Cardano founder Charles Hoskinson announced a plan to bring roughly $1.6 trillion in idle Bitcoin into Cardano’s DeFi ecosystem through a platform named Pogun, under which each ...
Cardano founder Charles Hoskinson announced a plan to bring roughly $1.6 trillion in idle Bitcoin into Cardano’s DeFi ecosystem through a platform named Pogun, under which each transaction would require ADA to pay fees. The proposal outlines three phases for 2026: a non‑margin credit market in the second quarter, a yield‑focused application in the third quarter, and a BitVM‑based trust‑minimized bridge in the fourth quarter, using Cardano’s Midnight privacy chain and its EUTXO accounting model. Input Output Group has requested about 12.3 million ADA from the treasury to fund development. Community members have raised concerns that making ADA the fee token could limit demand for ADA itself, since users would not need to hold ADA to participate, prompting questions about whether the design benefits ADA holders or primarily Bitcoin holders. The plan’s success will be judged by Bitcoin volume flowing through the system and any measurable increase in ADA demand, while execution timing and competition from other Bitcoin‑DeFi projects pose significant risks.
- Publisher
- cryptonews
- Reliability
- high
- Published
- 7/19/2026, 10:00:35 AM
- Retrieved
- 7/19/2026, 10:00:35 AM
- Relevance
- 80%
- Confidence
- 85%

