The Cardano Foundation has addressed the mounting concerns and criticism over its role within the blockchain network’s ecosystem.
Over the past weeks, the Foundation has faced increased criticism for alleged internal conflicts and claims of sidelining key contributors, including Cardano’s founder, Charles Hoskinson.
There were also concerns about its participation in Catalyst Fund 13 as a Delegated Represent (DRep), where it held 180 million ADA Tokens.
On Dec. 16, the Foundation published an official post on its blog as well as a FAQ that was detailed on the Cardano forums.
Cardano Foundation & Project Catalyst
The Foundation has reaffirmed their active participation in Project Catalyst, since 2021. They have also emphasized that they are committed to decentralization and governance as well as sustainability throughout the network.
In Funds 12 & 13, it explained that the Foundation’s voting decisions were based on projects aligned to these priorities. It said:
“With our vote, we wanted to double down on the topics of long-term sustainability, decentralization and governance for Cardano. These principles are exemplified by the projects we chose to support.”
The Foundation cited low levels of engagement in Catalyst as a way to highlight voter participation issues. Only 4.8 billion ADA of the 35 billion ADA that were in circulation had been registered for voting, and many people did not vote on every proposal. The Foundation’s 180 million ADA stake represents about 3.75% of registered voting power but only 0.5% of the total circulating supply.
The Foundation has committed to increasing transparency and ensuring more accurate criteria in its voting system, as well as ADA allocations. It encouraged others to use similar methods to make balanced decisions.
In addition, the Foundation intends to release a technical weblog explaining how it uses community tools for voting.
Attention to the Hoskinson-Cardano relationship
This Foundation has also answered concerns over its alignment with Input Output Global, and on its stand regarding the Cardano Constitution.
While acknowledging IOG’s contributions under Hoskinson’s leadership, the Foundation emphasized its unwavering support for the Constitution and broader ecosystem goals. It said:
“[IOG and Hoskinson’s] work and vision for Cardano is the very reason many of us are in this space. We are sometimes frustrated by their actions and choices. But given the complexity of making Cardano a long-term success, it is to be expected that we will disagree on how this could be accomplished.”
This response comes as Hoskinson recently questioned the Foundation’s alignment with Cardano’s vision. The blockchain network founder had also raised concerns about the Foundation’s activities, including approval of the network’s budget.
However, the Foundation clarified that any budget endorsement would be contingent on its alignment with Cardano’s long-term objectives and specific content.
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