Cardano Catalyst Being Heavily Manipulated, Here's How.
Cardano Catalyst, the governance initiative
that lets users fund developer proposals, is facing some
serious manipulation issuesThe platform aims to improve
the Cardano network by allowing users to vote on proposals
that promise to create more use- cases and enhance the
ecosystem. Unfortunately, not everyone uses it in the
intended way.
Let's dive into a glaring example. Imagine a proposer submitting 29 different proposals, each under $1 million, for a combined total of $11.5 million. That's a whopping 23% of all funds allocated for Fund 10 (F10).
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