Se7en Labs: Daedalus Wallet Maintenance and Improvements 2026-2027
6 of 7 committee members voted
- 68bb0b42…874668bb0b42…8746YesActive · term ends epoch 653No rationale
- Ace Alliance71aa5b3a…8f04YesActive · term ends epoch 726Rationale
Ace Alliance finds the proposed "Se7en Labs: Daedalus Wallet Maintenance and Improvements 2026-2027" Treasury Withdrawals Governance Action constitutional. Rationales are archived at https://github.com/ace-alliance/ace-voting/
"Se7en Labs: Daedalus Wallet Maintenance and Improvements 2026-2027" (gov_action1mr0...4yjd6j) is a Treasury Withdrawals Governance Action and is therefore governed by both the general proposal standards in Article II, Section 6 and the additional Treasury Withdrawal standards in Article II, Section 7 of the Cardano Constitution. The TWGA seeks to withdraw 1,785,333 ada from the Cardano Treasury to fund a twelve-month time and materials engagement covering maintenance and development of Daedalus, Cardano's only full-node desktop wallet, delivered by Se7en Labs, Inc. Funds are directed into Intersect's 2026 Treasury Reserve Smart Contract and administered by Intersect on behalf of the recipient, with monthly disbursement against verified work.
We note at the outset that this proposal is IOG-adjacent. Daedalus originated as IOG's flagship full-node wallet, Se7en Labs assumed responsibility for its maintenance under an IOG contract in January 2026, and IOG continues to provide binary signing for official releases through the funding transition. We flag this connection once and apply the same constitutional scrutiny we would apply to any proposer, deferring to no party's preferred position. Our review is confined to constitutionality; the merits of funding Daedalus, the size of the ask, and the value of the deliverables are policy questions reserved to DReps and the wider Community.
The procedural standards of Article II.6 are satisfied. Article II.6.1 (Immutable Anchored Document). The proposal anchors to an IPFS-hosted metadata document with the on-chain blake2b-256 hash d53fb4d05888001d60d03f5bca438f9cff434c441a9743d5ba898c3a17464c45, a content-addressed form that is immutable and incapable of being altered after submission. Article II.6.2 (Sufficient Rationale). The metadata supplies the title, abstract, motivation, itemized budget, milestone roadmap with acceptance criteria, risk register, and supporting references that Article II.6.2 requires.
The substantive Article II.7 requirements are met. Article II.7.1 (Terms of the Withdrawal). The proposal specifies the purpose (protocol maintenance, hard fork readiness, hardware wallet support, a CIP-30 dApp connector, localisation, user support, and an architecture assessment for Daedalus), the delivery period (a twelve-month contract structured across seven milestones each with duration and acceptance criteria), the itemized costs (1,666,667 ada labor, 33,333 ada test hardware, 33,333 ada financial audit, and a 52,000 ada Intersect administration fee, totaling 1,785,333 ada), and the refund circumstances (any unspent labor, hardware, or audit budget is returned to the Treasury at contract close, and as a time and materials engagement funds are disbursed monthly against verified work rather than in advance).
Article II.7.2 (Prior Treasury Disclosure). The proposal discloses that Se7en Labs has not received ada from the Cardano Treasury within the last 24 months, and further discloses that the team has operated under a direct IOG contract for Daedalus maintenance since January 2026, closing August 31, 2026. This satisfies the disclosure obligation of Article II.7.2.
Article II.7.3 (Net Change Limit). A Net Change Limit of 350,000,000 ada is in force for the period spanning epochs 613 through 713, and it operates cumulatively: after the withdrawals already enacted this period, 14,389,704 ada of headroom remains, which is less than the Treasury Withdrawals expiring at the end of epoch 646 collectively request. For this governance action, Ace Alliance examined the amount of DRep delegated stake it has attracted, in accordance with the method announced in advance in our published voting statement (ipfs://QmdLDoTQ1hnZFTeTfAnq5V4BNchCFPNqfXSZVX5cVQzRFM): six hours before the end of epoch 645 we assess DRep support and vote constitutional on the actions that have received the requisite level of delegated stake for enactment, in order of submission, until the remaining headroom is exhausted. However, having assessed the three governance actions in line with that statement, we have determined that it is exceedingly unlikely that all three will be enacted and result in exceeding the Net Change Limit. We therefore find this governance action constitutional under Article II.7.3, satisfying guardrails TREASURY-01a and TREASURY-02a, and leave it to the DReps to make the final decision on which governance actions should pass. The withdrawal is denominated in ada, satisfying TREASURY-03a.
Article II.7.4 (Audit and Oversight Allocation). The proposal dedicates a 33,333 ada budget line described as an "Independent financial audit of funds received and expended under this proposal," and provides for oversight metrics through Intersect's independent milestone verification, milestone-based disbursement controls, and a public on-chain dashboard at treasury.sundae.fi through which the Community can audit both the reserve and project-specific contracts. Both objects that Article II.7.4 names, the cost of periodic independent audits and the implementation of oversight metrics as to the use of the withdrawn ada, are therefore funded and described, satisfying the provision.
Article II.7.5 (Administrator). The proposal designates Intersect as administrator and independent milestone verifier, expressly invoking Article II.7.5, responsible for monitoring how the funds are used, independently confirming that acceptance criteria are met, and authorizing disbursements. A six-member external Oversight Committee (Sundae Labs, Cardano Foundation, Dquadrant, NMKR, Sundial, and Eternl) provides additional checks on Intersect's administrative actions. The administrator is a party distinct from the recipient, satisfying Article II.7.5.
Article II.7.6 (Auditable Accounts and Delegation). Funds are held by Intersect in the 2026 Treasury Reserve Smart Contract and Project-Specific Smart Contract prior to disbursement. The proposal commits that all TRSC and PSSC instances cannot be staked with an SPO and are delegated to the auto-abstain predefined DRep, and that the contracts are auditable by the Community through the on-chain dashboard. This satisfies each element of Article II.7.6.
Appendix I (Guardrails). The only guardrail group engaged is Appendix I.3 on Treasury Withdrawals (TREASURY-01a, 02a, 03a), addressed above. The Parameter Update, Hard Fork Initiation, Update Committee, New Constitution, No Confidence, and Info guardrail groups are not engaged by a Treasury Withdrawals action.
Ace Alliance finds the proposed "Se7en Labs: Daedalus Wallet Maintenance and Improvements 2026-2027" Treasury Withdrawals Governance Action constitutional.
- Cardano Japan Council725d4d44…7b31YesActive · term ends epoch 653Rationale
We consider this governance action to be constitutional.
This proposal is a Treasury Withdrawal Governance Action to withdraw ₳1,785,333 from the Cardano Treasury in connection with "Se7en Labs: Daedalus Wallet Maintenance and Improvements 2026-2027" by Se7en Labs, Inc. This proposal refers to the proposal document on IPFS and presents the proposal's title, summary, rationale, justification, and related supporting materials. These comply with the requirements of Article 2, Section 6, Paragraphs 1 and 2 of the Cardano Constitution. Regarding Article 2, Section 7, Paragraph 1, this proposal aims to ensure the ongoing maintenance and improvement of Daedalus and outlines the work to be performed throughout the contract year, as well as the timeframes for achieving each milestone. Furthermore, it provides a breakdown of expenses, including ₳1,666,667 for team costs, ₳33,333 for testing hardware, ₳33,333 for financial audit fees, and ₳52,000 for Intersect budget management fees, and states that any unused personnel, hardware, and audit budgets will be returned to the Cardano Treasury. Regarding Article 2, Section 7, Paragraph 2, Se7en Labs discloses that it has not received ADA from the Cardano Treasury within the past 24 months. Regarding Article 2, Section 7, Paragraph 3, the proposal confirms that the requested amount of ₳1,785,333 falls within the applicable Net Change Limit. Regarding Article 2, Section 7, Paragraph 4, this proposal includes ₳33,333 for independent financial audit fees covering funds received and expended. It also outlines independent oversight by Intersect and a third party with technical expertise, reporting obligations, milestone-based expenditure management, and a dashboard to track metrics related to the ADA withdrawn. Regarding Article 2, Section 7, Paragraph 5, Intersect is designated as the administrator and independent milestone verifier, responsible for monitoring fund usage, independently verifying the fulfillment of acceptance criteria, and approving payments. Regarding Article 2, Section 7, Paragraph 6, this proposal states that funds received from the Treasury Withdrawal will be held by Intersect in a dedicated account auditable by the Cardano Community prior to monthly disbursement to Se7en Labs. It also outlines the mechanism for fund management and transfer through the Treasury Reserve Smart Contract and the Project-Specific Smart Contract. Furthermore, the proposal provides for community auditing, metric tracking, and on-chain verifiability, and specifies that these smart contracts will not be staked with an SPO but will instead be delegated to the predefined abstention voting option. Therefore, as no clear conflict with the Cardano Constitution has been identified, this proposal is deemed constitutional.
For the reasons stated above, we determine that it is constitutional.
- Eastern Cardano Council2ea7a78e…10ecYesActive · term ends epoch 726Rationale
We have determined that this treasury withdrawal governance action is constitutional.
The governance action with ID "gov_action1mr0...4yjd6j" and title "Se7en Labs: Daedalus Wallet Maintenance and Improvements 2026-2027" is a Treasury Withdrawal, and is therefore subject to the following sections and guardrails in the Cardano Constitution.
ARTICLE II, Section 6 of the Cardano Constitution states that governance actions must follow a standardized and legible format, including a URL hosting an immutable document and a corresponding hash, and must provide sufficient rationale including a title, abstract, justification, and supporting materials.
This governance action includes a valid URL and hash, which matches the hash of the off-chain documentation referenced. The rationale also meets the minimum content specified in this section.
ARTICLE II, Section 7 specifies that Treasury Withdrawal governance actions must include the following:
1. Purpose, Delivery Period, Costs, and Refund Conditions
This governance action specifies:
- The purpose of the withdrawal as "This Treasury Withdrawal funds Daedalus Wallet Maintenance and Improvements 2026–2027, delivered by Se7en Labs, Inc."
- The period for delivery of proposed activities as "2026–2027".
- The relevant costs and expenses in the "Budget Summary" section.
- The circumstances under which funds may be refunded to the Cardano Treasury as "Any unspent labor budget at contract close is returned to the treasury. Any unspent hardware budget is returned to the treasury. Any unspent audit budget is returned to the treasury."
These elements fulfil the requirements of Article II, Section 7(1).
2. Prior Treasury Funding Disclosure
ARTICLE II, Section 7(2) requires disclosure of whether the prospective recipient has received ada from the Cardano Treasury within the last 24 months.
This governance action states that "Se7en Labs has not received ada from the Cardano Treasury within the last 24 months. The team has operated under a direct IOG contract for Daedalus maintenance since January 2026, closing August 31, 2026.". This fulfils the requirement of ARTICLE II, Section 7(2).
3. Net Change Limit (NCL)
ARTICLE II, Section 7(3) requires that Treasury Withdrawals must not exceed the Net Change Limit.
The Net Change Limit in effect at the time of submission of this vote on-chain is the governance action with ID "gov_action1m3x...4jsr7q".
- A. Current NCL Amount: 350000000 ada
- B. Current NCL Time Period: Epoch 613 to Epoch 713 (Inclusive)
- C. Total of Treasury Withdrawals within the Current NCL Time Period: 302733167 ada
- D. Amount of this Treasury Withdrawal: 1785333 ada
- E. "C" plus "D" = 304518500 ada
- F. "A" minus "E" = 45481500 ada
As the value of "F" is greater than or equal to zero, this governance action fulfils the NCL requirement.
4. Audit Allocation and Oversight Metrics
ARTICLE II, Section 7(4) states "Treasury Withdrawals actions shall require an allocation of ada as a part of such funding request to cover the cost of periodic independent audits and the implementation of oversight metrics as to the use of such ada."
This governance action states that "Audit and oversight costs are included within the overhead applied to this proposal. The Intersect administration fee covers administrative oversight and is reflected within the cost of this proposal. Independent oversight will be provided through Intersect and technically capable third-party, including reporting obligations and milestone-based disbursement controls." It also allocates 33,333 ADA for a "Financial Audit". These fulfil the requirements of ARTICLE II, Section 7(4).
5. Designated Administrators
ARTICLE II, Section 7(5) requires that one or more administrators are designated to monitor fund usage and ensure deliverables are achieved.
This governance action states that "Intersect serves as the administrator and independent milestone verifier for this proposal", which fulfils this requirement.
6. Fund Management Requirements
ARTICLE II, Section 7(6) states "Any ada received from a Cardano Blockchain treasury withdrawal, so long as such ada is being held by an administrator prior to further disbursement to the Treasury Withdrawal Recipient, must be kept in one or more separate accounts that can be audited by the Cardano Community, and such accounts shall not be delegated to an SPO but must be delegated to the predefined abstain voting option."
This governance action specifies the following withdrawal address, which at the time of assessment is not delegated to an SPO and is delegated to the auto abstain voting option:
- stake1784sdxt6jjennmstphgdu7l7c2scf5d02a6cve2dgn5s2kq5u3j9v
Finally, the guardrails that require consideration for this governance action are TREASURY-01a, TREASURY-02a, and TREASURY-03a. These are addressed as follows:
- TREASURY-01a - The net change limit with governance action ID "gov_action1m3x...4jsr7q" is currently in effect, after being "agreed by the DReps via an on-chain governance action with a threshold of greater than 50% of the active voting stake".
- TREASURY-02a - As per the above assessment, this treasury withdrawal does not exceed the current Net Change Limit.
- TREASURY-03a - This treasury withdrawal is denominated in ada.
We therefore find this governance action Constitutional.
This governance action sufficiently fulfils the criteria specified for treasury withdrawals in the Cardano Constitution, so is deemed constitutional.
- KtorZ64f97568…3a49YesActive · term ends epoch 653Rationale
Ok
The proposal seeks to maintain and improve Daedalus, Cardano's open-source full-node desktop wallet, ensuring continued compatibility with protocol evolution, hard forks, and user-facing ecosystem developments. Maintaining this infrastructure contributes directly to the resilience, accessibility, and long-term sustainability of the Cardano ecosystem and therefore presents a reasonable case under Article I - Section 1.
The proposal clearly identifies Intersect as the administrator, specifies milestone-based disbursement, audit and oversight arrangements, custody through the established Treasury management framework, refund conditions, prior Treasury funding disclosure, and compliance with the applicable Net Change Limit. It also makes a compelling case that the funded work constitutes a genuine public good, with all software and associated artifacts remaining available under the Apache 2.0 license.
Hence, I do not identify a clear constitutional violation and consider the proposal constitutionally compliant.
- Tingvard646d1b3a…be43YesActive · term ends epoch 726Rationale
Tingvard judges the “Se7en Labs: Daedalus Wallet Maintenance and Improvements 2026-2027” Treasury Withdrawal governance action constitutional.
Tingvard judges the “Se7en Labs: Daedalus Wallet Maintenance and Improvements 2026-2027” Treasury Withdrawal governance action constitutional.
Rationale statement
This governance action requests 1,785,333 ADA from the Cardano Treasury to fund Daedalus Wallet Maintenance and Improvements 2026-2027, delivered by Se7en Labs. The proposal covers protocol maintenance, ecosystem expansion, and user support for Daedalus, Cardano’s full-node desktop wallet.The proposal identifies the purpose of the withdrawal, the amount requested, the delivery period, the intended scope of work, and the relevant milestones. The work includes hard fork integration, ongoing maintenance, Leios and Peras readiness, hardware wallet support, CIP-30 dApp connector implementation, user support, and an architecture assessment.
The proposal provides a budget summary. It identifies a total request of 1,785,333 ADA, including 1,666,667 ADA for maintenance and improvements, 33,333 ADA for test hardware, 33,333 ADA for financial audit, and a 52,000 ADA Intersect Budget Administration fee. It also states that unspent labor, hardware, and audit budget will be returned to the Treasury.
The proposal discloses prior funding. It states that Se7en Labs has not received ada from the Cardano Treasury within the last 24 months, while also disclosing that the team has operated under a direct IOG contract for Daedalus maintenance since January 2026, closing August 31, 2026.
The proposal states that the requested amount does not, at the time of submission, breach the applicable 350M Net Change Limit covering epochs 613 to 713.
The proposal includes audit and oversight provisions. It includes 33,333 ADA for an independent financial audit, states that audit and oversight costs are included within the overhead, and provides for independent oversight through Intersect and a technically capable third party, including reporting obligations and milestone-based disbursement controls.
The proposal identifies Intersect as administrator and independent milestone verifier. Intersect is responsible for monitoring how funds are used, independently confirming that acceptance criteria are met, and authorizing disbursements. Funds will be disbursed monthly against verified work.The proposal addresses custody and delegation. It states that funds received from the Treasury Withdrawal will be held by Intersect in a dedicated account auditable by the Cardano community and delegated to the predefined abstain voting option before monthly disbursement to Se7en Labs.
The proposal also uses the 2026 Treasury Reserve Smart Contract and Project-Specific Smart Contract framework. It states that the TRSC and PSSC cannot be staked with an SPO, are delegated to the auto-abstain predefined DRep, and can be audited by the community through the public treasury dashboard.
Tingvard therefore finds that the proposal satisfies the relevant constitutional requirements for a Treasury Withdrawal governance action.
Tingvard finds the “Se7en Labs: Daedalus Wallet Maintenance and Improvements 2026-2027” Treasury Withdrawal governance action constitutional.
The proposal identifies the purpose, amount, delivery period, costs, refund circumstances, administrator, custody and delegation arrangements, audit and oversight provisions, prior funding disclosure, and NCL position.
Tingvard therefore judges this governance action constitutional.
- Cardano Curia84feba94…6bd5Not votedActive · term ends epoch 653No rationale