Yoroi Wallet DRep has voted "YES" on the ₳5M Loan for Cardano’s Global Listing Expansion – Powered by SNEK proposal.
We support this as it sets a new standard for accountability in Treasury use, introducing the first loan-based request with repayment terms.
SNEK has a strong record of execution having already invested its own funds to secure T1 listings, and more. This also further benefits the ecosystem by expanding ADA liquidity, strengthening Cardano’s global presence, and establishing frameworks that future CNTs can follow.
For the next Treasury Withdrawal action, we expect a detailed repayment plan and clear success metrics.
Read the full rationale here: https://t.co/Fnb8Y6ILNj
✅ We voted YES on the governance action: ₳5M Loan for Cardano’s Global Listing Expansion – Powered by SNEK.
This proposal introduces an innovative loan-based Treasury model with repayment, promoting sustainability by recycling funds back into the ecosystem.
@snek has already self-funded Tier 1 listings (Kraken, https://t.co/UePvlVIUej, KuCoin), demonstrating execution capacity. With a strong advisory board, this proposal aligns with Cardano’s broader goals of expanding global visibility and liquidity.
We support this as a step toward market growth, accountability, and governance maturity. For the next Treasury Withdrawal governance action, we encourage inclusion of a detailed repayment plan and clear success metrics to ensure accountability and measurable ecosystem impact.
🔗 Link to proposal:
https://t.co/xClscXlcIJ
🗳️ Transaction: https://t.co/4PDRuPThGq
I tried to explain and presented a lot of data, but I found that whenever it came to real facts and figures, he just avoided the discussion. He said a lot, making himself sound logical and professional, but he always avoid the key points or chose the wrong data. The more he spoke, the more it revealed how little he actually understood about how the ecosystem works. So I realized I shouldn’t keep engaging with him, because you can’t wake someone who is pretending to sleep. The fact that such a lack knowledge person can become a top 10 dRep makes me worried about the future of $ADA. Hopefully he can take some DeFi courses to understand why market makers, trading volume, and liquidity are so important and why CEX Listing can enhance all of these on chain statistics. $SNEK fam, Let’s calm down and just keep focusing on our own bag and marketing outside the bubble. We will see.🐍🐍🐍
“I hope it becomes a successful memecoin” - What?
“Instead of the SNEK team answering or providing feedback on the rationales that DReps provided, we only see comments about the credibility or expertise of DReps” - What?
Now you’ve come too far. We’ve been nothing but open minded and answered every question multiple times. I personally replied to at least 10 of your posts. We went on 2 X spaces to discuss the proposal and answer community questions. We constantly answer to the community and explain our stance, and will continue to do so until the vote is complete. We already changed our proposal from a grant to a loan after a first round of DReps feedback.
The fact that you keep saying we don’t answer to DRep rationales is a total lie. I don’t know why but you seem to have picked this proposal as your personal fight. Maybe you’re doing it for the clout and engagement at this point, which I’m not helping by replying here, but I can’t let you spread lies. We both said our arguments, let see what the vote is.
By the way, $SNEK IS a successful memecoin. In fact it’s the most successful coin Cardano has ever had.
This guys thinks that cnts will do well without listing on t1 cexes. or even worst he thinks it's better to stay on dex. unfortunatly this is not how it works. leave him @goofy_crisp . for me it's stupid cardano and snek hater who is stoping progress of this chain
Sure, spend on calendar and parties 👌🏻
“Try to understand that getting 5M ADA ($4.4M) from Treasury can't be easy and based on just "trust me, bro"
Respectfully, yet we freely gave 1mil for a calendar, 6mil for a party, and countless for projects that either rugged or soft rugged in the end.
Did we ever ask how the 6mil party will be paid back? Oh yea they don’t have to, they didn’t ask for a loan but that’s fine because they are founding entities and not some “random memecoins” with the highest market cap on Cardano.
Maybe we should have invested less useless projects and more in ones with the highest market cap and proven reputation🤷🏼♂️ anyway, I am fine with Yoda voting No on this one, I saw that coming since day 1, based on him how he always claims snek is just a random memecoin. I don’t believe it was the right vote, but I respect it (the whole point of decentralized governance anyway).