Prominent Cardano Chris O warned that he could leave the network if Input Output Global’s research proposal fails to pass.
The Cardano community has faced rising tensions in recent weeks after IOG submitted a research proposal requesting nearly 33 million $ADA. The proposal seeks funding for multiple initiatives, including Leios-related development and research to strengthen Cardano’s defenses against future quantum threats.
As several major DReps continue to oppose the proposal, Chris O, a leading Cardano DRep and Midnight Ambassador, stated on X that he has mentally prepared himself to sell his $ADA and exit the ecosystem entirely if the proposal fails.
Key Points
- Cardano DRep Chris O warned he may exit the ecosystem and liquidate his $ADA holdings if IOG’s research funding proposal is rejected.
- His comments came in direct response to fellow DRep YUTA’s decision to abstain from voting on the proposal.
- Chris argued that DReps opposing the proposal could ultimately be blamed for killing Cardano.
- Cardano founder Charles Hoskinson confirmed that IOG will not resubmit the proposal if the community votes it down.
Top DRep Plans to Sell His $ADA Holdings and Leave Cardano
Chris O revealed his intention to leave the Cardano ecosystem while responding to fellow DRep YUTA’s decision to cast an abstention vote on the IOG proposal.
As reported earlier, YUTA argued that although parts of the proposal contain valuable research, other sections appear to represent an inefficient use of treasury funds. He also suggested that IOG divide the proposal into separate submissions so the community can evaluate each research category independently, rather than approving the package as a whole.
However, Chris O strongly rejected that argument in a public response on X, describing the reasoning as ridiculous. He reiterated that he could sell his $ADA holdings and leave the Cardano ecosystem if the proposal ultimately fails because of his colleague’s incompetence.
In addition, he urged YUTA to reconsider the abstention vote and warned that those blocking the proposal could bear responsibility for “killing Cardano.”
Cardano Founder Outlines Risks of Proposal Failure
Meanwhile, the proposal appears to be moving closer toward potential rejection as several major DReps continue voting against it. Although 13.28% of votes currently support the proposal, more than 86% of the votes cast so far oppose it. DReps have until June 8 to submit their votes and determine the proposal’s outcome.
At the same time, Charles Hoskinson confirmed that IOG will not resubmit the proposal if the community rejects it. He warned that failure to pass the proposal could force the closure of certain research labs and lead to some engineers leaving the project.
Hoskinson further cautioned that $ADA’s current downturn could become permanent if Cardano loses its research-driven development model following the failure of the proposal.
