tests your geography knowledge about countries and their corresponding capitals. A score between 0 and 5 is assigned to each trial. Does it at-least get any information from zkPass or consume zkPass data or have any relation to zkPass at all? No. It is a game that lets you answer questions about what the capital of each country is. What about the smart contract to verify zkPass oracle attestations? Here is what was linked in the final milestone, Link to Finalized smart contract code (Haskell): github.com/zkFold/zkpass-… Okay okay, the querying for zkPass attestations wasn't what we expected but surely the smart contract verifies zkPass attestations right? I mean look at the codebase, it's got a ton of lines of code, lots of super advanced terminology like "Plonk", "NonInteractiveProof" "ZKCircuits", "ZkPassToken"! The smart contract in the link above named `untypedZkPassToken` even says in its documentation that it is a "Plutus script (minting policy) for verifying zkpass computations on-chain." That sounds promising right! Even if we don't have the offchain code to get attestations, at-least we have the smart contract that can do it right? Wrong, this smart contract cannot verify zkPass attestations at all. Not a single one of them. Nada, zip, zilch. This smart contract is a generic verifier for plonk proofs that was copy pasted from another project. Plonk proof verifier! That sounds cool! So even if they didn't actually deliver a contract that can verify zkPass proofs at-least they made some progress on it? Or at the very least they attempted to do it? No. They did not. You see, zkPass oracle attestations come in the form of a JSON blob with ECDSA signatures no zk required, also importantly ZkPass DOESN'T USE PLONK AT ALL. Okay it is completely not related to zkPass in any way shape or form but `untypedZkPassToken` must be doing something right? What zkProof is this contract being used to verify? Prepare yourself for this, you are not ready for how amazing and advanced this is, and how valuable to the ecosystem it is: This is used to verify a zk proof that the number 5 is indeed the number 5. Sorry what? Yes, that is correct. It verify the identity function! This has nothing to do with zkPass or oracles at all. It verifies that if you have a function f(x) = x ie. that takes whatever you give it and gives it back to you without doing anything at all, then if you give it a number you will get that same number. Revolutionary! 250,000 Ada collected for a smart contract that verifies that 5 is equal to 5. Great work from the zkFold team! Okay, okay what about the final output that was promised the JS/TS library for interacting with zkPass JS-SDK. Surely this at-least is something remotely relevant to the proposal or at-least something that does something useful at all right? Unfortunately, no. Here is the link they provided for that output: Finalized JS/TS library: github.com/zkFold/zkpass-… Well what does this do? It is the exact same game that lets you answer questions about what the capital of each country is. Compare it to the repository that was submitted for the other output: github.com/zkFold/capital… You will notice they are exactly the same, except zk-pass-client has one additional commit from the CTO of ZkFold. What does that commit do? Nothing. Since it is the same code as the client code, does that mean it is a fork of the client code? No, instead of forking it, they downloaded the client code and manually pushed it into a new repository. This is a common trick that is used by developers to hide the fact that a project is a direct clone of another project. TLDR what do we have for 250,000 ada: 1. A guessing game 2. A smart contract that is used to verify the proof that 5 is equal to 5. 3. The same guessing game from output one, but in disguise. What does this show? This shows the ZkFold team does not care about actually delivering anything at all. They care about collecting catalyst milestones, and use their position as developers to lie about what work they have delivered in order to collect milestone payments and then let the project die slowly. Maybe they are still working on it? There has not been a single commit in 8 months. Did this project have anything to do with zkPass? No. Did it result in us being able to consume zkPass oracle data? No. Did it produce anything even remotely useful to anyone? No. Did anyone ever use any of this? No. This is fraud. I urge the catalyst team to review this evidence and draw their own conclusions on the above. I also urge all community members to review the above and see if you believe that zkFold is actually making any honest effort at all to deliver a zk rollup L2, or if they are repeating what they have done above, publishing vaporware crap code that does nothing to github repositories and marketing it "super advanced zero-knowledge proofs" to non-technical reviewers to collect milestone payments.