Withdraw 1,310,960 ada for Hardware Wallet Maintenance 2026
7 of 7 committee members voted
- Ace Alliance71aa5b3a…8f04YesActive · term ends epoch 726Rationale
Ace Alliance finds the proposed "Withdraw 1,310,960 ada for Hardware Wallet Maintenance 2026" 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.
"Withdraw 1,310,960 ada for Hardware Wallet Maintenance 2026" (gov_action1k02...hyg4hw) 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 Action seeks to withdraw 1,310,960 ada from the Cardano Treasury to fund twelve months of production maintenance of Cardano hardware-wallet support, covering Ledger and Trezor compatibility updates, maintenance of supporting interoperability libraries, and cardano-hw-cli. The vendor is the team responsible for Cardano's hardware-wallet integrations, whose treasury-funded work on this surface is disclosed in the proposal. The Action was submitted by Intersect on behalf of the vendor, with Intersect serving as administrator under its 2026 Treasury Reserve Smart Contract framework. The underlying proposal was socialized and approved off-chain through the Cardano Budget Process led by Intersect before being submitted on-chain.
Article II.6's procedural standards are satisfied. The action anchors to an IPFS-hosted document with the on-chain blake2b-256 hash 4c9c23982902b87120f15dcbfdd3c77e31fcfcfcefa1eab126f8e1e33ddd0ede, a content-addressed form that is immutable once posted, and the metadata supplies the title, abstract, motivation, rationale, budget summary, and supporting references that Article II.6.2 requires. Article II.7.1's terms-of-withdrawal requirement is met by the proposal's specification of purpose, a twelve-month delivery period, itemized costs (1,272,777 ada for hardware wallet maintenance and compatibility assurance plus a 38,183 ada Intersect budget administration fee), and the disbursement and return mechanics of the Treasury Reserve Smart Contract framework, under which funds are released against milestones outlined in the metadata and undisbursed funds can be returned to the Cardano Treasury through the framework's Sweep action. Article II.7.2's disclosure requirement is satisfied: the proposal discloses prior treasury receipts with their governance action identifiers, including Hardware Wallets Maintenance, the Ledger App Rewrite, and the joint IO and VacuumLabs Plutus enhancement action. Article II.7.3 is satisfied because the 1,310,960 ada requested here is well within the 350,000,000 ada Net Change Limit in force for the period spanning epochs 613 through 713, on its own and in aggregate with the other withdrawals pending at the time of submission.
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, an entity other than the recipient vendor. Intersect operates the 2026 instance of the Sundae-Labs-developed TRSC framework, which mirrors the contracts used in the 2025 budget cycle, with a Project-Specific Smart Contract for this withdrawal. An Oversight Committee of six external, independent third-party entities provides the checks against unilateral administrative control, with explicit multi-signature authorization rules for each TRSC action type, including Fund, Disburse, Pause and Resume, Sweep, and Reorganize. A written off-chain Legal Contract governs delivery, and funds move to the Project-Specific Smart Contract only once that contract is prepared, with all milestones outlined within the metadata. Under Article II.7.4, audit and oversight costs are included within the overhead applied to the proposal, the Intersect administration fee covers administrative oversight, independent oversight is provided through Intersect and a technically capable third party with reporting obligations and milestone-based disbursement controls, and a public dashboard allows the community to audit TRSC and PSSC activity on-chain. Under Article II.7.6, the on-chain withdrawal destination is stake1784sdxt6jjennmstphgdu7l7c2scf5d02a6cve2dgn5s2kq5u3j9v, 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, each of which we verified on-chain at the time of this review.
Ace Alliance finds the proposed "Withdraw 1,310,960 ada for Hardware Wallet Maintenance 2026" Treasury Withdrawals Governance Action constitutional.
- Cardano Curia84feba94…6bd5YesActive · term ends epoch 799Rationale
Cardano Curia finds the Treasury Withdrawal for Hardware Wallet Maintenance 2026 constitutional.
What is being proposed
This Treasury Withdrawal funds twelve months of Cardano hardware-wallet compatibility, interoperability, support, and security-related maintenance. The requested amount is 1,310,960 ada.
Constitutional assessment
Cardano Curia reviewed this action as a Treasury Withdrawal under the Constitution's governance-action standards and treasury-withdrawal requirements. The relevant requirements include a clear purpose and delivery period, disclosure of costs and refund circumstances, prior-funding disclosure, compliance with the applicable Net Change Limit, funded independent audit and oversight, designated administrators, and segregated auditable accounts delegated to the predefined abstain option while held before disbursement.
Continuous Ledger and Trezor support protects secure user access as Cardano and vendor software evolve. The stated scope includes compatibility work, integration support, and vendor-required security or product audits.
The action is also consistent with the constitutional tenets concerning fair treatment, reasonable use of blockchain resources, recognition of ecosystem contributions, preservation of value, and long-term sustainability, provided that the published administration, reporting, audit, milestone, and return-to-treasury commitments remain binding throughout execution.
Determination
Cardano Curia finds the action constitutional. This is a determination of constitutional compliance, not a guarantee of delivery performance or financial return.
Cardano Curia finds governance action b3d452bff7769d...0ccf#2 constitutional and records five internal votes for constitutional, with no votes for unconstitutional or abstain.
- Cardano Japan Council725d4d44…7b31YesExpired · term ends epoch 653Rationale
We consider this governance action to be constitutional.
This proposal is a Treasury Withdrawal Governance Action to withdraw ₳1,310,960 from the Cardano Treasury in connection with "Withdraw 1,310,960 ada for Hardware Wallet Maintenance 2026," proposed by VacuumLabs. This proposal met the 67% support threshold required during the Hydra voting phase of the 2026 Intersect budget process and has proceeded to the submission of an on-chain Treasury Withdrawal Governance Action in accordance with the approved budget process framework. This proposal refers to the proposal document on IPFS and presents the proposal's title, summary, rationale, justification, and relevant 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 continued maintenance of Cardano's hardware wallet support and sets the implementation period at 12 months. The supplementary materials present a breakdown of costs; unspent funds and audit reserves that are no longer required will remain unclaimed, and conditions for returning funds to the Cardano Treasury through the Administrator's settlement process are outlined for any unpaid funds at the end of the contract period or funds related to scaled-back or discontinued activities. Regarding Article 2, Section 7, Paragraph 2, this proposal discloses past funding from the Treasury and funding from Cardano-related ecosystem programs. Regarding Article 2, Section 7, Paragraph 3, this proposal confirms that the requested amount of ₳1,310,960 falls within the ₳350,000,000 Net Change Limit covering Epochs 613 through 713. Regarding Article 2, Section 7, Paragraph 4, this proposal includes audit and oversight costs in the proposed budget; the supplementary materials establish milestone-based payment management, oversight through Delivery Assurance, and periodic independent audits and oversight metrics regarding the use of Treasury funds and the verification of deliverables. Regarding Article 2, Section 7, Paragraph 5, this proposal designates Intersect as the Administrator and outlines a system to verify fund usage and the achievement of deliverables through the submission of evidence and reports on budget utilization for each milestone. Regarding Article 2, Section 7, Paragraph 6, this proposal outlines a mechanism to manage funds via the Treasury Reserve Smart Contract (TRSC) and transfer them to the Project-Specific Smart Contract (PSSC) after the preparation of legal contracts and vendor readiness. Furthermore, the proposal enables community audits and on-chain verification, and specifies that the TRSC and PSSC will not be staked to the SPO but will instead be delegated to a predefined, automatically abstaining DRep. 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.
- KtorZ64f97568…3a49YesExpired · term ends epoch 653Rationale
Ok
A PDF version of this rationale is also made available.
The proposal funds the continued maintenance of Cardano's hardware wallet compatibility layer, ensuring ongoing support for Ledger and Trezor devices as the Cardano protocol and external hardware wallet ecosystems evolve. It therefore presents a reasonable case for advancing the long-term sustainability of Cardano under Article I - Section 1.
The proposal identifies an administrator, specifies audit and oversight arrangements, defines custody through dedicated treasury management smart contracts, provides transparent on-chain administration, discloses previous Treasury and Catalyst funding, and states compliance with the applicable Net Change Limit.
The "Prior Treasury Funding Disclosure" section would have benefited from providing additional context describing the relationship between the referenced Treasury withdrawals, Catalyst proposals, and the work funded by this proposal, rather than relying primarily on a list of external references. Nevertheless, the proposal does disclose the relevant prior funding history and I do not consider this lack of context sufficient to affect its constitutional assessment.
Hence, I do not identify a clear constitutional violation and consider the proposal constitutionally compliant.
- Phil_uplc68bb0b42…8746YesActive · term ends epoch 799No rationale
- Tingvard646d1b3a…be43YesActive · term ends epoch 726Rationale
Tingvard judges the “Hardware Wallet Maintenance 2026” Treasury Withdrawal governance action constitutional.
This governance action requests 1,310,960 ADA from the Cardano Treasury to fund 12 months of hardware wallet maintenance and compatibility assurance.
The proposal identifies the purpose of the withdrawal, the amount requested, the delivery period, and the intended scope of work. It states that the funding will support Ledger and Trezor compatibility updates, supporting libraries and tooling, cardano-hw-cli, ecosystem integrator support, and vendor-required product or security audits where needed.
The proposal discloses prior treasury and ecosystem funding related to hardware wallet maintenance, Ledger app work, Plutus enhancement work, and several Project Catalyst-funded projects.
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 identifies Intersect as administrator and states that treasury funds will be managed through the 2026 Treasury Reserve Smart Contract and a Project-Specific Smart Contract.
The proposal includes an oversight structure. Intersect will administer the TRSC and PSSC, while an Oversight Committee consisting of Sundae Labs, Cardano Foundation, Dquadrant, NMKR, Sundial, and Eternl will provide checks and balances on certain administrative actions.
The proposal addresses custody and delegation. It states that the TRSC and PSSC cannot be staked with an SPO and are delegated to the auto-abstain predefined DRep.
The proposal includes audit and oversight provisions. It states that audit and oversight costs are included in the proposal overhead, that independent oversight will be provided through Intersect and a technically capable third party, and that reporting obligations and milestone-based disbursement controls will apply.
The proposal also states that a public dashboard is available for the community to audit the TRSC or PSSC and track metrics related to the withdrawn ada.
Tingvard therefore finds that the proposal satisfies the relevant requirements for a Treasury Withdrawal governance action.
Tingvard finds the “Hardware Wallet Maintenance 2026” Treasury Withdrawal governance action constitutional.
- 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_action1k02...hyg4hw” and title “Withdraw 1,310,960 ada for Hardware Wallet Maintenance 2026” 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 all the requirements under ARTICLE II, Section 7(1).
ARTICLE II, Section 7(1) states ""Treasury Withdrawals" actions must specify the terms of the withdrawal. This shall include: the purpose of the withdrawal, the period for delivery of proposed activities which the withdrawal shall be used for, the relevant costs and expenses of the proposed activities, circumstances under which the withdrawal might be refunded to the Cardano Treasury."
The governance action does not specify "circumstances under which the withdrawal might be refunded to the Cardano Treasury."
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.