Cardano founder Charles Hoskinson proposed changes to Cardano’s governance as ADA traded near $0.16 following a 35% decline over the past month.

According to NS3.AI, Hoskinson said Cardano is facing more than 600 million ADA in funding requests while operating under a 350 million ADA net change limit.

He said the imbalance between requested funding and the current limit is driving the need to adjust governance processes.