Morning Edition · Monday, September 21, 2026Published at 1:47 AM EDT · New York

Cardano's Delegated Voters Rejected a 12.29 Million ADA Request From Input Output, and Hoskinson Dropped the Cardano-First Policy

Delegated representatives voted 64.33 percent against even though the Constitutional Committee recorded unanimous approval.

Cardano's on-chain governance did something unusual this week. It voted down a request from its own founding development company. A request for 12.29 million ADA to fund Pogun, a credit and liquidity product backed by Input Output that is d…