The Cardano Foundation has addressed the mounting concerns and criticism over its role within the blockchain network’s ecosystem. Over the past weeks, the Foundation has faced increased criticism for alleged internal conflicts and claims of sidelining key contributors, including Cardano’s founder, Charles Hoskinson.
Concerns also emerged regarding its role in Catalyst Fund 13, where it participated as a Delegated Representative (DRep) with 180 million ADA tokens. However, the Foundation clarified its stance by publishing an official blog post and a detailed FAQ on the Cardano forum on Dec. 16. The Foundation reaffirmed its active participation in Project Catalyst since 2021, emphasizing its commitment to advancing decentralization, governance, and sustainability across the network.
For Funds 12 and 13, the Foundation explained that its voting decisions focused on supporting projects that align with these priorities. It stated: “With our vote, we wanted to double down on the topics of long-term sustainability, decentralization and governance for Cardano. These principles are exemplified by the projects we chose to support.”
Highlighting voter participation challenges, the Foundation pointed to the low engagement levels in Catalyst.
Out of 35 billion ADA in circulation, only 4.8 billion ADA were registered to vote, with many participants not actively voting on all proposals. The Foundation’s 180 million ADA stake represents about 3.75% of registered voting power but only 0.5% of the total circulating supply. The Foundation committed to improving transparency for future rounds, promising more precise criteria for its voting process and ADA allocations.
It encouraged other large stakeholders to adopt similar practices to ensure balanced decision-making. Additionally, the Foundation plans to publish a technical blog explaining its voting process using community tools. Addressing the relationship with Hoskinson and Cardano Constitution, the Foundation responded to concerns regarding its alignment with Input Output Global (IOG) and its stance on the Cardano Constitution.
While acknowledging IOG’s contributions under Hoskinson’s leadership, the Foundation emphasized its unwavering support for the Constitution and broader ecosystem goals.
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