Cardano DRep backs Strike Finance V2 proposal to deploy 9M ADA from treasury for 12 months, targeting about 10% annual yield. A Cardano DRep has backed Strike Finance V2’s proposal to deploy 9 million ADA from the treasury. The plan would place funds into on-chain perpetual liquidity for 12 months. Cardano SPO and DRep Dave said he voted YES with 71.38 million ADA in voting power. He said the vote was made on behalf of his delegates. Mintern reported that the proposal aims to deepen liquidity and target about 10% annualized yield. The principal and returns would later return to the Cardano treasury. The vote has drawn attention because it ties treasury funds to market activity. It also shows how Cardano governance is weighing yield, risk, and ecosystem use. DRep Vote Supports Strike Finance Dave formally registered a YES vote on the Strike Finance V2 Treasury Deployment proposal.  His vote represented 71.38 million ADA in delegated voting power. The vote gives the proposal notable support inside Cardano governance. I just voted YES with 71.38 million ADA on the treasury withdrawal: Strike Finance V2 Treasury Deployment Proposal On behalf of all of my delegates. RationaleI am formally registering a YES vote on the Strike Finance V2 Treasury Deployment proposal. Each budget cycle demands… — Dave (@ItsDave_ADA) July 17, 2026 Dave said each budget cycle needs balance between core infrastructure and ecosystem investment.  He said the proposal offers productive returns while viable yield options remain limited. He also said perpetual markets are growing across the wider crypto sector. Perpetuals are contracts that track asset prices without an expiry date. They are used by traders seeking long or short exposure. Strike Finance V2 would use the ADA deployment to support this market. Treasury Plan Targets Liquidity and Yield Mintern reported that the plan would deploy 9 million ADA for 12 months. The deployment aims to deepen on-chain liquidity for perpetuals on Cardano.  Liquidity helps traders enter and exit positions with less price movement. UPDATE CARDANO DREP BACKS 9M ADA STRIKE FINANCE DEPLOYMENT 😱😱😱 Cardano SPO and DRep @ItsDave_ADA , representing 71.38M ADA in voting power, has voted YES on Strike finance V2's proposal to deploy 9M ADA from the treasury into on-chain perpetuals liquidity. The 12-month… pic.twitter.com/ICtOYjQLfh — Mintern (@MinswapIntern) July 17, 2026 The proposal targets about 10% annualized yield for the treasury. Annualized yield shows what returns may look like over one year.  Actual returns may change with market conditions and platform activity. The structure is not a grant, because funds and returns go back to the treasury.  This makes the proposal closer to a treasury investment. Still, the outcome depends on risk limits, demand, and execution quality. Read Also:  Cardano V11 Hard Fork Advances as Discord Clash Fuels Governance Fears Risk Controls and Scaling Remain Central Dave pointed to an independent 3-of-3 multisig as a key safeguard. A multisig requires several approved signers before funds can move.  He said future deployments of this size should use broader committees. He also supported strict drawdown limits and a fixed 12-month timeline.  Drawdown limits are rules that help reduce losses during weak markets. These controls are meant to manage risk during the deployment period. Dave encouraged Strike Finance to work with Cardano scaling teams, including Hydra and Midgard.  He said high-volume market feedback could help guide scaling infrastructure. Cardano stakeholders may now watch voting progress, risk reviews, and Strike Finance liquidity. The post Cardano DRep Backs 9M ADA Strike Finance Bet With 10% Treasury Yield Target appeared first on Live Bitcoin News.

Read full article on LIVE BITCOIN NEWS