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Security Talk Leads to Surprise $100M Cardano DeFi Proposal from Charles Hoskinson

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Cardano (ADA) founder Charles Hoskinson proposes a $100 million fund to support the network's DeFi ecosystem.
  • Cardano community discusses hot wallet security after FluidTokens Lending V3 audit release.
  • Hoskinson proposes a $100M ADA allocation to boost Cardano’s DeFi ecosystem and stablecoin use.
  • ADA trades at $0.85 amid debate on liquidity impact of large-scale treasury allocation.

A community discussion about hot wallet security in the Cardano ecosystem recently prompted founder Charles Hoskinson to weigh in. The conversation itself was sparked by the release of a new audit report for the DeFi platform FluidTokens.

It all started when a community member, MadMusicMaker, asked Hoskinson for the best way to secure funds in a hot wallet, acknowledging the risks but asking for practical advice. This question came after several recent incidents where scammers had targeted Cardano project team members. Another participant, Bobcorn, pointed to a specific case where victims were tricked into downloading a fake Zoom application, which led to compromised devices and exposed wallet seeds.

He recommended avoiding unfamiliar links and refraining fro…

The post Security Talk Leads to Surprise $100M Cardano DeFi Proposal from Charles Hoskinson appeared first on Coin Edition.

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