Input Output (IO), the engineering organization behind Cardano, submitted nine treasury funding proposals on Wednesday totaling $38.9 million, nearly 50% less than the $97.5 million it requested from the community last year.
Key Takeaways:
Input Output submitted 9 Cardano treasury proposals totaling $38.9M, nearly 50% less than its 2026 ask. The Leios upgrade targets 1,000+ TPS and is scheduled to hit the Cardano mainnet by the end of 2026. DReps have until May 24, 2026, to vote on all proposals through Intersect’s governance platform. Input Output Cuts Cardano Treasury Ask to $38.9M for 2026, Down Nearly 50% From Last YearJeff Watson, Head of Technology at Cardano Business Unit at IO, explained that the proposals connect directly to ecosystem growth and that IO is positioned to move quickly on delivery.
“IO is perfectly placed to adapt quickly, increasing the utility and experience across the ecosystem, and we feel that these proposals relate directly to growth for the community,” Watson detailed.
IO published its reasoning for what did not make the cut alongside what did. The organization framed that transparency as a condition of fiscal responsibility, given that treasury funds belong to the Cardano community.
