Cardano community approves $71M treasury to fund major upgrades like Hydra (Layer-2 Scaling), Ouroboros Leios and Project Acropolis

The Cardano community has approved a proposal to spend $71 million from the treasury to fund network upgrades. The proposal, submitted by Input Output Global (IOG), aims to improve scalability, developer experience, and interoperability over the next 12 months.
Key projects include:

• Hydra for fast, low-cost transactions
• Ouroboros Leios a blockchain algorithm designed to increase throughput while maintaining security properties
• Project Acropolis for easier onboarding of new developers

The proposal drew concerns from the community regarding costs, transparency, and accountability. To address these concerns, IOG will publish monthly updates, engineering timesheets, and quarterly budget breakdowns. Payments will be milestone-based, with oversight via smart contracts and a dedicated committee.

Timeline and Milestones

• 12-month development plan
• Payments will be released as upgrades are delivered
• Monthly updates, engineering timesheets, and quarterly budget breakdowns will be published by IOG