Rare Evo and Dev Gov Day 2026: Cardano Title Sponsorship
6 of 7 committee members voted
- Ace Alliance71aa5b3a…8f04YesActive · term ends epoch 726Rationale
Ace Alliance finds the proposed "Rare Evo and Dev Gov Day 2026: Cardano Title Sponsorship" Treasury Withdrawals Governance Action constitutional. Rationales are archived at https://github.com/ace-alliance/ace-voting/
A PDF version of this rationale is also made available.
"Rare Evo and Dev Gov Day 2026: Cardano Title Sponsorship" (3f4b022c9913d5...9ce4#0) is a Treasury Withdrawals Governance Action seeking 2,750,000 ada to position the Cardano ecosystem as the title sponsor of Rare Evo 2026 and Cardano Dev Gov Day 2026, two community-led conferences held July 28-31, 2026 at ARIA Las Vegas. The proposer is Rare Network, the operator of Rare Evo since 2020 and of Cardano Dev Gov Day since 2025. As a Treasury Withdrawal the action is governed by both the general proposal standards of Article II, Section 6 and the additional standards of Article II, Section 7 of the Cardano Constitution.
Article II.6's procedural standards are satisfied. The action anchors to an IPFS-hosted document with the on-chain blake2b-256 hash 0b26f47137d669af9776bf74076388d1952f8a0451bad655653b4e42dbf50c3e, a content-addressed form that is immutable once posted, and the metadata supplies the title, abstract, motivation, budget breakdown, milestone schedule with acceptance criteria, and supporting references required by II.6.2.
Article II.7 is satisfied. Under Article II.7.1, the proposal specifies the purpose (title sponsorship of two community-led conferences and associated production, livestream, and ecosystem programming), the delivery period (July 28-31, 2026 with milestone-based reporting following), the costs (a line-by-line breakdown allocating 1,166,667 ada to Cardano Dev Gov Day 2026, 833,333 ada to Rare Evo 2026 title sponsorship, and 750,000 ada to Intersect administration, audit, fees, tax withholdings, and a Dev Gov Day 2027 venue deposit), and the refund circumstances (all unused funds return to the Cardano Treasury, a force majeure clause covers event cancellation, and 20% of VIP ticket revenue is returned to the Treasury). Article II.7.2's disclosure requirement is satisfied by the proposal's identification of prior Cardano ecosystem activities including the coordination of the Project Catalyst Fund 12 launch campaign and the Amplify Cardano pilot, characterized in the proposal as partnership and coordination roles rather than as direct treasury receipts by the proposer; the constitutional requirement is disclosure, and the proposal supplies it. Article II.7.3 is satisfied because the 2,750,000 ada requested is well within the 350,000,000 ada Net Change Limit in force for the period spanning epochs 613 through 713, as the proposal itself observes.
Articles II.7.4, II.7.5, and II.7.6 are satisfied through the Intersect-administered Treasury Reserve Smart Contract pattern previously found constitutional by this Committee. Under Article II.7.5, the proposal designates Intersect as administrator, operating the Sundae-Labs-audited TRSC framework with a single Treasury Reserve Smart Contract and Project-Specific Smart Contracts. An Oversight Committee of five external, independent third-party entities provides the checks against unilateral administrative control. Under Article II.7.4, the proposal allocates audit and oversight costs within the overhead applied to the request, with an Admin and Audit Fees line item, and commits to Intersect's reporting obligations and milestone-based disbursement controls. Under Article II.7.6, the on-chain withdrawal destination is stake17xzc8pt7fgf0lc0x7eq6z7z6puhsxmzktna7dluahrj6g6ghh5qjr, which is a script-locked stake address (CIP-19 mainnet header byte 0xf1), is not delegated to any stake pool, and is delegated to the predefined always-abstain DRep at the time of submission. The destination is the same Intersect TRSC stake address that received the constitutional Treasury Withdrawals previously published by this Committee.
Ace Alliance finds the proposed "Rare Evo and Dev Gov Day 2026: Cardano Title Sponsorship" Treasury Withdrawals Governance Action constitutional.
- Cardano Curia84feba94…6bd5YesActive · term ends epoch 799Rationale
Cardano Curia finds the Rare Evo and Dev Gov Day 2026: Cardano Title Sponsorship Treasury Withdrawal governance action constitutional.
Determination
Cardano Curia finds the Rare Evo and Dev Gov Day 2026: Cardano Title Sponsorship Treasury Withdrawal governance action constitutional.
Purpose and terms
The action requests 2,750,000 ada to fund Cardano title sponsorship of Rare Evo 2026 and Cardano Dev Gov Day 2026. The stated budget covers Dev Gov Day sponsorship, Rare Evo title sponsorship, livestream and media activities, legal and audit costs, taxes and fees, and a venue deposit connected with Dev Gov Day 2027. The budget uses a stated valuation of USD 0.24 per ada.
The proposal divides delivery into two milestones. The first covers execution of Rare Dev Gov Day and Rare Evo 2026 sponsorship activities, including branding, programming, workshops, livestream integration, community access, travel support, booths and media coordination. The second covers post-event reporting and preliminary planning for Dev Gov Day 2027.
Governance action standards
The proposal provides a title, abstract, motivation, rationale, budget breakdown, work packages, milestones, acceptance criteria, administration model, audit and oversight statement, refund conditions and supporting references. Cardano Curia therefore finds that the applicable governance-action standards are satisfied.
Treasury Withdrawal requirements
The proposal identifies the purpose, amount, delivery activities and relevant costs of the withdrawal. Deliverables and acceptance criteria are connected to defined milestones.
Audit and oversight costs are included. Post-event reporting will cover participation data, ecosystem engagement, media reach, livestream analytics and overall ecosystem impact.
Intersect is designated as administrator through the Treasury Reserve Smart Contract and Project-Specific Smart Contract framework. A legal agreement is expected between Rare Network and Cardano Development Holdings, administered by Intersect. Project delivery will be monitored through Intersect's delivery-assurance function, with expected support from a third-party assurer.
The Treasury Reserve Smart Contract framework and external Oversight Committee provide auditable treasury management, controlled disbursement and final reconciliation. The proposal also establishes circumstances for the return of unused or otherwise refundable funds.
The withdrawal is denominated in ada. The proposal states that the requested amount does not, individually or in aggregate at the time of submission, breach the applicable 350,000,000 ada Net Change Limit.
Constitutional assessment
The Constitution does not restrict Treasury Withdrawals to protocol engineering, technical infrastructure or open-source software. An ecosystem event and sponsorship proposal may be constitutional where it satisfies the mandatory requirements concerning purpose, terms, costs, administration, audits, oversight, refund conditions and treasury custody.
Questions concerning whether Cardano should purchase title sponsorship, whether Rare Evo provides sufficient ecosystem value, whether travel support and event-access arrangements are appropriate, or whether the 2027 venue deposit is strategically desirable are matters of policy and value for money for DReps and ada owners. They do not establish a constitutional conflict.
The Constitutional Committee's role is limited to determining whether the action conflicts with the Constitution. Cardano Curia identifies no such conflict.
Cardano Curia finds the action constitutional. It provides a defined withdrawal purpose, stated amount, budget breakdown, milestone structure, acceptance criteria, administrator designation, audit and oversight commitments, refund conditions and Net Change Limit alignment.
- Tingvard646d1b3a…be43YesActive · term ends epoch 726Rationale
Tingvard judges the “Rare Evo and Dev Gov Day 2026: Cardano Title Sponsorship” governance action constitutional.
This governance action is properly framed as a Treasury Withdrawals action and must therefore be assessed under Article II, Section 6 and Article II, Section 7 of the Constitution, together with the applicable treasury guardrails in Appendix I.
The proposal satisfies Article II, Section 6, §1 by presenting the governance action in a standardized and legible format with supporting references, including the proposal PDF and related event materials. The proposal also satisfies Article II, Section 6, §2 by including a title, abstract, motivation, rationale, budget breakdown, work package, milestones, acceptance criteria, administration model, audit and oversight statement, refund conditions, and supporting references.
The action satisfies Article II, Section 7, §1 by specifying the terms of the withdrawal. The proposal identifies the purpose as funding Cardano title sponsorship of Rare Evo 2026 and Cardano Dev Gov Day 2026. It specifies the requested amount as 2,750,000 ada, provides a budget basis using a 0.24 USD per ada valuation, and divides the budget across Dev Gov Day sponsorship, Rare Evo title sponsorship, livestream and media sponsorship, legal, audit, taxes, fees, and a Dev Gov Day 2027 venue deposit.
The proposal provides deliverables and acceptance criteria through two milestones. The first milestone covers execution of Rare Dev Gov Day and Rare Evo 2026 sponsorship activations, including branding, programming, workshops, livestream integration, community access, travel support, booths, and media coordination. The second milestone covers post-event reporting and preliminary planning for Dev Gov Day 2027.
The action satisfies Article II, Section 7, §2 by disclosing the relevant proposer and administrator structure. The submitted metadata does not indicate prior treasury receipts by Rare Network within the relevant disclosure section.
The action satisfies Article II, Section 7, §3 and TREASURY-02a by stating that the requested amount does not, at the time of submission, on its own or in aggregate, breach the applicable 350M Net Change Limit covering Epoch 613 to Epoch 713. It also satisfies TREASURY-03a because the withdrawal is denominated in ada.
The action satisfies Article II, Section 7, §4 by including audit and oversight costs within the proposal and by describing oversight through Intersect, reporting obligations, milestone-based disbursement controls, and final reconciliation. The proposal also includes post-event reporting covering participation data, ecosystem engagement metrics, media reach, livestream analytics, and overall ecosystem impact.
The action satisfies Article II, Section 7, §5 by designating Intersect as administrator through the Treasury Reserve Smart Contract and Project-Specific Smart Contract framework. The proposal states that a legal contract will be created between Rare Network and Cardano Development Holdings, administered by Intersect, and that project delivery will be monitored through Intersect’s delivery assurance function with expected support from a third-party assurer.
The action satisfies Article II, Section 7, §6 by stating that Intersect will use the Treasury Reserve Smart Contract framework and the confirmed treasury reserve contract address. The described framework provides auditable treasury management and oversight through Intersect and the external Oversight Committee.
Tingvard therefore finds that the proposal satisfies the applicable constitutional requirements for a Treasury Withdrawals action.
Tingvard finds this governance action constitutional.
The proposal satisfies Article II, Section 6 and Article II, Section 7 by providing a clear withdrawal purpose, stated amount, budget breakdown, milestone structure, acceptance criteria, administrator designation, audit and oversight commitments, refund conditions, and Net Change Limit alignment.
- Cardano Japan Council725d4d44…7b31NoExpired · term ends epoch 653Rationale
We consider this governance action to be unconstitutional.
This proposal is a Treasury Withdrawal Governance Action to withdraw ₳2,750,000 from the Cardano Treasury for the “Rare Evo and Dev Gov Day 2026: Cardano Title Sponsorship” project by Rare Network. Regarding Article 2, Section 6, Paragraphs 1 and 2 of the Cardano Constitution, this proposal adopts an immutable off-chain reference using IPFS. Furthermore, the proposal text includes an overview, rationale, budget breakdown, milestones, contract management, audit and oversight arrangements, and refund conditions, thereby providing information sufficient for evaluation as a Governance Action. Regarding Article 2, Section 7, Paragraph 1 of the Cardano Constitution, this proposal aims to deliver Rare Evo 2026 and Cardano Dev Gov Day 2026. The proposal includes the implementation period, cost breakdown, milestones, and conditions for the return of unused funds. Regarding Article 2, Section 7, Paragraph 3, the requested amount of ₳2,750,000 falls within the 350M ADA Net Change Limit applicable to Epochs 613–713 at the time of submission. Regarding Article 2, Section 7, Paragraph 4, this proposal includes an allocation of ₳166,666.67 for “Admin & Audit Fees.” The proposal also states that audit and oversight costs are included within its indirect costs. Regarding Article 2, Section 7, Paragraph 5, this proposal describes a framework under which Intersect is responsible for treasury administration and oversight of project progress. Furthermore, regarding Article 2, Section 7, Paragraph 6, this proposal adopts the treasury management smart contract framework developed by Sundae Labs and describes a separated account structure utilizing the Treasury Reserve Smart Contract (TRSC) and Project-Specific Smart Contracts (PSSC) managed by Intersect. The proposal also describes an oversight framework involving an independent Oversight Committee. Since the TRSC and PSSC are intended to operate under a fund management structure in which funds cannot be delegated to an SPO and are instead delegated to the predefined abstain voting option, we determine that the proposal is intended to align with the requirements relating to “one or more separate accounts that can be audited by the Cardano Community,” “not be delegated to an SPO,” and “must be delegated to the predefined abstain voting option.” However, Article 2, Section 7, Paragraph 2 of the Cardano Constitution requires prospective recipients of Treasury Withdrawals to disclose whether they have received ADA from the Cardano Treasury within the past 24 months. Based on our review of this proposal, we were unable to confirm any explicit disclosure regarding whether Rare Network has received ADA from the Cardano Treasury within the past 24 months. We interpret Article 2, Section 7, Paragraph 2 as requiring explicit disclosure even when no such Treasury funding has been received. We have also confirmed examples in other Treasury Withdrawal proposals where it is explicitly stated that no Treasury funding has been received within the previous 24 months. Therefore, we cannot confirm that this proposal satisfies the disclosure requirement under Article 2, Section 7, Paragraph 2 of the Cardano Constitution. Accordingly, we determine that this proposal is unconstitutional.
For the reasons stated above, we determine that it is unconstitutional.
- Eastern Cardano Council2ea7a78e…10ecNoActive · term ends epoch 726Rationale
We have determined that this treasury withdrawal governance action is unconstitutional.
The governance action with ID “gov_action18a9...27e7ey” and title “Rare Evo and Dev Gov Day 2026: Cardano Title Sponsorship” is a Treasury Withdrawal, so is subject to ARTICLE II, Section 7 of the Cardano Constitution. While most of the requirements under this section were met by this governance action, it did not fulfil the requirement under ARTICLE II, Section 7(2).
ARTICLE II, Section 7(2) states "Treasury Withdrawals actions shall disclose whether the prospective recipient of the Treasury Withdrawals action has received ada from the Cardano Treasury within the last 24 months."
This governance action does NOT provide any information about whether the prospective recipient has received ada from the Treasury within the last 24 months.
We therefore find this governance action Unconstitutional.
This governance action does not sufficiently fulfil the criteria specified for treasury withdrawals in the Cardano Constitution, so is deemed unconstitutional.
- KtorZ64f97568…3a49NoExpired · term ends epoch 653Rationale
Too many flaws
While the proposal is generally well structured, I am not convinced that it demonstrates compliance with several mandatory provisions of Article II:
First, the proposal does not clearly disclose previous funding received within the preceding 24 months as required by Article II - Section 7.2. Publicly available information indicates that Rare Network has been the recipient of Catalyst funding during that period (https://projectcatalyst.io/funds/14/cardano-open-ecosystem/catalyst-funded-cardano-startup-booths-at-rare-evo-2026, https://projectcatalyst.io/funds/14/cardano-use-cases-concepts/cardano-nft-ticketing-and-conference-goer-platform-by-rare-evo), yet the proposal contains no explicit disclosure of previous funding or a statement that none has been received. Only a mention of Catalyst Fund 12. This disclosure requirement is objective and should not require reviewers to reconstruct the funding history independently.
Second, the rationale around Article II - Section 7.4 is weak. The proposal refers to milestone assurance, Intersect oversight, and third-party validation, but it does not establish a framework for periodic independent financial audits. The Constitution requires provisions for such audits, and milestone acceptance is not, in my view, an adequate substitute.
Finally, although not a standalone constitutional deficiency, I note that the proposal's referenced supporting material was no longer retrievable from IPFS during review, preventing independent verification of parts of the proposal. While the Constitution requires immutable rather than permanently available storage (a.k.a immortality), this materially hindered constitutional review.
For all these reasons (but really the first), I do not consider the proposal to demonstrate enough compliance with the constitution.
- Phil_uplc68bb0b42…8746Not votedActive · term ends epoch 799No rationale