A new proposal on the Cardano blockchain is seeking community approval to withdraw 50 million ADA from the treasury as the initial funding for the Orion Fund, a joint venture established with Draper Dragon. The fund, valued at $80 million, will operate as a professional venture capital tool, with returns flowing back to the treasury. It aims to increase Cardano's total value locked from less than $500 million to over $3 billion. Voting on the proposal will close on April 15.

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