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On Saturday (March 12), Charles Hoskinson, who is Co-Founder and CEO of IO Global (aka “IOG”, formerly known as “IOHK”), the company responsible for Cardano’s research and development, talked about TVL in Cardano-powered DeFi protocols.
Hoskinson’s comments came in response to an $ADA HODler’s tweet about the rapid growth in Cardano’s Total Value Locked (TVL), i.e. the aggregate amount of funds locked into its DeFi protocols.
The IOG CEO said that there are many Cardano DeFi apps that are waiting for Vasil hard fork combinator event, which is expected to take place in June, and once that happens, we should see an even more impressive growth in Cardano’s TVL.
What most also don't understand is that many Cardano DApps are waiting for the Vasil hardfork in June to launch to benefit from pipelining. So it seems we ain't seen nothing yet on TVL https://t.co/mMHxwRrF96
— Charles Hoskinson (@IOHK_Charles) March 12, 2022
On 10 December 2021, Hoskinson explained that he was going to honour his Bulgarian friend and Cardano ambassador Vasil Dabov — who had died recently — by naming the June hard fork after him. Dabov was a blockchain consultant, Haskell practioneer, and experienced ginkgologist.
