ESCO Dey Urge Cardano Make Dem Put Stablecoins First

A Dispute Over DeFi Funding

Di conversation start with disagreement about DeFi and supply chain projects. One speaker talk say DeFi don receive plenty support but e never produce enough in return. ESCO challenge di comparison, e talk say money wey Cardano treasury or Catalyst allocate suppose dey different from funds wey DeFi teams raise by demselves.

For him view, direct ecosystem support for DeFi and marketing only recently turn serious focus. E point to di 50 million ADA stablecoin liquidity initiative and Cardano PRIME with AlphaGrowth as two important efforts. E still ask whether di community get enough reporting to assess how di liquidity initiative dey perform.

Other speakers disagree with him account of past funding. Dem note say di categories dey overlap: agricultural project fit use stablecoins to pay farmers or provide financing. Di disagreement show bigger question for Cardano next budget: wetin dem don already fund, and wetin measurable results e deliver?

The Reason Users Stay

ESCO main point na about incentives. E ask whether Cardano stablecoin liquidity deep enough for bigger transactions without heavy price impact. E then ask why e go hold dollar assets for Cardano if return no competitive when e fit find yield elsewhere. E give example of 3.5% for another network wey dey available to am.

Him criticism focus on di practical conditions around stablecoins. To get dollar asset for di network na only part of di equation. Users still need liquidity, useful ways to move between assets and financial reason to remain. ESCO talk say loyalty to Cardano no fit replace those incentives.

E welcome AlphaGrowth involvement for Cardano PRIME, describe di team as specialists for liquidity and financial products. E support make dem direct more effort to di gaps wey dem don identify for Cardano financial infrastructure. To strengthen those tools, e talk say, fit help many applications at once.

Needs Before Wants

ESCO connect di stablecoin matter to treasury spending. E talk say Cardano sometimes don put wetin people want to build before dem agree on wetin di ecosystem urgently need.

To emphasize di point, e talk say if na him decision, e go direct next period entire treasury spending capacity toward one stablecoin partnership wey get competitive yield opportunities. Na hypothetical statement, no be formal funding proposal. Him bigger request na for clearer priorities and allocations, followed by reporting wey go show whether funded work achieve him goals.

Di same standard shape him reaction to di FC Barcelona and Andamio pilot wey dem discuss during di Space. ESCO first question wetin e go return for Cardano. After e hear how e work, e acknowledge one key advantage: di product dey introduced to one club wey already get audience. Dat one give am clearer path to adoption pass pilot wey first need build product before e go find users.

Him message to Cardano builders follow di same logic. Start with di problem wey di product dey solve, di people wey go use am and di business case behind am. Di blockchain matter, but him name alone no go persuade customer.

For ESCO, di next DeFi push suppose dey judged by more than di number of applications wey e fund. Di real test na whether Cardano go build financial tools strong enough so that people go choose to use dem and keep their capital for di network.