Hoskinson discloses the new challenges facing Cardano as its ecosystem expands

Input Output (IO) CEO Charles Hoskinson discussed Cardano’s challenges arsenic its dApp ecosystem fills retired during his latest unrecorded stream.

Recent times person seen a backlash against the task implicit the dilatory rollout of dApps. But now, immoderate 7 months aft astute declaration functionality went live, Hoskinson said Cardano faces a caller trial — however to negociate ecosystem growth.

Cardano to get much hands-on with vetting projects

After a two-week lack owed to attending matters successful Dubai, Poland, and Switzerland, Hoskinson returned to live streaming and said the Cardano DeFi ecosystem has snowballed to thousands of projects successful number.

With that, it becomes progressively imperative to vet projects. Hoskinson said 1 of the ways helium intends to bash this is by enhancing his visibility of the antithetic projects successful the physique phase.

He suggested a process that would impact interviewing task reps and past bringing consciousness of the task via IO channels.

“One of the things I’m trying to bash is make immoderate benignant of mechanism, wherever if you’re an absorbing and chill task connected Cardano, that I can, oregon idiosyncratic similar me, tin interrogation you. And past we tin broadcast that done the IO channels.”

At the aforesaid time, Hoskinson concedes this attack brings further problems with impartiality. Namely, however tin IO stay nonsubjective erstwhile supporting competing projects?

The difficulties successful vetting projects

As good arsenic that, Hoskinson added that vetting projects is complicated, citing SundaeSwap arsenic the premier illustration of a breakdown successful the vetting process.

“we met the [SundaeSwap] squad and we collaborated backmost and distant and past things happened. And present there’s this quality betwixt Cardstarter and SundaeSwap… Things happen, immoderate great, immoderate not truthful great, and we’re conscionable near with ovum connected our look erstwhile the not truthful large worldly happens…”

Difficulties betwixt SundaeSwap and Cardstarter became known astatine the process extremity of January. Cardstarter CEO Aatash Amir alleges SundaeSwap reneged connected a woody betwixt the two, which meant that Cardstarter would person 10 cardinal SUNDAE tokens alternatively of the 150 cardinal initially agreed.

Hoskinson says it’s casual for everyone to beryllium friends erstwhile there’s nary wealth connected the table, task unity and communal goals. But erstwhile contention arises “with 10 Dexs warring each other,” that creates tension.

The occupation gets compounded erstwhile IO endorses competing projects. For example, IO has a presumption successful Coti and WingRiders, yet some vie successful the stablecoin market.

Hoskinson labels this dilemma the hard adjacent signifier arsenic determination are nary casual answers.