"Input Output's treasury ask for 2026 has been cut to $38.9 million, nearly 50% less than last year's request, as part of a strategy to achieve self-sufficiency. The organization plans to reduce its treasury ask each year until it can independently fund its operations."
"The Leios upgrade is a significant technical initiative aimed at increasing Cardano's Layer 1 throughput by 10 to 65 times, with a target of over 1,000 transactions per second. The testnet is scheduled for release in June 2026, with the mainnet expected by the end of the year."
"In addition to the Leios upgrade, Input Output is backing Pogun, a Bitcoin DeFi engine for Cardano that will include a non-margin credit market and a trust-minimized Bitcoin bridge, with the credit market set to launch on the mainnet in Q2 2026."
Input Output has submitted nine treasury proposals for Cardano totaling $38.9 million, a significant reduction from its previous ask. The organization aims for self-sufficiency by decreasing its treasury request annually. The proposals prioritize decentralization and scalability, with the Leios upgrade targeting over 1,000 transactions per second. DReps have until May 24, 2026, to vote on these proposals. Other initiatives include UTXO HD for node optimization and support for Bitcoin DeFi through Pogun, with various protocol upgrades also planned.
Read at news.bitcoin.com
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