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1 Major Reason Cardano Creator Audits 11,000 DAOs Is Governance
TL;DR
Charles Hoskinson has initiated an audit of 11,000 DAOs to restructure Cardano's Constitution by 2027. This decision follows a conflict between the need for fundamental research and the demand for practical DeFi products.
Key points
- Charles Hoskinson announced an audit of 11,000 DAOs.
- The audit aims to restructure Cardano's Constitution by 2027.
- There is a conflict between fundamental research and practical DeFi product development.
Mentioned in this story
Charles HoskinsonCardano
Cardano creator Charles Hoskinson announced the start of a large-scale study of 11,000 third-party DAOs for an urgent restructuring of the project's Constitution by 2027. He was forced to take this step by blockchain stagnation and an ultimatum from developers demanding an end to funding for fundamental science in favor of practical DeFi products.
As of late May 2026, Cardano is being torn apart by an ideological conflict between its academic past and commercial future, clearly illustrated by Hoskinson's discussion with developer Andrew Westberg.
Inside Cardano's governance crisis
The pragmatic wing of the community is demanding an end to "carpet bombing" budgets with long-term scientific research that brings no immediate market benefit. Instead, developers are calling for a move toward "sniper" funding for products ready for commercialization, including bridges, rollups and privacy solutions.
Hoskinson, on the other hand, is convinced that abandoning fundamental science would destroy Cardano's main unique selling proposition. In his view, the specifics of the EUTXO architecture rule out the use of ready-made, off-the-shelf solutions, while budget cuts would only lead to the loss of elite research talent, making the network vulnerable.
I've begun a comprehensive governance review of over 11,000 DAOs and a decade of literature in and out of our space to study executive function, roadmap, and strategy setting. The goal will be to propose some ideas to add new features to Cardano's governance via the constitution…
— Charles Hoskinson (@IOHK_Charles) May 23, 2026
While leadership and developers argue over methodology, Cardano's economy is showing clear signs of stagnation, only adding fuel to the internal political fight. Despite an impressive market capitalization of $9.08 billion, the total value locked in the network's DeFi segment stands at a modest $129.01 million, while the blockchain's daily revenue has amounted to $517, according to DefiLlama.
Q&A
Why is Charles Hoskinson auditing 11,000 DAOs?
Charles Hoskinson is auditing 11,000 DAOs to address governance issues and restructure Cardano's Constitution by 2027.
What is the main conflict within the Cardano community?
The main conflict is between the academic focus on long-term scientific research and the push for immediate market-driven DeFi products.
What are the consequences of cutting funding for fundamental science in Cardano?
Cutting funding for fundamental science may lead to a loss of elite research talent and compromise Cardano's unique selling proposition.
