Input Output, the development firm behind Cardano, is seeking $46.8 million in treasury funding for the 2026 development cycle, but several core proposals remain well below the 67% ratification threshold required from delegated representatives, or DReps. Charles Hoskinson warned that failure to approve the funding could lead to an exodus of scientists and the closure of Input Output’s flagship research lab, arguing that Cardano’s research-driven identity is at stake. The largest request, the Cardano Maintenance Initiative for more than 62.1 million ADA, had 46.58% approval, 9.25 billion ADA abstaining, and 45.61% of voting power still uncast as the May 24 deadline approached. Other proposals for Layer 2 infrastructure, developer tooling, decentralized indexing, Plutus upgrades, Babel Fees, and a research initiative called Cardano Vision 2026 also trailed approval thresholds, with the research proposal at about 13% support and voting expected to close on June 8.