Tweag wins funding with a smaller, one-year proposal

Tweag’s second try

Tweag Core Cardano Infrastructure: Treasury Withdrawal 2026 to 2027 took ₳18.3M at the boundary to epoch 641, on 70.1% of DRep power, 116 yes votes, 20 no and 9 abstain. The shares in this edition are the yes power as a share of all counted power, with abstaining power left out and power that cast no ballot counted as no. A first request from the same team, over two years and for more than twice the sum, had expired in epoch 635 with almost nothing behind it, as the review of epochs 633 to 635 records. That request listed seventeen work packages. The second keeps three: the first release of a faster finality mechanism, cutting the time before a transaction can be treated as settled from roughly twelve minutes to about two, nodes that run without the whole chain history, and conformance testing for both.

The voters said what had changed. The Cardano Foundation, which had voted no on the first version, wrote that the proposer “addressed much of our previous feedback by halving the timeline, unbundling the scope, and detailing the budget”, while “concerns relating to prior funding remain”. The Eternl DRep Committee, also a no the first time, wrote “Yes to Peras in this new slimmed-down proposal”. YUTA wrote that at Cardano’s current transaction volume the benefits of faster finality “may be more immediately tangible” than those of the throughput upgrade. Yoroi W₳llet wrote that the deployment is overdue.

₳33M for integrations and farms

Cardano Critical Integrations V2 took ₳23M at the boundary to epoch 639, the second tranche of the integration fund for stablecoins, custody, analytics, bridges and oracles that an earlier edition describes, on 69.2%. Yoroi wrote that “maintenance of live infrastructure is not optional”: the integrations of the first budget carry recurring licensing and operational costs.

5am.earth Trust Layer Targeting Vision 2030 KPIs took ₳10M at the boundary to epoch 640 on 70.6%, 119 yes votes, 55 no and 27 abstain. It builds a record on Cardano that agricultural supply chains can be checked against: identity credentials that farmers control themselves, plus satellite data about farms and crops written on chain. EMURGO voted yes because the infrastructure “is already operational on Cardano Mainnet”, with 10,500 farmers and farms registered as of May 2026 at 500 a day. YUTA changed its vote to abstain, writing that “a smaller pilot test would be the wiser first step” but that the team was working seriously on real transactions. Sebastien Guillemot セバ abstained too, writing that he generally does not vote on commercial projects but considers this a serious team. None of the three payments passed comfortably: 69.2%, 70.1% and 70.6% against the 67% required.

Rare Evo’s sponsorship request expires

Rare Evo asked for ₳2.75M to make Cardano the title sponsor of a conference and of a governance day held ahead of it, with a fifth of premium ticket sales promised back to the treasury, and reached 36.3%. The committee split three yes against three no, short of its two thirds. KtorZ wrote that the proposal “does not clearly disclose previous funding received within the preceding 24 months”, which the constitution requires. On the DRep side YUTA voted no because it “couldn’t glean any information about past ecosystem outcomes” from the proposal, Yoroi, EMURGO and the Cardano Foundation voted yes on the event’s track record, and the Eternl DRep Committee abstained as “neither for or against”.

Delegation to DReps falls ₳211M

The power delegated to DReps fell from ₳5.56B at epoch 639 to ₳5.35B at epoch 641, and the count of DReps holding any of it from 892 to 883. These figures alone do not show why. A move of stake from one DRep to another can explain an individual loss, but does not reduce the total. The steepest single falls are measured across epochs 638 to 641. Over that span Yoroi went from ₳687.3M to ₳592.3M and YUTA from ₳477.8M to ₳428.5M. One DRep that had held ₳66.0M ended the span with no delegation while remaining registered, and another with ₳38.4M deregistered.

DReps cast 420 ballots in epoch 639, 549 in epoch 640 and 636 in epoch 641, and 156 distinct DReps cast a final ballot across the window, out of 883 holding power at its close. In the window eighteen requests were open for a vote.

Hydra and the committee size vote, as of the close of epoch 641

Two actions had their deadline at the boundary to epoch 642, and stand here as of the close of epoch 641. Hydra, ₳5.1M to harden a layer two that settles batches of transactions off the main chain, stood at 74.3%. Reduce the committeeMinSize parameter from 7 to 5 stood at 80.1% against the 75% it needs, a second attempt whose text ties its own ratification to the cost model change of the review of epochs 636 to 638.

On Hydra, as of the close of epoch 641, YUTA had voted yes, writing that its development “hasn’t seemed to go smoothly” historically but that the current team appeared to be improving. Yoroi abstained with a new wording: it was withholding its vote “in light of the current situation” and would reassess “once conditions allow for a considered decision”. EMURGO abstained with a text of its own to the same effect, that it would “withhold judgment” until the situation was resolved. Both texts, recorded here after the fact, reappear on the abstentions the two DReps cast in the windows that followed.