GOMA-DRep

I recognize the technical merit of this proposal and the strong reputation of HLabs within the Cardano ecosystem. The vision of a fully validating browser-based Cardano node is innovative and could become a unique differentiator for Cardano if successfully delivered.

However, I am not yet convinced that the proposal demonstrates sufficient ecosystem demand or adoption certainty to justify a treasury commitment of ₳4.6M ADA at this stage.

Several factors lead me to abstain:

• The proposal focuses heavily on technical feasibility but provides limited evidence that wallets, dApps, or end users are actively requesting this solution.
• Adoption targets are modest relative to the requested budget, with only a small number of expected integrations.
• Important questions remain regarding browser performance, synchronization requirements, long-term maintenance costs, and compatibility with future protocol upgrades such as Leios.
• The proposal's success depends not only on delivery but also on broad ecosystem integration, which is largely outside the direct control of the team.
• While the milestones are reasonably clear, they primarily measure technical outputs rather than ecosystem outcomes.

I appreciate the team's contributions to Cardano and believe the concept deserves continued exploration. However, given current treasury constraints and competing infrastructure priorities, I do not have sufficient conviction to support or oppose the proposal outright.

For these reasons, I choose to ABSTAIN.

After reviewing this proposal, I support it because it represents a genuine real-world adoption opportunity for Cardano rather than a purely theoretical blockchain initiative.

The strongest aspect of the proposal is that it addresses an existing regulatory and commercial problem. Vietnam's traceability requirements, combined with increasing export compliance demands from China, create a clear market need that exists independently of Cardano. In this case, Cardano serves as the infrastructure layer supporting a solution to a real economic challenge.

I also view positively the fact that the team reports having already invested significant resources into development, field operations, institutional engagement, and proof-of-concept validation before requesting Treasury funding. The proposal includes measurable milestones, open-source deliverables, and treasury protection mechanisms through milestone-based disbursements and clawback provisions.

That said, I recognize several risks. The transition from a proof of concept to deployment across 12,000 hectares and 180 million fruits is highly ambitious. Many of the adoption and activity projections remain targets rather than guaranteed outcomes, and successful execution will depend on continued farmer participation, regulatory alignment, and operational delivery.

Despite these concerns, the requested budget is relatively modest compared to many other Treasury proposals, while the potential upside for Cardano adoption is substantial. If successful, this initiative could demonstrate Cardano's ability to support large-scale agricultural traceability and digital identity infrastructure in a real production environment.

For these reasons, I vote YES, while expecting rigorous milestone verification, transparent reporting, and ongoing accountability throughout the implementation period.

I am voting YES on this proposal because it funds critical Cardano infrastructure that directly supports the network’s scalability, resilience, security, and long-term sustainability.

The most significant component of this proposal is the delivery of Peras, a major consensus enhancement expected to reduce transaction finality from approximately 12 minutes to around 2 minutes. Faster finality will improve user experience, increase confidence in on-chain settlement, and strengthen Cardano’s competitiveness as a platform for DeFi, payments, and enterprise applications.

Beyond Peras, the proposal delivers several high-impact infrastructure improvements:

History Expiry, which will help reduce storage requirements for SPOs and support decentralization as network throughput increases.
Conformance Testing, Mutation Testing, and Adversarial Fork Testing, which strengthen protocol correctness and reduce deployment risks for future upgrades.
Hoarding Node, which improves network observability, monitoring, and incident detection capabilities.
Developer tooling enhancements, making it easier to build, test, and maintain applications on Cardano.

I also recognize that Tweag has a long and proven track record within the Cardano ecosystem, having contributed to core infrastructure development since 2018, including consensus, ledger, and protocol-related work. This experience significantly reduces execution risk and increases confidence in the team's ability to deliver.

While the requested budget of ₳39,787,316 is substantial, the proposal focuses on foundational infrastructure that can generate long-term benefits for the entire ecosystem. The deliverables will be open source, subject to milestone-based oversight, auditing, and governance controls through Intersect’s treasury administration framework.

Overall, I believe this proposal represents a strategic investment in Cardano’s future and directly contributes to the network’s technical roadmap and long-term growth objectives.

For these reasons, I vote YES.

After reviewing the proposal, I recognize the strategic value of TOKEN2049 as one of the largest blockchain conferences globally and acknowledge the benefits that a Title Sponsorship could bring in terms of visibility, media exposure, and ecosystem promotion.

However, this proposal primarily funds incremental marketing benefits beyond the baseline Platinum sponsorship. While the additional keynote, branding opportunities, and media access may increase exposure, the expected return on investment remains difficult to quantify in terms of measurable adoption, user growth, or ecosystem development.

My assessment is therefore based on whether the additional treasury expenditure can be justified relative to other ecosystem priorities. DReps should carefully consider whether premium visibility provides sufficient value beyond the baseline sponsorship already under consideration.

I have chosen to abstain on this treasury withdrawal proposal after careful consideration of both its strategic value and its associated costs.

On one hand, I recognize the importance of global visibility and ecosystem positioning. Participation in major international events such as TOKEN2049, alongside the organization of the Cardano Summit 2026, can contribute to strengthening institutional relationships, increasing awareness, and showcasing the maturity of the Cardano ecosystem. The proposal is well-structured, includes clear objectives, and builds on prior event experience.

However, I remain uncertain about the proportional return on investment relative to the scale of the requested funding (~14 million ADA). While key performance indicators are outlined, the direct and measurable impact of such events on long-term ecosystem growth, user adoption, and on-chain activity remains difficult to assess with high confidence.

Additionally, given the current stage of the ecosystem, I believe there is a valid argument for prioritizing treasury allocations toward infrastructure development, developer tooling, and initiatives with more direct and verifiable impact on network usage and resilience.

My abstention reflects a neutral stance: I do not oppose the strategic intent of the proposal, but I am not sufficiently convinced that this represents the most effective use of treasury resources at this time.

I encourage continued transparency, post-event reporting, and clearer frameworks for evaluating the tangible outcomes of large-scale marketing and ecosystem events in future proposals.