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DeltaDeFi: Hydra Trading Infrastructure Budget (₳1,500,000)

System8mo ago1 post
DReps 163SPOs 29CC 7

4 of 7 committee members voted

  • Ace Alliance71aa5b3a…8f04
    YesActive · term ends epoch 726Rationale

    Ace Alliance finds this Action Constitutional. It proactively establishes a spending framework compliant with Article II(7) standards for Treasury Withdrawals, even though "Budget" actions are not explicitly mandated by the current Constitution.

    A PDF version of this rationale is also made available.

    This Governance Action (gov_action15ce4qnwug759939wqv782pvh6qg68khspg8kh02gmex99mcsytwqqqr7jkr) is an Info Action outlining a 6-month, 1,500,000 ada plan to develop Hydra-based trading infrastructure.

    Under the Cardano Constitution in effect since Epoch 609, there is no requirement to submit a "Budget" prior to a "Treasury Withdrawal." However, we assess this as a constitutional Info Action that effectively signals community intent and proactively aligns with the standards required for the eventual withdrawal.

    Constitutional Alignment

    The action aligns with the constitutional framework:

    • Procedural Requirements (Article II(6)): The proposal follows the standardized format, provides a clear rationale, and uses an immutable ipfs:// anchor link and hash.
    • Nature of Action (Article II(7-8): While "Budget" actions are not mandatory, this Info Action is valid as it creates an on-chain record without direct enactment. Crucially, it defines terms compliant with Article II(7) for the future withdrawal:
      • Terms & Administration: It specifies the purpose, costs, and designates the DeltaDeFi Administration Committee (DAC) as the administrator.
      • Oversight: It allocates 100,000 ada for independent audits and establishes clear KPIs.
      • Custody: It explicitly states administration addresses will be delegated to the auto-abstain option and never to an SPO, adhering to strict custody rules.

    This action is Constitutional. It meets Article II(6) procedural requirements and proactively establishes a framework compliant with Article II(7) standards for Treasury Withdrawals.

  • Cardano Japan Council725d4d44…7b31
    YesExpired · term ends epoch 653Rationale

    We consider this governance action to be constitutional.

    This Governance Action is an Info Action intended to provide information regarding Hydra-based DeFi infrastructure within the Cardano ecosystem and its alignment with the Vision 2030 KPIs. It does not authorize any Treasury expenditure, enact any protocol changes, or constrain future voting decisions. As it satisfies the submission requirements set out in Article III, Section 5 of the Constitution and does not violate the Constitution or its associated guardrails, nor does it exceed the scope of an Info Action, this proposal is therefore considered constitutional. In addition, it is noteworthy that the proposer seeks to articulate, in quantitative terms, which areas of the Cardano Vision 2030 their initiative intends to contribute to, and to what extent. Looking ahead, it will be important for the community not only to evaluate such initiatives individually, but also to examine whether the aggregation of these efforts forms a structure through which the Vision can realistically be achieved as a whole.

    For the reasons stated above, we determine that it is constitutional.

  • KtorZ64f97568…3a49
    YesExpired · term ends epoch 653Rationale

    Solid budget, albeit confusing in terms of deliveries.

    The proposal is clearly positioned as a budget, makes provision for an external audit and has a clearly defined administrator over a multisig-guarded committee.

    The budget is well-articulated, and comes with relevant KPIs and rationale.

  • Tingvard646d1b3a…be43
    AbstainActive · term ends epoch 726Rationale

    Tingvard abstains from judging this governance action.

    Under the Cardano Blockchain Ecosystem Constitution, Info actions are a recognized governance action type, and the Constitutional Committee may consider proposed or contemplated actions contained within Info actions pursuant to Article III, Section 1. However, the Constitution does not assign constitutional consequences to Info actions themselves, nor does it establish enforceable constitutional requirements applicable to non binding proposals that do not seek enactment on chain.
    The mandate of the Constitutional Committee, as defined in Article III, Section 1, is to ensure that governance actions to be enacted on chain are consistent with the Constitution. This proposal does not request enactment on chain, does not authorize a Treasury Withdrawals action under Article II, Section 7, and does not present a governance action subject to constitutional enforcement. As a result, there is no constitutional standard against which this proposal can be assessed for compliance or non compliance.
    The Constitution also contains no transition provisions governing how proposals submitted under a prior governance understanding are to be treated following constitutional change. It does not provide for grandfathering, grace periods, or retroactive application rules. In the absence of such provisions, the Constitutional Committee has no authority to preserve prior expectations or to apply superseded interpretations. It must assess only whether a governance action, as presently constituted, is subject to constitutional review and enforcement.
    This abstention therefore reflects both the absence of an actionable governance decision and the absence of constitutional transition rules that would allow continued constitutional treatment of non-binding proposals submitted under earlier assumptions.

    Tingvard abstains from judging this governance action. Although Info actions are recognized by the Constitution and may be reviewed by the Constitutional Committee, this proposal does not present a governance action subject to on-chain enactment or constitutional enforcement. In the absence of constitutional standards or transition provisions applicable to non binding proposals, no constitutional determination can be made.

  • Cardano Curia84feba94…6bd5
    Not votedActive · term ends epoch 799No rationale
  • Eastern Cardano Council4a822702…3d76
    Not votedActive · term ends epoch 726No rationale
  • Phil_uplc68bb0b42…8746
    Not votedActive · term ends epoch 799No rationale