The most important vote of 2026? Cardano community decides to withdraw 50 million ADA to Tim Draper’s fund

A new and very important vote has been launched on the Cardano blockchain. Community is asked to approve 50 million withdrawals $ADA Tokens from the Treasury. This is the first tranche of the larger Orion Fund initiative, created in collaboration with venture giant Draper Dragon.

What can we say about the main proposal? First, the goal is to create a shared venture fund worth $80 million to support startups, develop the ecosystem and accelerate projects on Cardano. Second, the voting period ends on April 15th of this year.

And finally, unlike regular grants, the Orion Fund will be run as a professional venture fund, meaning that the proceeds from the investment will be returned to the Cardano Treasury, making the fund self-sustaining.

Where will the 50 million go? $ADA go?

The Orion Fund, managed by Draper Dragon, focuses on three main directions:

1. Direct investments account for $50 million and support promising projects from acceleration stages to Series A rounds.
2. An additional $11.5 million will be allocated for growth capital, marketing, exchange listing, liquidity provision, and technical guidance through its own venture studio.
3. Finally, $6 million will be set aside for education and talent, including a Silicon Valley hacker house program and accelerator to prepare new founders for real-world assets and institutional DeFi.

The partnership with Draper Dragon, founded by the legendary Tim Draper, gives Cardano access to a global institutional network and asset management expertise.

The fund is expected to help the network increase its total value from its current level of less than $500 million to more than $3 billion. Importantly, Cardano ($ADA) is one of the few major Layer 1 networks whose TVL has never exceeded $1 billion.