# Cardano Launches 120M ADA Initiative to Grow DeFi Deposits

By [The BSCN Debrief](https://paragraph.com/@bscnalpha), 2026-11-06

bsc news brief, crypto news

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Alpha Growth has started Cardano PRIME, a year-long effort to expand decentralized finance activity on the Cardano blockchain. The initiative uses 120 million ADA from the Cardano treasury, worth approximately $19.2 million when approved, to fund protocol grants, liquidity incentives and money market integrations. The plan targets raising total value locked from current levels to $290 million.

Governance voting in August approved the program with 73 percent support. Current DeFi deposits on Cardano sit at $54.77 million according to DefiLlama, below the $90 million baseline mentioned in the proposal. The program includes conditional fund releases and ties performance fees to verified growth over 24 months.

**Read the full story on BSC News:** [Cardano PRIME Program Allocates 120M ADA to Raise DEFI TVL Above $200 Million](https://bsc.news/news/cardano-prime-120m-ada-defi-incentive?utm_source=paragraph&utm_medium=brief&utm_campaign=article_wire)

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*Originally published on [The BSCN Debrief](https://paragraph.com/@bscnalpha/cardano-launches-120m-ada-initiative-to-grow-defi-deposits)*