Cardano's $46.8M Treasury Vote Is Failing — Hoskinson Warns Scientists Will Walk!

Input Output's $46.8 million treasury funding request for Cardano's 2026 development cycle is on the verge of collapse, with nearly every major proposal trailing the required 67% DRep ratification threshold as the May 24 deadline closes in. The largest line item — a 62.1 million ADA maintenance initiative covering bug fixes, disaster recovery, and mainnet monitoring — sits at just 46.58% approval, while a Layer 2 scalability proposal including the Midgard optimistic rollup is polling at a dismal 16.08%.

Founder Charles Hoskinson issued a stark warning: if the research funding proposal fails, Cardano will lose its scientists and its flagship research laboratory will be forced to close. The IO Research proposal, seeking roughly 33 million ADA (~$8M) to preserve Cardano's peer-reviewed academic approach, has secured only 13% support ahead of its June 8 close.