The Cardano ecosystem has sanctioned a substantial $70 million grant to Input Output Engineering (IOE) for core network improvements following a decisive community vote. Valued at approximately 96 million ADA, the funding allocation received nearly 74% approval from participating stakeholders.
This injection of capital will support IOE’s roadmap of technical upgrades, including enhancements to the Ouroboros Leios consensus mechanism, Hydra scaling solutions, Mithril cryptographic protocols, Nested Transactions functionality, and Project Acropolis infrastructure development.
Funds will be disbursed in milestone-based phases to maintain expenditure transparency and ensure alignment with project deliverables. Ricky Rand, General Manager at IOE, acknowledged the grant as both a community endorsement of Cardano’s trajectory and a pioneering model for decentralized resource allocation.
The approval coincides with ongoing ecosystem funding debates, including separate proposals from projects like Snek, which underscore broader discussions about sustainable support mechanisms for Cardano’s decentralized infrastructure.