Governance Actions

Tweag Core Cardano Infrastructure: Treasury Withdrawal 2026–2028

Requesting39,787,316 ₳

IntersectEpoch 628

Cardano at TOKEN2049 Singapore 2026: Top-Up ‘Title’ Sponsorship Upgrade

Requesting1,768,167 ₳

IntersectEpoch 628

Cardano at TOKEN2049 Singapore 2026: Baseline ‘Platinum' Sponsorship Proposal

Requesting3,303,750 ₳

IntersectEpoch 628

Revised Cardano Summit 2026 Singapore

Requesting7,800,000 ₳

Cardano FoundationEpoch 627

Pogun: Capital Without Compromise

Requesting12,290,000 ₳

Input OutputEpoch 626

IO & Ensurable Systems: Cardano Maintenance Initiative

Requesting62,134,630 ₳

Input OutputEpoch 626

IO: Cardano Upgrades

Requesting13,103,039 ₳

Input OutputEpoch 626

IO: Cardano High Assurance Technical Collaboration

Requesting13,078,578 ₳

Input OutputEpoch 626

IO & Midgard Labs: L2 Scalability Initiative

Requesting10,425,871 ₳

Input OutputEpoch 626

IO: Developer Experience Initiative

Requesting3,601,926 ₳

Input OutputEpoch 626

IO & VacuumLabs: Enhancing Plutus - Performance, Correctness, and Usability

Requesting11,877,575 ₳

Input OutputEpoch 626

Blockfrost: Maintenance and Next Generation Indexing

Requesting7,920,000 ₳

Input OutputEpoch 626

IO: Consensus Initiative

Requesting27,714,342 ₳

Input OutputEpoch 626

Cardano Summit 2026 and TOKEN2049 Singapore

Requesting14,076,539 ₳

Cardano FoundationEpoch 623

Pebble + Gerolamo - HLabs 2026 Budget

Requesting8,035,714 ₳

Harmonic LabsEpoch 621

Approve Cardano Foundation as New Managing Entity of Project Catalyst

The Cardano Foundation (CF), supported by Input Output Group (IOG), is requesting community approval to be appointed as the new managing entity for Project Catalyst. This will allow for full and effective transition of Catalyst operations and responsibilities from IOG to CF in accordance with the statutes of the Catalyst Foundation Company (CFC). This transition will ensure continuity of operations and minimise delays on milestone reviews and eligible payouts for teams delivering against projects in Funds 10-14. This approval request and Info Action is unrelated to Intersect’s role as the constitutionally mandated budget administrator for funds 14 to 16. This request is also unrelated to the already announced return to the Cardano Treasury of the previously approved allocations for Fund 15 and 16. This Info Action will be considered approved, if greater than 50% of the active DRep voting stake votes YES upon the action's expiration.

Cardano FoundationEpoch 619

Cardano x Draper Dragon: Orion Fund

Requesting50,000,000 ₳

Cardano FoundationEpoch 618

Cardano Defi Liquidity Budget - Withdrawal 1

Requesting800,000 ₳

Dingo: a Production-Grade Block Producer in Go by Blink Labs

Requesting6,900,000 ₳

Blink LabsEpoch 617

Cardano Budget Process Framework (facilitated by Intersect)

This Governance Information Action provides the formal description of the Intersect Budget Process Framework for the 2026 and future cycles, until modified, administered by Intersect. It outlines a structured, multi-step workflow used to collect, review, consolidate, and execute Treasury-funded activities, and records the improvements introduced for the 2026 budgeting year.

IntersectEpoch 616

Amaru Treasury Withdrawal 2026

Requesting10,142,000 ₳

PRAGMAEpoch 614

Reduce minimum Constitutional Committee size (committeeMinSize) from 7 to 5

Committee Min Size5→5

YUTAEpoch 612

Net Change Limit of 300 Million ADA for Epochs 613–713

This governance action proposes a Net Change Limit of 300,000,000,000,000 lovelace (300 million ADA) for the period from the start of Epoch 613 (13 February 2026) to the end of Epoch 713 (3 July 2027). Upon approval in accordance with the Constitution, this NCL shall apply to Epochs 613–713 and supersede any previously agreed NCL for the same period.

Treasury Withdrawals (4b10e579#0)

Requesting500,000 ₳

Increase Transaction and Block Memory Units (Part 1 of 2)

2 parameters changed

IntersectEpoch 606

Name Protocol Version 11 hard fork - van Rossem

Intersect’s Hard Fork Working Group proposes to name the next Cardano hard fork, to Protocol Version 11, the “van Rossem Hard Fork” in memory of Cardano community contributor Max van Rossem.

IntersectEpoch 606

Net Change Limit (Epoch 613 to Epoch 713)

The Cardano Constitution requires the establishment of a Net Change Limit (NCL), which defines the maximum amount of lovelace that can be withdrawn from the treasury during an outlined period of time. This governance action serves as an opportunity for all governance stakeholders to formally express their positions regarding the proposed Net Change Limit, ensuring transparency, accountability, and alignment across the ecosystem. The Net Change Limit will begin at the start of **Epoch 613** (13 February 2026) and conclude at the end of **Epoch 713** (3 July 2027). The Net Change Limit will be **350,000,000,000,000 lovelace** (350M ada). Unless superseded by a new NCL, this is the maximum amount that can be withdrawn from the treasury during this specific period and shall not be exceeded. The Net Change Limit will be used when reviewing treasury withdrawal actions to ensure constitutionality as required by Article IV of the Cardano Constitution and the Treasury Withdrawal Guardrails outlined in Appendix I. This action has been submitted on the behalf of the Cardano Budget Committee at Intersect, following community feedback.

IntersectEpoch 605

DeltaDeFi: Hydra Trading Infrastructure Budget (₳1,500,000)

This Budget Info Action asks DReps and the Cardano community to signal support for a **₳1,500,000, 6-month budget** to harden and scale **DeltaDeFi**, a Hydra-based, low-latency order-book exchange aiming to become core **trading infrastructure for Cardano**, focused on ADA and Cardano native tokens (CNTs). The requested budget is intended to: * Bring the current **Hydra spot DEX** from beta to a production-ready venue for both API traders and everyday users; * Scale the **Hydra and data infrastructure** so Cardano has at least one CEX-grade venue for ADA and key CNT pairs; and * Deliver a **Vision 2030 KPI Measurement Programme** (baseline report + live dashboard + progress report) that tracks DeFi infrastructure contribution to ecosystem goals. Within the ₳1,500,000 total: * 80% is dedicated to engineering, operations and security for the Hydra trading infrastructure; and * 20% is dedicated to the **Vision 2030 KPI Measurement Programme**: * an initial **"State of Cardano DeFi" baseline report**, * a public **Vision 2030 KPI dashboard**, and * a final **6-month progress report**

CARDANO BLOCKCHAIN ECOSYSTEM CONSTITUTION v2.4

New constitution with guardrails script

YUTAEpoch 601

Cardano 2030: Vision, Mission, Strategy Framework and KPIs

Starting at the end of 2024 and continuing throughout 2025, the Cardano Product Committee of Intersect facilitated the **first community-led process to propose a 2030 Cardano Vision and Strategy**. During the first part of 2025 this process also received delegated authority and funding by Cardano DReps during the 2025 budget cycle. The extensive process the Product Committee followed, which **involved 700+ people**, focused on collecting as much input as possible from the broader community with attention to representative groups via different channels such as surveys, focus groups and remote and in-person workshops, and then reconnecting with those same groups to review a draft proposal based on the input provided. This process can be reused in the future to keep both Vision and Strategy updated ([high level process mapped](https://productcommittee.docs.intersectmbo.org/committee-outcomes/2030-long-term-cardano-vision)): 1. [Input collection - Workshops](https://productcommittee.docs.intersectmbo.org/committee-outcomes/2030-long-term-cardano-vision/insights-collected/insights-collection-workshops) 2. [Focus group SPOs](https://productcommittee.docs.intersectmbo.org/committee-outcomes/2030-long-term-cardano-vision/insights-collected/focus-groups) 3. [Surveys](https://productcommittee.docs.intersectmbo.org/committee-outcomes/2030-long-term-cardano-vision/insights-collected/surveys) 4. Conversations with founding entities leaders from IOG, Cardano Foundation, EMURGO 5. [Business calls](https://product.cardano.intersectmbo.org/business-interviews/) 6. [Drafted proposal](https://product.cardano.intersectmbo.org/vision/) 7. [Reviewed proposal Workshops](https://productcommittee.docs.intersectmbo.org/committee-outcomes/2030-long-term-cardano-vision/draft-review-workshops) * [Proposal link and history on github](https://github.com/IntersectMBO/product-website/commits/master) 8. [Approved budget withdrawal on 17th August](https://gov.tools/outcomes/governance_actions/8ad3d454f3496a35cb0d07b0fd32f687f66338b7d60e787fc0a22939e5d8833e#35)

IntersectEpoch 601