The Leios roadmap to solving the blockchain trilemma
Leios is moving from research to testnet – taking the first steps to scaling Cardano’s L1. Decoupling transaction diffusion from sequencing builds the foundation for later integration of advanced scaling techniques such as SNARKs, data availability sampling, and UTXO sharding.
Learn more about the Leios roadmap:
https://t.co/hegog9z4KC
Great Cardano SPO Call today - Notes for June 4th
1. Van Rossem Hard Fork Preparations
- Things are looking GREEN for the hard fork
- node 11.0.1: SPOs need to upgrade now
- Pre-view cost model has worked, Pre-prod in progress
- Plutus Cost model is on main net: DReps and CC need to vote
- 72% of blocks on main net are now protocol v11
- Ogmios and Kupo are hard fork ready
- Hard fork proposal will go on main net after Pre-prod completes successfully
- Go / No Go in on June 15th
2. Ouroboros Leois
- DevNet is generating a large amount of simulated traffic for testing
- Working on improving the mempool to increase throughput
- @SundaeSwap is helping put transaction load on the DevNet
- High confidence track to deploy Leios to main net eventually, still working on establishing high criteria in security and liveness in preparation for main net.
- Need early involvement from community on TSC, Civics committees etc… alignment for eventual main net. Date TBD.
- Will take some time to get production ready for mainnet as it is a major protocol upgrade.
- Public SPO testnet will launch the last week of June
3. Ensurable Systems Intro @ensurablesys
Kevin Hammond - CEO
Phillip Kant, Tim Richmond, Duncan Couttes on the team
Supporting IO core development of the Cardano protocol, partner chains, security, stability, and growth.
Ouroboros Tachys, STAG Red Team.
4. Mithril - Terragone Factory @TeragoneFactory has been involved from the beginning and is still advancing the Mithril protocol as an IO partner.
Further developing SPO set up for Mithril providing Cardano state.
Working toward availability with IPFS.
Setting up an X space to discuss the future vision of Mithril TPD announced later today.
5. Post Quantum from IOR proposal is part of the IO Research. DReps sure to vote to get this approved.
CIP-50 and other ballots are on Ekklesia:
CIP-163 Time bound delegation discussion
CIP-23 Min margin: setting an initial value
SPO voting with Calidus Keys + DRep voting is in progress.
We are happy to announce a Cardano x Draper Dragon x Bitcoin side event to Token2049.
Funded by Cardano Foundation and Draper Dragon.
We look forward to sharing more details soon.
Thanks for the X space Draper @OrionFund team!
Is Cardano Doomed?
If you’ve been on Cardano X lately, you’d probably think the ecosystem is falling apart.
Governance drama, constant fighting, and endless negativity.
But Cardano is actually far from doomed!
Let’s talk about everything that's happening right now 👇
After reflecting deeply on this governance process, a few things are clearer to me than ever.
Cardano is alive. The community is engaged. And that matters more than any single vote.
But this process has shown me something important: Cardano's governance is real. You are not passive holders. You are owners. That is exactly what we built this for.
It has also reminded me that when Cardano has needed it most, the Pentad delivered. IOG, EMURGO, the Cardano Foundation, Midnight Foundation, and Intersect have proven they can coordinate and bring critical integrations to life when the ecosystem needed it. That coordination layer matters now more than ever.
So let me show up the way I should.
I will be in Singapore for the Cardano Summit and I will be on stage. I am also personally committing to partially top up our Token2049 sponsorship to Title level. Being on that main stage is where Cardano and Midnight need to be heard.
To the Pentad, I am inviting all of you to sit down and have a real conversation about the future of governance and how we formalise this coordination going forward.
I am 100% focused on Cardano and Midnight. Always have been. Let me prove it. #strongertogether
Midnight 🤝 Monument Bank
Monument is set to become the first UK-regulated bank to tokenize retail customer deposits on a public blockchain — representing interest-bearing savings as digital tokens while remaining fully backed, redeemable in GBP, and protected under existing regulatory frameworks.
Built on Midnight’s privacy-enhancing blockchain infrastructure, this approach ensures that transaction data remains shielded and accessible only to authorized participants — enabling the use of blockchain technology while maintaining the confidentiality and compliance required in regulated financial services.
The initiative begins with a target of £250 million in tokenized deposits and represents the first phase in a broader rollout to expand access to tokenized financial products. Over time, this includes enabling exposure to asset classes such as private equity and structured products, and introducing more flexible lending models — capabilities historically reserved for institutional and private banking clients.
Together, this partnership demonstrates how regulated financial institutions can bring traditional financial products on-chain — unlocking a more flexible, accessible, and programmable financial system without compromising privacy or regulatory standards.
Bitcoin and Cardano are now united by Charms. 🟠🤝🔵
We sent eBTC and BRO to Cardano.
We sent ADA, SNEK, and USDM to Bitcoin.
We unlocked cross-compatible Rust+WASM dapps for both chains.
The Universal App Protocol for UTXO, powered by zkVM.💎
Megathread; w/ receipts 🧵👇
This is the bull case for Bitcoin by the way.
If Bitcoin sweeps the low, the pattern would look a lot like prior patterns by GOOG and NVDA.
I would assume that the rally would not result in a new all time high, but a macro lower high, before going to the 200W SMA.
Today, NYSE is proud to announce the development of a platform for trading and on-chain settlement of tokenized securities.
NYSE’s new digital platform will enable tokenized trading experiences, including 24/7 operations, instant settlement, orders sized in dollar amounts, and stablecoin-based funding. Its design combines the NYSE’s cutting-edge Pillar matching engine with blockchain-based post-trade systems.
Learn more: https://t.co/gknK3viIyp
After reviewing the Senate Banking draft text over the last 48hrs, Coinbase unfortunately can’t support the bill as written.
There are too many issues, including:
- A defacto ban on tokenized equities
- DeFi prohibitions, giving the government unlimited access to your financial records and removing your right to privacy
- Erosion of the CFTC’s authority, stifling innovation and making it subservient to the SEC
- Draft amendments that would kill rewards on stablecoins, allowing banks to ban their competition
We appreciate all the hard work by members of the Senate to reach a bi-partisan outcome, but this version would be materially worse than the current status quo. We’d rather have no bill than a bad bill. Hopefully we can all get to a better draft.
We'll keep fighting for all Americans and for economic freedom. Crypto needs to be treated on a level playing field with the rest of financial services so we can build this industry in a safe and trusted way in America.
After months of hard work, we have bipartisan text ready for Thursday’s markup. I urge my Democrat colleagues: don’t retreat from our progress. The Digital Asset Market Clarity Act will provide the clarity needed to keep innovation in the U.S. & protect consumers. Let’s do this!