🚨 Official Notice 🚨
Today we publicly announce we’re submitting a Cardano treasury withdrawal proposal to supply 7.5M ADA to our protocol.
The term is one year and the proposed full amount plus all yield will be returned to treasury.
Overview: 🛥️ https://t.co/pLGdqEHiRs
Cardano is Polkadot’ing hard lately.
The fact that we are giving out another 300m+ $ADA at bear market lows to many devs that will sell the $ADA for stablecoins on Ethereum is a joke. We don’t even have the stablecoin depth to keep the liquidity flowing in our ecosystem.
1) Give out more $ADA grants
2) Grants lead to sell pressure of that $ADA
3) Swap that $ADA for stables on Ethereum
4) Rinse and repeat the next year
We were told the gov proposals of 2025 and 2024 were the magic bullets Cardano needed, yet the last 24 hours of dex volume in our ecosystem barely touched $700,000 USD.
The system needs to be fixed, otherwise we will struggle to maintain $0.30c the next time $BTC rallies to $100k and more and more people will leave.
I am very passionate about Cardano, which is why I share this. $ADA will continue to bleed until changes are made.
I agree that we need to spend and fund our talented devs to grow, it is necessary long-term and there are many great devs in Cardano that deserve funding, but an NCL of 350m $ADA at bear market lows when our yearly chain revenue is 700x smaller than that is simply insane.
dReps, your move.
Huge update. @snekdotfun APIs are now public.
Snekfun was never just a launchpad, it's the infrastructure layer and standard for cardano token launches.
here's what's live:
⚡ Guides for traders and creators
📄 Full documentation
🔗 complete API reference (analytics, token creation, trading, vesting, balances, charts WS server, etc.)
What does that mean?
You can now build entire apps on top of snekfun. Integrate our trading directly into your product. Launch tokens programmatically. Pull live charts and balances. Construct and submit transactions. The whole stack is open.
The horizon just got a lot wider.
Effective immediately, we're excited to announce the Strike Liquidity Program, where we'll be covering 100% of any potential losses supplied to the Strike Liquidity Provider (SLP) Vault for the next 3 months.
Full details below 👇
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 🧵👇