Overview
- Charles Hoskinson announced on May 23 that he has begun a review of more than 11,000 DAOs and a decade of governance research to study executive roles, roadmap control, and strategy setting.
- The initiative is framed as a path to propose constitutional amendments and software changes that could reshape who decides on treasury spending and how conflicts are settled.
- The review comes while a 32.9 million ADA research funding request for Input Output Global remains on-chain with strong active-stake opposition, and the vote runs through June 8.
- Critics point to low short-term chain revenue and a roughly 1.65 billion ADA treasury to argue for tighter spending rules, while supporters warn that cutting research could drive away core developers.
- Cardano moved to its Voltaire tripartite model after ratifying a constitution in February 2025, and Hoskinson has said he may register as a delegated representative and host a mini-convention ahead of the 2027 governance cycle.