ILIJA

I am voting NO on this proposal.

L2s on ETH have had a big share of failure related to sustainability. In addition, even Cardano's today slow TPS is not resulting in fully filled blocks. Cardano lacks usage, not more tech. Lets invest money or usage not infra and scale WHEN needed.

A PDF version of this rationale is also made available.

I am voting NO on this proposal.

L2s on ETH have had a big share of failure related to sustainability. In addition, even Cardano's today slow TPS is not resulting in fully filled blocks. Cardano lacks usage, not more tech. Lets invest money or usage not infra and scale WHEN needed.

The proposal is rightly addressing the scaling of Cardano to meet the future tx demands, it is an investment in the future where these blocks are hopefully filled.

A great analysis was done by Yuta and https://adatool.net/io-proposals.

A PDF version of this rationale is also made available.

The proposal is rightly addressing the scaling of Cardano to meet the future tx demands, it is an investment in the future where these blocks are hopefully filled.

A great analysis was done by Yuta and https://adatool.net/io-proposals.

Yuta's reasoning is the same as mine:

"I am voting YES on the "IO: Consensus Initiative" governance action.
Leios is necessary for Cardano to compete with rival L1s whose scalability already far exceeds ours.
I hold three significant concerns about this proposal, but on balance I still recognize that this work is needed.

1. Trade-offs imposed on SPO operations are not quantified
   The disclosure on this point is, in my view, insufficient. Parameters will of course be chosen carefully, but based on the publicly available information, the impact on SPOs is unlikely to be small, and the possibility that some smaller SPOs are pushed out cannot be ruled out. There may well be internal data that would refute this concern, but none of it is visible in the proposal.
   That said, ultimately these are parameter-level questions and therefore tunable. Even taking these possibilities into account, the necessity of Leios outweighs them.
2. Cardano does not currently have transaction volume that demands Leios-level capacity
   This has been a long-standing critique. However, this may well be a chicken-and-egg situation: it is plausible that projects requiring that level of throughput are not being built on Cardano precisely because the chain does not offer that capacity. At the very least, without being able to demonstrate capability on par with competing L1s, Cardano cannot win.
3. Mainnet activation of Leios is explicitly outside the scope of this proposal's commitments
   Given the heavy parameter-consensus work and governance work that will be required, this is unavoidable. In fact, my recollection is that the current timeline is already considerably more aggressive than what Well-Typed originally envisioned — to the point that several developers have voiced the opposite concern, that the schedule is too rushed. Because this is a foundational change to the protocol, we should not hold excessive expectations about activation timing."

I vote yes, since this clarity has been needed by Cardano for some time. What sets us apart? This document provides answers to it.

I have personally been involved in several workshops, listening to diverse group of people submit ideas, proposals, and help shape the final outcome. Truly a Cardano community governance in action.

Cardano 2030: Vision, Mission, Strategy Framework and KPIs lays down a framework for structured approach towards governments, businesses and grassroot movements as a platform of choice.

Cardano needs to grow, and one of the things that it has been missing for a long time was stablecoins in sufficient amounts. Over the time for a number of reasons Cardano was unable to onboard USDC or USDT, which left the ecosystem hungry for solutions.

To the challenge rose Cardano native projects with innovative stablecoin solutions and with possibly better approach and technology. What is still lacking is accelerated growth and adoption of it.

In this sense, I believe we as a community can use treasury to push this through the early stages and provide deeper liquidity on DEXes and thus enabling a more vibrant ecosystem. Stablecoins are not usable just for trading but for all sorts of lending protocols, DePIN projects and other utility focused projects.

There are risks in properly executing movements of such a large amount, but the people in the committee are well known in the Cardano community as well as to be personally. Failure in execution will be visible and reputations will be tarnished forever.

I vote YES, because Cardano needs stablecoins like any other L1 ecosystem in any future scenario so lets give it a flying start and boost it with our own war chest.

It is my experience that each project needs to grow to the point the listings make sense due to strickt volume requirements and delisting penalties in failure to do so.

Spending money on this activity does not guarantee long term sustainability.