DD2 retweeted
In case there was ever any doubt.
"The Division is of the view that Canton Coin is a
“digital commodity”..."
DD2 retweeted
teapawt.net/i/spaces/1aKbdEjojavJX
Meeting with @dschamis , CEO of $PURR, the largest $HYPE treausry next Friday at 1PM ET!
DD2 retweeted
Canton leads the rankings for tokenized assets.
Per @RWA_xyz data, the RWA value on Canton is more than seven times the next four chains combined.
Top 5 chains by represented RWA value
1. @CantonNetwork $328.2B
2. @provenancefdn $25.7B
3. @avax $11.0B
4. @XRPLF $4.7B
5. @zksync $1.7B
Data: @RWA_xyz
DD2 retweeted
Cardano’s current spending problem goes beyond the $1B+ TREASURY. Let me explain:
People buy $ADA with money they worked for.
Founding entities received large $ADA allocations at launch. Those holdings can generate staking rewards, which can be sold to pay salaries and fund operations.
Where does the cash come from? The people buying $ADA.
These organizations can sell their rewards without reducing their original $ADA holdings. That gives them an ongoing source of funding without asking holders to approve their spending.
Buying $ADA does not mean endorsing an organization’s salaries, priorities, or results. But buyers’ cash can fund those things anyway.
This is why accountability matters beyond treasury votes. Organizations can keep funding themselves while ordinary holders lose money, even without direct treasury funding.
Are these organizations bringing in enough new users, capital, and commercial activity to justify their costs? That is the question ADA holders should be asking.
If not, spending needs to shift toward teams and initiatives that can bring users and capital to Cardano. This is what dReps should prioritize.
Infrastructure spending needs to serve demonstrated commercial demand. In 2027, attracting users, capital, and revenue should take priority over building more infrastructure without a clear path to adoption.
Large founding-entity holdings can already generate staking rewards that can be sold to fund operations. Those sales add selling pressure. ADA holders deserve transparency about how much is sold, what it funds, and what results it delivers.
Treasury spending should prioritize initiatives that grow demand for $ADA, attract users, and build successful businesses. Founding entities should not receive more funding simply because they have the relationships to secure it.
Founding-entity employees should not control treasury decisions that could benefit their own organizations. Conflicts should be disclosed, and those employees should recuse themselves from those decisions.
The treasury belongs to $ADA holders and should be used for their benefit. Its purpose should be to improve their future, not guarantee anyone’s payroll.
@IntersectMBO
One of the core issues is that setting a budget and spending priorities is an executive function.
Virtually everyone agreed that Cardano needed to cut infrastructure spending and instead spend on adoption and commercial growth. This is what is best for ADA holders. I thought dReps were supposed to vote for what was best for ADA holders, but this is not how they voted.
When the founding entities put proposals together, they put their own wants and needs ahead of ADA holders...their proposals are very thorough, because collectively they have 100s of employees that ADA holders already pay for. They are completely focused on their own initiatives, and receiving funding from the treasury. There is no representation for the business needs of ADA holders and for-profit builders. There are no incentives for the founding entities to produce value for ADA holders...they get paid either way.
Builders like CSWAP do not have employees that are paid for by the treasury to work on proposals. All of our efforts have gone in to trying to help users, community members, and ADA holders. We spent 100s of hours on processes that were unilaterally cancelled by the founding entities without DREP involvement.
Catalyst was cut. DeFi Liquidity was cut. Spending in these areas had already been approved by DReps.
We now have Draper and Alpha Growth, and I have high hopes for both initiatives. I believe both entities can add value to Cardano, but my concern has more to do with the politics around these vendors....making their jobs more difficult, by feeling like they have to please everyone.
Adding third party vendors with large budgets also comes with overhead. I'm not necessarily talking about cost, I'm talking about additional political friction, and process that costs everyone. Teams like mine have to absorb these costs, even though we have no direct treasury funding.
As a builder, I can tell you that this past year has been really bad. Not only could we not access or compete for resources that we can immediately put to use to benefit ADA holders; governance in general has consumed the time, energy, and focus of many of Cardano's most important KOLs. This was a double whammy.
IN other ecosystems important KOLs are engaged with the ecosystem and innovative builders that can help grow commercial metrics.
All of our capital is tied up in this bureaucratic process. Our competitors...their capital is being put to work with innovative builders that improve the L1 base currency's economics. This has got to change.
Cardano needs to leverage the governance infrastructure to get funds to the right places in an expedient manner, or Cardano will continue to lose ground.
The founding entities are focused on their own initiatives and philosophies, and not what is best for ADA holders or Cardano's for-profit users and builders. This is a serious problem.
I'm not arguing that the things the founding entities prioritize have no merit, but I don't believe they are aligned with what ADA holders actually want. When dReps act contrary to what ADA holders actually want (to make money), this hurts Cardano.
Even looking at the spending buckets, the priorities are again completely out of whack. This can not continue like this.....
It's hard for many to believe that I'm being objective with these criticisms....because I'm a commercial builder. This is why we need business-minded third parties to come in and help Cardano prioritize spending.
If Cardano continues down this path, it's hard to see how it succeeds. The chain needs new business-minded leadership...the status quo is not working. The spending has been completely irrational from the most basic common-sense business perspective.
dReps can not allow this to continue. If it does, its hard to justify building anything on Cardano. I'm very serious.
Founding entity employees can be valued and respected, without being trusted to guide spending moving forward. This can not continue on like this.
DD2 retweeted
Bringing Bitcoin TVL to Cardano is a major opportunity to attract new capital and grow the ecosystem. @btc_karma is building toward that opportunity.
The next step is making Bitcoin productive in DeFi. Our goal is to give BTC holders access to strategies that generate returns paid in BTC or USDCx.
Our planned Phase 2 model uses BTC as collateral to borrow stablecoins on Cardano, while the Bitcoin remains on the Bitcoin network. We’re exploring USDCx interoperability and @Circle’s CCTP infrastructure to access yield strategies across supported chains, with financing and repayment managed on Cardano.
$KARMA connects both phases: rewarding users for committing Bitcoin to the ecosystem today and unlocking access to higher-yield opportunities planned for Phase 2.
We’re in late-stage discussions with potential institutional partners about funding, liquidity, and integrations. Our next development milestone is a controlled pilot demonstrating the full journey from BTC collateral through yield generation and repayment.
You can support that work by trying Phase 1 today:
staking.btckarma.io
Stake native BTC, earn $KARMA, and help grow Cardano’s Bitcoin ecosystem.
BTC Karma charges no staking fees. You only pay Bitcoin network transaction fees. There’s no bridging or wrapping: your BTC stays on Bitcoin and is temporarily locked through a Bitcoin script. You can unlock at any time. This functionality is battle tested and has been live for months.
Due to the abrupt cancellation of Catalyst fund 15, we funded the initial build ourselves. Phase 1 has not yet undergone an independent audit, and we’re seeking partner backing to support the next stage, including independent security review. Please understand the locking conditions before participating. Starting with a small amount is reasonable. docs.btckarma.io
We’ve built a smooth staking experience and would welcome your feedback and participation. We’re also exploring a future community airdrop, but we'd really like to see broader community support first.
We currently have 40 people staking, but we would like to see more.
If you believe Bitcoin inflows can help grow Cardano, we’d appreciate you trying BTC Karma and sharing it with others. Thanks.🙏
DD2 retweeted
During @RareEvo 2026 I had the pleasure to spend a lot of time chatting with @CSWAP_Destroy about what we need to do on @Cardano to make things better. One thing he said has stuck with me since then… Everything, ultimately, must answer the question: what is best for Cardano holders?
DD2 retweeted
DReps, as a VB with Cardano products, we strongly prefer independent professionals designing future budgets.
@BCG @Deloitte, let’s bring in experienced consultants with disclosed conflicts, measurable targets, and accountability to $ADA holders. Spending with positive ROI only.
Cardano’s next budget cycle: how can we improve coordination and help DReps assess funding proposals?
We’re sharing a proposed Cardano Ecosystem Budget Process for 2027 and inviting your feedback.
Read the proposal: intersectmbo.org/news/a-more…
Join the discussion: dreptalk.com/t/a-more-strate…
Putting real assets onchain is huge
Making them easy to buy AND sell?
That’s the real breakthrough
And that’s exactly what Ebecca is building
DD2 retweeted
If you aren't following this account now would be your time to do so @TMO_RH if you thought a little WL event is all that we're going to be doing...you're sadly mistaken.
DD2 retweeted
A culmination of five years of blood, sweat, and tears.
Ebecca is coming to @solana, built by the team you know and love.
Watch this. Then follow @ebecca_rwa for the whitelist.
Will you come with us to the promised land?
DD2 retweeted
Just going to put this out there nice and early: There is no token associated with @questsdotfun.
This is NOT a token launchpad.
It's a first of its kind product, and it's coming to @RobinhoodCrypto.
Soon, you'll understand exactly what we've been building.
