Hoskinson Tok Say Pogan Na To Join Bitcoin DeFi With Cardano Treasury Dem Build Am

Charles Hoskinson talk for live X Space say Pogan, one Cardano related Bitcoin DeFi initiative, first design na to connect external Bitcoin liquidity with Cardano’s treasury strategy. According to Hoskinson, dem carry the proposal go treasury but e no pass, and that one change how the project economic connection to Cardano governance go take operate.

The comments clear one specific part of Cardano commercial roadmap. Dem describe Pogan as one structure wey suppose create yield from Bitcoin based activity, route that activity through noncustodial infrastructure and share part of the value wey come out with the Cardano ecosystem.

Pogan Dem Design Am As Bitcoin DeFi Revenue Route

Hoskinson talk say Pogan suppose create direct financial connection between Bitcoin DeFi and the Cardano treasury. For him explanation, the model go allow Bitcoin holders use products wey Bitcoin fit take do lending against stablecoin liquidity, then dem go deploy the stablecoin into yield bearing assets.

The yield wey that structure generate go convert back into Bitcoin, so users fit receive Bitcoin denominated returns. Hoskinson talk say the team don build technology to make that model work and dem see am as way to bring large amounts of Bitcoin liquidity enter noncustodial DeFi structures.

The treasury component na separate part of the design. Hoskinson talk say the plan na to share one portion of the revenue with the Cardano ecosystem, including mechanism wey fit support buying ADA and grow the ecosystem. That treasury linked proposal no pass.

Treasury Vote Change The Economic Link To Cardano

Hoskinson talk say the result of the treasury process change the relationship between Pogan Bitcoin DeFi activity and Cardano ecosystem funding. E talk say the work still dey continue, but to use those bridges no dey send value to the Cardano treasury again under the original model.

That difference define the current position of Pogan. The Bitcoin DeFi direction still dey active, but the treasury aligned revenue mechanism wey Hoskinson describe no be part of the approved funding path.

The discussion still address speculation around Strategy. Hoskinson talk say no current partnership or deal dey with Strategy, add say any Bitcoin yield product wey tie to that kind entity go need match him legal and prospectus requirements.

Pogan Still Be Part Of Wider Cardano Commercial Roadmap

Hoskinson place Pogan beside other commercial products wey dey move through Cardano related development. E talk say RealFi don spin out as foundation and e dey move close to go live, while Pogan dey behind RealFi but dem still expect am this year. E still refer to progress around Midnight and Midnight City.

That one put Pogan inside wider product strategy no be only treasury proposal. RealFi connect to real world finance infrastructure, Midnight to privacy focused infrastructure and partner chain development, and Pogan to Bitcoin DeFi connectivity.

The update leave Pogan with defined but changed role. The project Bitcoin DeFi work still dey continue, while the original plan to route part of that activity into Cardano treasury growth no pass through governance. The result separate the commercial development path from the treasury revenue model wey Hoskinson talk say dem propose.