Cardano’s delegated representatives (DReps) voted down a request to withdraw 12.29 million ADA from the community treasury to fund Input Output’s Pogun Bitcoin DeFi product. The vote recorded 35.67% in favor against 64.33% opposed, while the Constitutional Committee had cleared the proposal unanimously. Charles Hoskinson responded by stating that Input Output would now choose whichever network best serves each product instead of applying automatic Cardano priority. Pogun will still launch within 90 days, but Input Output has not disclosed which chain will host it, leaving open the possibility that another ecosystem captures the revenue share Cardano just forfeited.
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