Cardano founder Charles Hoskinson Urges DReps to Review Eternl Wallet Treasury Proposal

Hoskinson highlighted Eternl Wallet’s subscription-based revenue model and repayment plan as a sustainability-focused approach within Cardano governance.

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Summary

Cardano founder Charles Hoskinson called on DReps (delegated representatives in Cardano governance) to review a treasury proposal from Eternl Wallet, a wallet application in the Cardano ecosystem. He specifically pointed to the proposal’s subscription-based revenue model and repayment plan, describing them as a creative approach to sustainability. The statement centers on Cardano’s treasury and governance process, where DReps help evaluate proposals tied to ecosystem development and funding.

Terms & Concepts
  • DReps: Delegated representatives in Cardano governance who review and take part in decisions on ecosystem proposals.
  • Treasury proposal: A funding request submitted to a blockchain ecosystem’s treasury, typically seeking community-backed capital for development or operations.
  • Subscription-based revenue model: A business model where users pay recurring fees, which can help support ongoing product development and financial sustainability.