2025 Net Change Limit Extension
220 DReps voted · 65 with a rationale
Open a row to read the rationale.
- Yes 16.7M ₳ Rationale
We voted Yes because this proposal simply extends the existing Net Change Limit by eight epochs to prevent a governance and treasury deadlock. Without this extension, any Treasury Withdrawal ratified in Epoch 604 could not be enacted due to the NCL expiring before funds could be released. This action does not increase spending, change the cap, or alter any treasury rules - it only ensures continuity, constitutional compliance, and uninterrupted functioning of the treasury. Supporting this extension is necessary for stable governance operations.
- Yes 16.4M ₳ No rationale
- Yes 14.2M ₳ No rationale
- Yes 14.1M ₳ No rationale
- Yes 12.2M ₳ Rationale
While there were valid reasons for us to consider declining this proposal, one critical factor prevented us from voting no. The governance action seeks to correct a timeline inconsistency in the original 350M ADA Net Change Limit proposal, where the stated end date did not fully align with the epoch-based mechanics of treasury withdrawals. Addressing this mismatch is necessary to ensure that previously approved spending decisions are not rendered invalid due to a procedural oversight rather than substantive governance intent.
We also acknowledge our shared responsibility in this outcome. As DReps and members of the broader governance process, including the Constitutional Committee, this discrepancy was not identified or challenged during the review of the original NCL proposal. That oversight contributed directly to the need for this corrective action. Recognising this context, we view the extension not as an expansion of authority, but as a practical adjustment to restore coherence between the original decision and how treasury governance operates in practice.
- Yes 11.3M ₳ No rationale
- Yes 11.1M ₳ No rationale
- Yes 11M ₳ No rationale
- Yes 10.8M ₳ No rationale
- Yes 10.5M ₳ No rationale
- Yes 8.8M ₳ Rationale
本提案は、現行のNCLが期限を迎えた際に財務運用が中断してしまうことを避けるための、必要最小限の暫定的な延長措置であると理解しています。今回の延長は、設定済みの上限額や条件を変えるものではなく、既存の枠組みをそのまま維持するものです。財務運用を円滑に継続するためにも、私は本提案に賛成します。\n\nI understand that this proposal is a minimal and temporary extension intended to prevent a disruption in treasury operations when the current NCL reaches its expiration. This extension does not modify the established limits or conditions, but simply maintains the existing framework as it is. To ensure smooth continuity of treasury management, I vote Yes on this proposal.
- Yes 8.1M ₳ No rationale
- Yes 7.8M ₳ No rationale
- Yes 7.8M ₳ No rationale
- Yes 7.3M ₳ No rationale
- Yes 7.1M ₳ Rationale
This motion aligns with my original preference, which was to have a longer-lasting NCL. This would mean that the treasury withdrawals would be prolonged - and a new NCL would be approved later, rather than sooner. This motion does not increase the NCL, so it is OK with me.
- Yes 6.2M ₳ No rationale
- Yes 6M ₳ Rationale
This proposal is pretty self explanatory. It doesn't seek to increase the NCL - just extend the time limit for which this one is valid for. Due to a couple of upcoming proposals reliant on being valid for the existing 2025 NCL, an extension may likely be needed for all the governance proposals to take place successfully within the time frame allowed due to epoch boundaries. This doesn't introduce any additional real risk to over expenditure and maintains the existing total of 350M. My vote will be YES here, and coincides in support of a recently submitted BIA for Cardano Integrations and an expected TWA in the coming days.
- Yes 5.5M ₳ No rationale
- Yes 5.3M ₳ Rationale
Voting yes as I'm in support of CCIP info action.
- Yes 5.3M ₳ No rationale
- Yes 4.8M ₳ No rationale
- Yes 4.8M ₳ No rationale
- Yes 4.6M ₳ No rationale
- Yes 4.6M ₳ Rationale
Required for previous withdrawal approved
- Yes 4.5M ₳ No rationale
- Yes 4.4M ₳ No rationale
- Yes 4.2M ₳ Rationale
[Portuguese]
Optamos por votar "SIM" nesta ação de governança (gov_action169kllwhfmp488je5x5rwvufd08p8sztdcf0ghf5sp6ey2gnjdwaqql47xry), pois a prorrogação do NCL atual por mais 8 épocas permitirá que a ação de saque do tesouro “Cardano Critical Integrations Budget” seja analisada em tempo hábil e, se aprovada, utilize os recursos ainda disponíveis e não empregados no NCL vigente. Essa extensão é de fundamental importância para garantir a continuidade dos processos de governança sem interrupções, assegurando o cumprimento das determinações constitucionais e mantendo o ritmo natural de amadurecimento da governança on-chain.
[English]
We chose to vote "YES" on this governance action (gov_action169kllwhfmp488je5x5rwvufd08p8sztdcf0ghf5sp6ey2gnjdwaqql47xry), because extending the current NCL by 8 epochs will allow the “Cardano Critical Integrations Budget” treasury withdrawal action to be reviewed in time and, if approved, make use of the remaining unspent funds from the current NCL. This extension is of critical importance to ensure that governance processes continue without disruption, in line with constitutional provisions, and to maintain the natural progress and maturity of Cardano’s on-chain governance. - Yes 4.2M ₳ Rationale
We dont need anymore disruptions to our progress. I vote yes.
- Yes 4.2M ₳ Rationale
It makes sense.
Strength and honor.
- Yes 4M ₳ No rationale
- Yes 3.8M ₳ Rationale
This appears to me to be a rational change for a temporary real-world problem dealing with the vagaries of governance.
- Yes 3.7M ₳ No rationale
- No 3M ₳ No rationale
- Yes 2.8M ₳ Rationale
The rationale behind extending the Net Change Limit duration is valid. It does not change the spend amount of NCL, and it makes sense to approve this action.
- Yes 2.7M ₳ No rationale
- Yes 2.7M ₳ No rationale
- Yes 2.5M ₳ No rationale
- No 2.5M ₳ Rationale
I do not agree with setting a precedent that we will just change the financial calendar any time we want to squeeze money out of the NCL. The world will not end if this goes through in Jan/Feb. Also market wise, we may get better prices in a bear market. Delaying may get us better deals. These acrobatics are too stressful.
- Yes 2.5M ₳ Rationale
この提案は、新たな支出を増やすものではありません。
内容は、既にコミュニティで合意された 2025 年度の Net Change Limit（NCL）を、Cardano 憲法に沿ってそのまま延長するという、技術的かつ憲法上必須の措置です。
NCLが期限切れになると、Cardano Treasury は憲法上、いかなる支払いも承認できなくなり、予算執行が停止します。
したがって、この延長は財政規律を緩めるものではなく、Cardano の健全な財政ガバナンスを継続するための最低限のガードレール維持です。以上を踏まえ、私は本提案に Yes を投じます。
This proposal does not increase spending.
It simply extends the previously agreed 2025 Net Change Limit (NCL) in order to maintain constitutional compliance. This is a technical and constitutionally required safeguard, not a request for additional treasury withdrawals.
If the NCL expires, the Cardano Treasury would become unable to authorize any payments, resulting in a halt in budget execution.
Therefore, this extension does not relax fiscal discipline; it merely preserves the essential guardrails required for stable and continuous treasury governance.
Based on this reasoning, I cast a Yes vote for this proposal. - Yes 2.4M ₳ No rationale
- Yes 2.4M ₳ No rationale
- Yes 2.3M ₳ No rationale
- Yes 2.1M ₳ No rationale
- Yes 2.1M ₳ No rationale
- Yes 2.1M ₳ No rationale
- Yes 2.1M ₳ No rationale
- Yes 2M ₳ No rationale
- Yes 1.9M ₳ No rationale
- Yes 1.8M ₳ Rationale
Voting Yes. This does not change the ₳350M NCL cap; it simply extends the clock by eight epochs so existing treasury actions (including the Critical Integrations proposal) are not derailed by epoch timing. With CC changes and proposals in progress, this avoids unnecessary disruption until the next NCL is put in place.