A message to the Cardano community

After 1,306+ days of continuous uptime on ADA/USD, and tens of millions in value secured across the ecosystem, Charli3 is pausing our price feeds and ceasing any new business. In April 2026, our feeds still secured approximately USD $20M in TVS.

This is not the chapter we expected to write. We owe the community honesty, gratitude, and clarity about what comes next.

What we built

We’ve been building on Cardano since 2021, before smart contracts existed on the chain. Charli3 launched as the first decentralized oracle on the network and remains one of the longest-surviving brands in the ecosystem:

• First native push oracle on Cardano (Oct 2022 launch)
• First native pull oracle on Cardano: a cost-efficient evolution from push architecture
• Partnerchain Oracle MVP: retains Cardano’s security guarantees with 6-second block times, 100k+ token price feeds bundled onto Cardano. This design is the best possible native oracle infrastructure for Cardano.
• Since Oct 2022, 1,306+ days of continuous uptime on ADA/USD
• 99.999%+ uptime across our ecosystem feeds
• Approximately USD $20M in TVS as of April 2026
• 100% delivery rate across all Project Catalyst milestones
• Free community price feeds, subsidized for three years
• Push and pull oracle code released under the MIT license: free for the ecosystem to fork, extend, and run
• Dendrite: open-source, MIT-licensed DEX aggregator
• Cardano Data API: real-time, block-by-block, DEX-pool-weighted token data, the highest quality data available today via API integration
• 2026 Pull Oracle Hackathon: 17 functional projects built in four days, showcasing what a native pull oracle unlocks for the ecosystem
• Howden Group partnership: signed agreement on parametric insurance, positioned to bring over $1B in liquidity on-chain. Our POC proposal placed in the top 10 of its Catalyst round. It never saw implementation, but multi-national corporations are coming to Cardano looking for solutions.
• Bike ID partnership: signed agreement to bring a working Digital Product Passport (DPP) use case on-chain possibly enabling tens of millions of Cardano transactions in the future, proposed for Fund 15 before Catalyst abandoned the round.

None of this happened alone. We kept our nose to the grindstone through bull and bear markets alike and quietly shipped code with extraordinary teams across the ecosystem: Join Plank, MetaLamp, MLabs, TxPipe, Steelswap, the Hydrazoa team, and many others. To everyone we built alongside: thank you.

This track record belongs to Cardano. The chain’s deterministic execution, predictable fees, and resilience gave us the foundation everything else was built on.

We are deeply grateful to Charles Hoskinson and the founding entities for the opportunity to build on this chain. Our team believed in the vision of Cardano from day one, and that belief never wavered: not through three bear markets, not through delayed funding, not through the long stretches of shipping infrastructure that few celebrated. It hasn’t wavered today. Thank you.

It also belongs to our engineering team, who have quietly, relentlessly held production through every market cycle. They are the reason the lights stayed on.

Where we are today

We are pausing our price feeds and ceasing any new business while we explore strategic partnerships to bring native oracle infrastructure back to Cardano in a form the ecosystem can sustain long-term.

An honest word on how we got here

Charli3 was built almost entirely on Project Catalyst funding, and we are deeply grateful for the years of community support that made our work possible. Catalyst gave a small team the runway to build something that mattered, and we would not exist without it.

The realities of the last cycle hit hard. Catalyst review cycles ran long, and by the time our funding landed ADA had moved from roughly $0.80 to $0.24, a haircut no small team can fully absorb. We had also intended to migrate our work to Intersect ownership and governance in Q4 2025. Many months later, that conversation has yet to start.

The market for native oracle infrastructure has been small, even at our below-market pricing. Customers understandably built bootstrapped in-house solutions that held up well enough through low-volume bear markets. The pressure on native infrastructure isn’t new, and it isn’t ours alone. The whole ecosystem has taken hit after hit.

These are not complaints, but rather context. We share them because the ecosystem deserves to understand the conditions native infrastructure projects are operating under, so future builders can land in a stronger position than we did.

What’s next

Cardano’s next chapter is going to be extraordinary, and we want native oracle infrastructure to be part of it. We are actively exploring paths, including open source directions and strategic partnerships, to bring robust, native price feeds back online for the ecosystem at a sustainable cost.

We think the key to that future is the onboarding of real-world use-cases to the chain, and a decentralized native oracle implementation is necessary infrastructure for that to happen. Our team believes our oracle Partnerchain is the best possible implementation of that future infrastructure.

What we built remains open. Our push and pull oracles are MIT-licensed alongside Dendrite. Cardano can build this future on its own terms, without depending on oracle infrastructure imported from elsewhere.

We are paused and exploring what’s possible.

To our customers, our node operators, our community, our funders, and everyone who believed in a decentralized oracle on Cardano: thank you. You built this with us. Whatever comes next for native infrastructure on Cardano, this community was the first to prove it could be done.

With gratitude, The Charli3 Team