Cardano Builder DAO

On-chain governance action (Treasury Withdrawals).

The Cardano Builder DAO is an ecosystem-wide, purpose-built, smart contract-governed funding mechanism to support projects advancing Cardano’s Vision 2030 through measurable ecosystem KPIs. Its role is to allocate capital to builders who can drive growth in the metrics that matter most to Cardano’s long-term success, including monthly active users, monthly on-chain transactions, and TVL.

• Proposer return address: stake1uymdrk3whg82qfvwcw2avzy9zud95sx3w0sfyfsr5td445ccujqn6
• Deposit: 100,000 ₳
• Submitted: epoch 639
• Expires: epoch 646

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I do not believe BuilderDAO is the best way of supporting projects and it is ripe for collusion and fraud with its small size, and overlap among organizations and relationships.

However, management of ecosystem members by guilds has a long and storied past as a way to make sure that promising members survive and thrive. Cardano must offer a path to surviving for those who build on it, especially when the economics are hard. The guild model is much more fit for purpose to support builders than the DRep vote on direct treasury withdrawals by non-negotiated vendor priced single-bid proposals.

Thus, between our two functioning models - BuilderDAO is a better choice to deal with funds than the current DRep process. Thus, I support it and what I consider its modest and justifiable ask.