DRepActive

drep1y2q96n4hf0d8j...

drep1y2q9...kqr8a70c

31,840 ₳31.8K ₳voting power

1 delegator<0.01% of active voting power

About

Overview

Generated from public on-chain data

drep1y2q96n4hf0d8j... is an active Cardano DRep, registered in epoch 507. They hold 31.8K ₳ of delegated voting power, about 0.00% of the active stake. drep1y2q96n4hf0d8j... has cast 21 on-chain governance votes (14 yes, 4 no, 3 abstain). Since registering, they have taken part in 21 of 154 decided actions (14%). They have published 1 rationale explaining their votes.

Governance record

Participation14%Voted on 21 of 154 concluded actionsAhead of 18% of 295 active DReps
Votes with rationale5%1 of 21 votes with rationaleAhead of 42% of 293 active DReps with votes
Vote timingDay 16.0Median point after submission across 21 timed votes
Voting pattern
21votes
  • Yes14 (67%)
  • No4 (19%)
  • Abstain3 (14%)

Changed vote on 2 actions2 changes total

Percentiles compare active DReps with at least five concluded actions since their registration. What these numbers mean

Voting power trend<0.1%vs last epoch
31.8K ₳1Epoch 648Epoch 66331.8K ₳1Epoch 648Epoch 663
0.3%over 16 epochsDelegators1over 16 epochs

Recognition (8)

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Activity

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NoCardano dOSPO and OMF ProgramDecided epoch 637View rationaleExpired5mo ago

I do not support this Treasury Withdrawal.

The proposal asks for 12,000,000 ada over 36 months while leaving too much operational authority unresolved, undefined, or deferred until after approval.

The central issue is not whether open source maintenance matters. It does. The issue is whether this proposal gives ada holders enough certainty, control, and protection before releasing a large amount of treasury funds. In my view, it does not.

The administrator structure is a major concern. The proposal begins with Open Source Cowboy Consulting, then intends to transfer responsibility to a future dOSPO legal entity that does not yet exist, has no named jurisdiction, and is only promised to be formed later. DReps are being asked to approve funding now for an administrative structure that is partly still theoretical.

That is not good enough for a 12,000,000 ada withdrawal.

The proposal also creates multiple councils, reserves, rubrics, future selection processes, and operator-replacement mechanisms, but much of the actual decision-making framework depends on things being created after the funds are approved. This places too much trust in future process design rather than giving voters clear, fixed terms at the time of approval.

There are also significant budget concerns. Large amounts are allocated to operations, reserves, program management, councils, audits, dashboards, activation programs, and future discretionary deployment. Some funds may be returned if unused, but that does not fix the core problem: the treasury is still being asked to authorize a broad mandate before the final governance and administrative machinery exists.

As a DRep, I am not comfortable approving treasury withdrawals where key safeguards depend on later implementation by the same program structure receiving the funds.

Cardano absolutely needs sustainable open source maintenance. But that does not mean every large, complex, multi-year program should be approved because the mission sounds important.

A stronger proposal would first establish the legal entity, name the administrator, finalize the governance documents, define council membership rules, lock the decision process, and then request funding in smaller, verifiable stages.

This proposal asks for too much, too soon, with too many critical details deferred.

For that reason, I vote No.

On-chain profile details

DRep ID
drep1y2q9...kqr8a70c
Registered since
May 1, 2026
Last metadata update
5mo ago
Data freshness
On-chain data as of 1d ago