Approve Cardano Foundation as New Managing Entity of Project Catalyst
24 SPOs voted · 2 with a rationale · 1 re-voted unchanged
Open a row to read the rationale.
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I vote YES on the Info Action titled “Approve Cardano Foundation as New Managing Entity of Project Catalyst” (b518efa4665939...4a1e#0).
This action appears to seek approval for a transfer of stewardship of the current Catalyst programme from IOG to the Cardano Foundation (CF). Where the CF will ensure the continuity of operations pertaining to ongoing Funds 10-14, while ensuring the returning of funds allocated for Funds 15-16 to the Treasury.
It does not outline any future plans for the future of the Catalyst programme or any potential replacements at this stage. It simply seeks to ensure that the administration of in-flight proposals is handled correctly while returning Treasury Withdrawals intended for the administration of uninitiated Funds 15 and 16 to the Treasury. I believe this to be the correct move in this instance as the Cardano community voted for IOG to run Catalyst in 2025 and not the CF and so returning the funds while attempting to form any kind of replacement programme proposal for the 2026 budget cycle seems prudent. Ensuring that those funding rounds that are already in in-flight are able to be administered to their rightful conclusions also appears to be the professional thing to do in this situation.
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Earlier votes
Yes5mo agoSuperseded
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- YesRationale
While Catalyst has been in a bumpy state lately, the Cardano Foundation is in a position to manage the fund in a responsible and positive direction. Arguably there is great need for funding, especially to our builders. I'm voting yes on this in hope of a positive outcome.
A PDF version of this rationale is also made available.
While Catalyst has been in a bumpy state lately, the Cardano Foundation is in a position to manage the fund in a responsible and positive direction. Arguably there is great need for funding, especially to our builders.
This transition of power is facilitated by IOG releasing stewardship, signaling they support the Cardano Foundation as the new guardian of the program. This is encouraging for multiple reasons.
I'm voting yes on this in faith of a positive outcome.
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