Cardano’s (CRYPTO: ADA) community voted down funding for the Cardano Summit 2026, with the proposal falling short of the required two-thirds supermajority and sending ADA down 3%.

Proposal Got 65% Support But Needed 66.67% To Pass

The Cardano Foundation proposed a two-day summit in Singapore on October 5-6, seeking 7.8 million ADA worth roughly $2 million from the network treasury. 

Yes votes came in at 65.21% of participating delegated representative stake, just 1.46 percentage points short of the 66.67% supermajority treasury withdrawals required.

By headcount the vote was actually a majority, 135 in favor against 61 opposed with 24 abstaining. 

However, Cardano’s governance rules…

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