MrEdgarcros
06/22 08:13
Strike Finance is requesting 9,000,000 ADA from the Cardano Treasury for 12 months to provide USDM liquidity and expand its perpetual futures market.
🔹 9 million ADA would be sold for USDM
🔹 The funds would be deployed into Strike Finance V2
🔹 Estimated annual return is approximately 10%
🔹 Returns are not guaranteed
🔹 The Treasury would assume USDM, smart contract, custody, and market risks
🔹 If ADA rises significantly, this strategy could strongly underperform simply holding ADA
What this means
Cardano would effectively sell part of its Treasury ADA and assume financial risk to increase liquidity for one DeFi protocol.
In my view, this does not currently make strategic sense for Cardano’s development. Treasury funds should prioritize core infrastructure, developers, scalability, integrations, security, and real user adoption—not subsidizing liquidity for a single trading platform.
Conclusion
My vote as a Cardano DRep is NO.
The risks to the Treasury are too high, while the long-term value for the broader Cardano ecosystem has not been sufficiently demonstrated.
My DRep: MREDGARCROSS
DRep ID: drep1y269ehxj30k4vfzfc2z84v0xykd3amuy2xn0kv9zf8rhcec2fg2jr
Source: GovTool — Strike Finance Liquidity Deployment
#Cardano #ADA #CardanoGovernance #DRep #StrikeFinance #DeFi #USDM
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📌 Note: This post is for informational and analytical purposes only. It is not financial or investment advice.
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