Cardano Sets Record With Fastest Ever Governance Vote: Details

Source: CryptoNewsNet Original Title: Cardano Sets Record With Fastest Ever Governance Vote: Details Original Link: Cardano has reached a fresh governance milestone with the fastest approved proposal by DReps in its history. The Cardano Critical Integrations Budget proposal crossed the 50% mark in less than two days since submission, marking a record-breaking achievement.

On Nov. 27, a new Budget Info Action was submitted for community consideration: The Cardano Critical Integrations Budget proposes an allocation of 70 million ADA from the Treasury to fund a coordinated program of ecosystem-critical integrations.

The move represents a coalition of Input Output, EMURGO, the Cardano Foundation, Intersect and the Midnight Foundation, marking the first ever joint proposal by the Cardano entities.

Cardano runs on a decentralized governance system that gives every ADA holder a voice. The Chang hard fork, a two-part upgrade, ushered decentralized governance to the Cardano blockchain through the Voltaire era.

Super Exciting Things Coming

In a recent response, Cardano founder Charles Hoskinson hinted at exciting developments ahead. “We have some things coming that are super exciting. Cardano is a sleeping giant that is waking up and is pissed off,” Hoskinson said.

Midnight’s NIGHT token will launch as a Cardano Native Asset on Dec. 8 with its distribution and trading phases to begin on this day. As a Cardano token, it will be traded on Cardano DEXes as well as on some exchanges.

The Cardano Critical Integrations Budget marks a coordinated step into 2026, intended to help position Cardano strongly for the next phase of growth. The budget seeks to establish a fund that will be exclusively dedicated to onboarding tier-one infrastructure components, such as tier-one stablecoins, institutional custody and wallets, on-chain analytics, cross-chain bridges and globally recognized pricing oracles.