Hoskinson: Input Output no be Cardano first again

According to Charles Hoskinson, Input Output no dey treat Cardano again as automatic first and permanent home for im commercial products. The Cardano founder talk say dem don choose multichain approach, where ventures go deploy for the networks wey fit their requirements pass instead of to commit to only one ecosystem.

Input Output Dey Choose Networks by Product Fit

“We no dey operate under deploy on Cardano first and forever mindset again,” Hoskinson talk.

E describe Input Output as venture studio wey dey develop businesses across Cardano, Midnight and other networks. E explain say deployment decisions go follow the technology and commercial conditions wey each product need.

Hoskinson link this flexibility to the way dem reject treasury funding for individual commercial initiatives. E talk say dem offer the community chance to participate for their success, but if ventures continue without that financing, dem go keep control over where dem go operate.

Cardano still be im preferred technical choice for some Bitcoin DeFi applications because of the relationship between the two networks’ UTxO architectures. E still talk say other products fit require different infrastructure.

Pogun and the Proposed Cardano Treasury Return

Pogun be clear example. The project dey develop credit infrastructure wey go allow users to borrow against BTC through direct agreements with lenders. Im Bitcoin collateral service still dey develop.

Im original proposal request 12.29 million ADA from the Cardano treasury to develop credit market, yield application and Bitcoin bridge. E propose to return 20% of earnings to the treasury until full repayment, and after that, to contribute 5% forever on Cardano-related products.

Hoskinson talk say the rejection no stop development. E don already discuss the proposed financial relationship since June, describe am as commercial agreement and no be prerequisite to build the product.

Cardano Activity Without Commercial Exclusivity

Hoskinson clearly reject the interpretation say e don give up on Cardano. E talk say e still be one of the largest ADA holders and e describe the network as independent from im founder, with other organizations wey don take development and governance responsibilities.

E still talk say Leios still dey on schedule and e expect Pogun to launch within the next 90 days, but e no specify whether that timeframe cover every component.

Under the arrangement wey Hoskinson describe, Cardano go still collect transaction fees from Pogun activity for the network and fit attract more liquidity and volume. But the treasury no go receive the proposed share of business earnings, and Pogun go still free to direct activity go other competing networks.