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Withdraw ₳1,500,000 for Complement Catalyst: Extended Quadratic Funding---Zer...

System1y ago1 post
DReps 207SPOs 0

207 DReps voted · 75 with a rationale · 5 changed their vote

Open a row to read the rationale.

  • Yoroi W₳llet
    Yes584.2M ₳Rationale

    Summary
    Yoroi as DRep votes YES on the governance action to fund Complement Catalyst: Extended Quadratic Funding—Zero Operational Costs

    Rationale

    Enhancing Fairness: Leverages decentralized identity to ensure reviewers are matched based on merit, reducing manipulation and boosting trust.

    Advancing Governance: Trials new mechanisms like quadratic funding and identity-based participation within Catalyst.

    Shared Learnings: Offers feedback loops into Catalyst design while reinvesting in the growth of Cardano’s builder ecosystem.

    Yoroi supports this initiative as both a practical improvement for Catalyst reviews and a larger-scale testbed for governance innovation. We encourage the team to publish their findings openly, as the results could help shape Cardano’s future governance framework.

  • YUTA
    No435.8M ₳Rationale

    I voted based on the following seven criteria: Please refer to the PDF or spreadsheet for detailed reasons. 私は次の７つの投票基準を勘案して、投票を行いました。詳細な理由などはPDFまたはスプレッドシートを確認してください。

    1. Roadmap Alignment（ロードマップとの整合）
      Is it aligned with the Cardano roadmap? Cardanoのロードマップと整合していますか？

    2. Public Value（公共性・オープンソース性）Does it provide public value as an open and reusable resource? オープンで再利用可能な形で公共的価値を提供していますか？

    3. Cost Effectiveness（費用対効果） Is the cost reasonable for the expected impact? 期待される成果に対して費用は妥当ですか？(Haggling can be difficult on timelines and exhausting for vendors./値切り交渉はタイムライン上困難かつベンダーを疲弊させる可能性があります。)

    4. Feasibility（実行体制・リスク・スケジュール） Is the team capable and the plan feasible? チームは有能で、計画は実現可能ですか？

    5. Socialization & Transparency（対話と説明責任） Has the proposal been openly discussed with the community? 提案はコミュニティと公開で議論されましたか？

    6. No Conflict of Interest with Yuta（Yutaとの利益相反なし） Is there no conflict of interest with Yuta? Yutaとの利益相反はありませんか？

    7. Alignment with Yuta’s voting policy（Yutaの投票ポリシーへの貢献） Does it contribute to Yuta’s voting policy and long-term vision? Yutaの投票ポリシーや長期ビジョンに貢献していますか？

    ipfs://bafkreihwgw6xjnqzjaq5shmb6rn7amh7ba4urvwfh3iix53czf2b7q6m5i

    https://docs.google.com/spreadsheets/d/1M8JAuAntJOa7Z6j3GfC2hWFl4kbZLkzEel_cN4-kymw/edit?usp=sharing

  • Blockdaemon
    Yes332.2M ₳No rationale
  • EMURGO
    Yes293M ₳Rationale

    Summary
    EMURGO as DRep votes YES on the governance action to fund Complement Catalyst: Extended Quadratic Funding—Zero Operational Costs

    Rationale
    EMURGO recognizes this proposal as a timely contribution toward refining the governance infrastructure surrounding Catalyst. By introducing decentralized identity, reputation tracking, and quadratic funding models, it opens up pathways for more equitable and efficient community participation.

    We see strong potential in its experiment with reviewer-proposal pairing and structured impact reporting, both of which could help address long-standing issues in quality control and Sybil resistance. The inclusion of public dashboards and DID-backed performance data also strengthens transparency across the board.

    This initiative doesn’t only aim to improve Catalyst—it also gives the community a clearer view of how identity-based governance might work on Cardano in the future. Since the budget also supports Cardano-native builders, we believe this is a smart and strategic reinvestment.

    EMURGO is voting Yes in support of this effort, and we look forward to the insights it will generate for broader governance evolution.

  • Eternl DRep Committee
    Yes222.9M ₳Rationale

    TL;DR: EDC voted:

    gov_action18nefry4qacd80xzs2srjahxm2e4vz3c8wvrr03rrtk8mdqfuknysq66459t: YES
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlqkqx0ecg: YES
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlq5nrw6t9: YES
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlqj0vdlhj: YES
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlqsufvuyl: YES
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlqwtnrdnx: YES
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlqvckzwqt: YES
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlq2yeptuu: YES
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlqghuqg03: YES
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlqx488pdm: YES
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlqyxzxz7k: YES
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlqz6d98zp: YES
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlqqfgyy3v: YES
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlzgf074ea: YES
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlzxt5eumh: ABSTAIN
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlzyc3clg6: YES
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlzzy7m65d: YES
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlzqhm6e8q: YES
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlp730y0dn: YES
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlp679xfzf: ABSTAIN
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlpcdq823y: ABSTAIN
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlpk0mqrnw: YES
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlp5u7pqqr: ABSTAIN
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlpjq3z9u5: YES
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlpsn5rx0e: YES
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlpwywvhcq: YES
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlpvhtd5td: ABSTAIN
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlp2tyw3h6: YES
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlpgcp0jyh: YES
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlpx66gmxa: YES
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlpyflfc4s: YES
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlpz4s2af8: ABSTAIN
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlpqx4t762: YES
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlq77jt4x4: ABSTAIN
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlqudh2k4c: YES
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlq63cfnf0: YES
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlqczags6z: YES
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlpuz29v77: ABSTAIN
    gov_action193leqzml768nz7nmpepzx822a5mzyanqhtewaxjtul5gp6uhwvfsqgl2qg0: YES;

    We refrained from voting NO on any of the actions, voted ABSTAIN where the majority of our team (7 people) determined that the impact wasn't high enough, the concept wasn't something we would want to support, or the action asked for too much.

    Keep in mind, that voting ABSTAIN helps each effected proposal by lowering the absolute voting power needed to pass the action.

  • Sebastien Guillemot セバ
    Yes174.6M ₳No rationale
  • Everstake
    Yes165.7M ₳No rationale
  • Cardano Foundation
    Yes120.2M ₳Rationale

    This document provides an aggregate rationale for the Cardano Foundation DRep’s votes on all Treasury Withdrawal GAs stemming from the approved “Cardano Blockchain Ecosystem Budget - 275M ada Administered by Intersect” (gov_action1u9x73kwufaxa70lfy59g4ynwyrcsaxdcd0gxzzmh67s9fxq4j8hqqk2phgh).

    A PDF version of this rationale is also made available.

    Our approach is designed to ensure both transparency and efficiency, applying a consistent evaluation framework (see here; the “Evaluation Framework”) to each proposal while presenting our reasoning in a single, comprehensive document.

    Our current assessment remains consistent with the principles previously outlined in our public communications and our evaluation during the Ekklesia off-chain signaling phase. As no material changes have been made to the individual proposals since the overarching budget was approved, our votes on these withdrawals reflect our original assessment of them. However, we have changed our previous abstention on the Intersect proposal and our previous “No” vote for the Discover Cardano proposal to a "Yes" vote.

    Fund administration clarity is a crucial consideration for our voting decisions. While this budget is approved as a package, we expect Intersect, as administrator, to manage funds diligently, provide public transparency on contracts, and ensure robust oversight, holding recipients accountable for deliverables.

    Our voting decisions on the 39 treasury withdrawals are presented in the table below. The "Vote" column displays our votes. For all proposals requesting 3 million ada or more, our assessment is included in the "Note" column.

    Table A – Voting Record

    Governance Action ID Title Requested ADA Vote Note
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlqz6d98zp 2025 Input Output Engineering Core Development Proposal 96,817,080 ABSTAIN We abstain from both the TSC and IO Engineering proposals for the following different reasons: For the TSC proposal, we abstain due to the lack of a credible execution path. Although we support the intent and approach and while we recognise the significant work that went into this proposal, the recent sudden withdrawal of administrative support by the Intersect board makes the proposal unfeasible, even if funded at this time. For the IO Engineering proposal, we abstain as we are not confident that the current version offers sufficient transparency or accountability to justify endorsement. Our concerns stem from the lack of adjustments following constructive community feedback, particularly regarding scope, cost-effectiveness, and safeguards. View Cardano Foundation feedback from 11 May here.
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlpwywvhcq Catalyst 2025 Proposal by Input Output: Advancing Decentralised Community Innovation Funding & Infrastructure 69,459,000 YES We vote ‘yes’ on this proposal as it is important to ensure continuity for the main source of grant funding for the ecosystem during a transition year for governance, especially as Project Catalyst is a funding system that the Cardano ecosystem is familiar with. As the proposal did not fully account for CF's initial budget feedback nor propose activities linked to resolving known shortcomings, we will be monitoring these areas ahead of any subsequent budget proposals by Project Catalyst
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlzqhm6e8q Input Output Research (IOR): Cardano Vision - Work Program 2025 26,840,000 ABSTAIN We abstain from this proposal because we view key components of the proposed budget as materially too high, and previous feedback regarding costs and scope, including specific points raised by the Cardano Foundation on March 11 were not adequately addressed. View Cardano Foundation feedback from 11 May here.
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlp2tyw3h6 A member-based organization for the Cardano ecosystem: Intersect 15,750,000 YES We adjusted our vote from ‘abstain’ to ‘yes’ on this proposal. This reflects our acknowledgement of Intersect's revised 15.75M ada budget, recognizing Intersect's shift towards leaner operations. Our initial vote to abstain based on the discrepancy between the on-chain proposal and the updated off-chain figures, which has been remedied now. We emphasize the importance of having accurate and updated details reflected directly on the Ekklesia platform for all future proposals to ensure transparency and streamline the DRep voting process.
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlp5u7pqqr Cardano Builder DAO 12,000,000 YES We vote ‘yes’ on this proposal as it mitigates the dependency of Cardano on grants by exploring convertible grants to incentivise projects better. The proposal identifies and addresses the gap in post-Catalyst funding for projects needing follow-up support in focusing on achieving product market fit instead of optimising towards grant writing.
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlqudh2k4c TWEAG’s Proposals for multiple core budget projects for Cardano 2025 11,070,323 YES We vote 'yes' on this proposal as we believe supporting diverse contributors increases the resilience of Cardano, and as the proposal demonstrates a collaborative approach, accountability, and an appropriate engagement framework.
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlpjq3z9u5 Unveiling the First Unified Global Events Marketing Strategy for Cardano 6,000,000 YES We vote 'yes' on this proposal as it provides a clear value proposition for Cardano. This proposal was already assessed as part of the Marketing and Growth Budget.
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlpsn5rx0e Cardano Summit 2025 and regional tech events 6,000,000 YES We vote 'yes' on this proposal as it provides a clear value proposition for Cardano. This proposal was already assessed as part of the Marketing and Growth Budget.
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlqkqx0ecg OSC Budget Proposal - Paid Open Source Model for Sustainable Development 5,885,000 YES We vote 'yes' on this proposal as it aligns with the Cardano Vision and Roadmap for 2025 and beyond and contributes to a sustainable developer ecosystem for Cardano. However, we still believe additional details would have strengthened this proposal further.
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlp730y0dn Expanding Stablecoin / Cardano Native Asset Support / Fiat Ramps 4,000,000 YES We vote 'yes' on this proposal as it contributes to the growth in liquidity and DeFi, which we believe is an important value proposition.
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlpcdq823y Ecosystem Exchange Listing and Market Making service pool 3,126,000 YES We vote 'yes' on this proposal in line with the GMC’s voting and according to previous viability assessments.
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlpuz29v77 High-yield RWA Asset for Cardano : Tokenized Real Estate 3,000,000 YES We vote 'yes' on this proposal as it supports the expansion of the RWA topic. However, there is a lack of alignment with the roadmap, which we would expect to be enhanced afterwards.
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlqqfgyy3v Midgard - Optimistic Rollups 2,162,096 YES We vote ‘yes’ on this proposal as it aligns with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment.
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlpk0mqrnw Complement Catalyst: Extended Quadratic Funding—Zero Operational Costs 1,500,000 YES We vote ‘yes’ on this proposal as it aligns with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment.
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlqyxzxz7k Blockfrost Platform community budget proposal 1,300,000 YES We vote ‘yes’ on this proposal as it aligns with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment.
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlqwtnrdnx zkFold ZK Rollup 1,161,000 YES We vote ‘yes’ on this proposal as it aligns with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment.
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlp679xfzf Cardano Ecosystem Pavilions at Exhibitions 889,500 YES We adjusted our vote from ‘no’ to ‘yes’ on this proposal. This reflects our acknowledgement of the revised scope to avoid overlapping with other proposals.
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlzxt5eumh Cardano Product Committee: Community-driven 2030 Cardano Vision and 2026 roadmap insights collection via workshops and structured product research 750,000 YES We vote ‘yes’ on this proposal as it aligns with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment.
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlq77jt4x4 ZK Bridge 700,000 YES We vote ‘yes’ on this proposal as it aligns with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment.
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlpz4s2af8 Scalus - DApps Development Platform 657,692 YES We vote ‘yes’ on this proposal as it aligns with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment.
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlpx66gmxa A free Native Asset CDN for Cardano Developers 605,000 NO We vote ‘no’ on this proposal as it does not align with the principles of the Evaluation Framework, specifically principle 3 on Financial and Funding Mechanics.
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlq5nrw6t9 Complete Web3 developer stack to make Cardano the smart contract layer for Bitcoin 600,000 YES We vote ‘yes’ on this proposal as it aligns with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment.
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlpvhtd5td Beyond Minimum Viable Governance: Iteratively Improving on Cardano Voltaire 592,780 YES We vote ‘yes’ on this proposal as it aligns with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment.
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlpqx4t762 Eternl Maintenance 583,000 YES We vote ‘yes’ on this proposal as it aligns with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment.
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlqczags6z Gerolamo - cardano node in typescript 578,571 YES We vote ‘yes’ on this proposal as it aligns with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment.
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlqx488pdm Hardware Wallets Maintenance 424,800 ABSTAIN We abstain on this proposal in accordance with the principles of the Evaluation Framework, specifically principle 2 on Committee Budget Proposals and Prior Feedback.
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlzyc3clg6 PyCardano 314,800 ABSTAIN We abstain on this proposal in accordance with the principles of the Evaluation Framework, specifically principle 3 on Financial and Funding Mechanics.
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlqj0vdlhj Ledger App Rewrite 300,000 YES We vote ‘yes’ on this proposal as it aligns with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment.
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlpyflfc4s Cexplorer.io – Developer-Focused Blockchain Explorer for Cardano 266,667 ABSTAIN We abstain on this proposal in accordance with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment.
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlq63cfnf0 MLabs Core Tool Maintenance & Enhancement: Plutarch 243,478 ABSTAIN We abstain on this proposal in accordance with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment.
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlqsufvuyl Dolos: Sustaining a Lightweight Cardano Data Node 220,914 YES We vote ‘yes’ on this proposal as it aligns with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment.
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlq2yeptuu UTxO RPC: Sustaining Cardano Blockchain Integration 220,914 ABSTAIN We abstain on this proposal in accordance with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment.
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlqghuqg03 Pallas: Sustaining Critical Rust Tooling for Cardano 220,914 ABSTAIN We abstain on this proposal in accordance with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment.
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlpgcp0jyh AdaStat.net Cardano blockchain explorer 212,000 YES We vote ‘yes’ on this proposal as it aligns with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment.
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlzzy7m65d OpShin - Python Smart Contracts for Cardano 199,911 ABSTAIN We abstain on this proposal in accordance with the principles of the Evaluation Framework, specifically principle 3 on Financial and Funding Mechanics.
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlqvckzwqt Lucid Evolution Maintenance 130,903 ABSTAIN We abstain on this proposal in accordance with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment.
    gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlzgf074ea MLabs Research towards Tooling for Elliptical Curves - GrumpleStiltSkin 104,347 YES We vote ‘yes’ on this proposal as it aligns with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment.
    gov_action193leqzml768nz7nmpepzx822a5mzyanqhtewaxjtul5gp6uhwvfsqgl2qg0 BloxBean Java Tools Maintenance and Enhancement 99,600 ABSTAIN We abstain on this proposal in accordance with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment.
    gov_action18nefry4qacd80xzs2srjahxm2e4vz3c8wvrr03rrtk8mdqfuknysq66459t MLabs Core Tool Maintenance & Enhancement: Cardano.nix 45,217 ABSTAIN We abstain on this proposal in accordance with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment.

    Summary of Voting Approach

    The Cardano Foundation’s votes on these 39 treasury-withdrawal governance actions are the direct execution of a single, comprehensive review process that began during the off-chain signaling phase. Although we present one aggregate rationale for efficiency, each proposal and governance action was individually assessed against a consistent framework anchored in our publicly stated principles.

    Evaluation Framework

    As outlined in our blog post, Navigating Budget Changes, our evaluation is guided by several core criteria. For these treasury withdrawals, our assessment focused on three primary areas:

    • Strategic Alignment: We prioritized proposals that clearly align with the Cardano 2025 Vision & Roadmap and the principles of "Our Cardano." Proposals demonstrating a direct contribution to core infrastructure, ecosystem growth, decentralization, and sustainability scored highest in our assessment.
    • Execution Viability & Financials: We assessed whether the requested funding was appropriate with the project’s scope and whether the team demonstrated the expertise and planning necessary for successful execution. This included a review of the budget breakdown, timelines, and risk considerations.
    • Accountability and Delivery Assurance: A critical factor was the proposal’s commitment to transparency and accountability. We looked for clear deliverables, defined success metrics, and robust reporting plans. Given the significant value of Treasury funds, we placed a strong emphasis on frameworks that ensure what is promised is ultimately delivered.

    The Cardano Foundation’s votes on these 39 treasury-withdrawal governance actions are the direct execution of a single, comprehensive review process that began during the off-chain signaling phase. Although we present one aggregate rationale for efficiency, each proposal and governance action was individually assessed against a consistent framework anchored in our publicly stated principles.

  • JAZZ
    Yes92.2M ₳No rationale
  • CardanoYoda (MANDA Pool)
    No91.5M ₳Rationale

    The vote for this withdrawal is NO. Details can be found in the rationale.

    A PDF version of this rationale is also made available.

    I plan to vote YES on most projects I’ve supported in Ekklesia. To stay transparent, I’ll rate each project across six categories, scoring 0 to 2 per category (max 12 points). Projects scoring below 6 won’t get my support. I’ll consider supporting those with 7–8 points, and will fully support any scoring 9 or more.

    The categories are:

    • Key infrastructure, research, or essential funding: 1
    • Team strength, feasibility, and track record: 1
    • Impact on the Cardano ecosystem: 1
    • Value for money: 0
    • Cost compared to similar proposals: 0
    • Personal or community usage and benefit: 1

    Total score: 4

  • BTBF_XSP
    Yes88.6M ₳Rationale

    私の投票ポリシーはCARDANO2025ロードマップを実現するべく基盤技術の維持と強化、コア開発と研究、マーケティングの強化を支持しています。事前のオフチェーン投票ではNoにした提案においても、提案内容に関しては一定の必要性を感じているため資金調達プロセスのスケジュールや提案内容を精査したうえでYESに投じます。
    My voting policy supports the maintenance and enhancement of foundational technologies, core development and research, and the strengthening of marketing efforts to realize the CARDANO 2025 roadmap. Even for proposals I previously voted "No" on during the off-chain voting phase, I recognize a certain level of necessity in their content. Therefore, after carefully reviewing both the proposal content and the funding schedule, I will cast a "Yes" vote.

  • SIPO
    Yes86M ₳Rationale

    SIPO has voted “Yes” on this proposal because it offers a complementary and innovative funding mechanism that amplifies the impact of the Cardano Treasury while promoting fairness, transparency, and long-term sustainability.

    Key Reasons for Support

    1. A Complementary Extended Quadratic Funding Model
      • This proposal does not aim to replace Project Catalyst, but rather to enhance and complement it.
      • It integrates Quadratic Funding with a reputation-based voting system, balancing community influence and financial commitment while avoiding concentration of voting power.
      • ZK-KYC via Hyperledger Identus ensures Sybil resistance while preserving user privacy.

    2. Treasury as a Funding Catalyst, Not Sole Funder
      • The model encourages co-funding from individual donors, potentially boosting the effective funding pool by over 50%.
      • 501(c)(3) tax deduction eligibility for U.S. donors offers incentives beyond the crypto-native community.

    3. Standardized Impact Reporting for Real ROI Measurement
      • All funded projects must report on KPIs such as on-chain transactions, new wallets, active users, etc.
      • This would be the first standardized ROI dataset in Cardano’s innovation ecosystem, enabling informed governance and better treasury management.

    4. Sustainable Ecosystem Value Capture
      • Funded projects are encouraged to return value to the ecosystem via token allocation, equity, or revenue-sharing.
      • The goal is a 5% annual return within 10 years, aligning with venture fund benchmarks for sustainable impact.

    5. Streamlined Milestone Process
      • The model addresses Catalyst’s slow milestone approval with token-based reviewer incentives, penalties for inaccurate judgments, and a decentralized dispute resolution process.
      • This is especially beneficial for smaller projects that often suffer from procedural bottlenecks.

    6. Execution Capacity and Governance Integrity
      • Socious is a fast-growing impact startup supported by major players like Google, Microsoft, Amazon, and 500Global, with deep expertise in funding mechanisms, identity systems, and blockchain.
      • The implementation will be legally bound under Intersect-led smart contract frameworks, with oversight from trusted third-party organizations (e.g., Cardano Foundation, NMKR, Xerberus, etc.).

    Conclusion

    SIPO believes that this proposal will advance Cardano’s funding infrastructure by enabling a more equitable and participatory distribution of resources. In particular, the effective utilization of treasury funds, democratization of participation, transparent impact evaluation, and the design of sustainable returns are seen as essential enhancements toward the foundation of Cardano 2.0.

    Therefore, SIPO has voted in favor of this proposal.

    ⸻⸻⸻⸻⸻⸻⸻⸻⸻

    SIPOは、本提案がカルダノ・エコシステム全体に対して革新的かつ持続可能な資金配分モデルを提供するものであると評価し、「Yes」として投票しました。

    賛成の主な理由

    ① カルダノ・トレジャリーの資金インパクトを増幅させる「拡張型二次投票」モデル
    • 本提案は、既存のProject Catalystを代替するものではなく、補完する仕組みとして、財務効率・民主性・透明性の向上を目指しています。
    • **Quadratic Funding（QF）と評判スコア（300–850の範囲）**を組み合わせることで、少額多数の支援者の声を反映し、富の集中を防ぎながら貢献度を重視した投票システムを実現します。
    • ハイパーレジャーIdentusを用いたZK-KYCにより、プライバシーを守りつつ、Sybil耐性を確保しています。

    ② トレジャリー資金のレバレッジ効果
    • 提案モデルは、トレジャリーを単独出資者ではなく、「呼び水」として活用。寄付参加者によるマッチング資金調達により、最大で50%以上の追加資金流入を促します。
    • 米国の501(c)(3)認定による寄付控除インセンティブも活用され、暗号資産圏外からの参加も期待されます。

    ③ エコシステム全体のROIを可視化する「標準化されたインパクト報告」
    • 支援プロジェクトには、オンチェーン活動、ユーザー数、新規ウォレット数などのKPIを含む報告義務が課され、カルダノ初のイノベーションROIデータセットが構築されます。

    ④ 持続可能な価値還元モデル
    • トークン・株式・収益シェア等によるエコシステムへの還元を奨励し、VC標準に基づく年5%のリターン目標を設定。
    • これはカルダノトレジャリーの中長期的な持続可能性確保に資すると判断しました。

    ⑤ マイルストーン管理の合理化
    • Catalystでの小規模提案が直面する審査遅延問題を回避するため、審査報酬・ペナルティ・分散型紛争解決を導入した仕組みを設計。
    • スピードと正確性のバランスをとる自己調整型のプロセスが構築されています。

    ⑥ 信頼性の高い実行体制と透明性
    • Sociousは、Project Catalyst、Deep Funding、Gitcoinでの経験を持ち、Microsoft・Google・Amazon・500Globalの支援を受ける急成長スタートアップです。
    • 開発・運営チームは、日本や国際的なカルダノコミュニティと連携しており、公正性・説明責任・法的整合性に基づいた運用が約束されています。
    • Intersectによるスマートコントラクト管理と5団体による第三者監査体制も信頼性を裏付けています。

    結論

    SIPOは、本提案がカルダノの資金調達インフラを進化させ、より公平で参加型の資金分配を実現すると信じています。とくに、トレジャリー資金の最大活用、参加の民主化、透明なインパクト評価、持続可能なリターン設計は、Cardano 2.0に向けた重要な基盤強化であると考えます。

    したがって、SIPOはこの提案に賛成票を投じました。

  • Army of Spies
    No84.3M ₳No rationale
  • Dumpling🥟
    No77.7M ₳No rationale
  • Phil UPLC
    No76.8M ₳No rationale
  • drep1yfukpxsssua...
    Abstain75.4M ₳No rationale
  • ranket
    Yes75.2M ₳No rationale
  • SASA_nagamaru_ながまる
    Yes74.5M ₳Rationale

    I vote Yes on this proposal.

    This initiative introduces an extended quadratic funding model to complement Catalyst, aiming to address issues such as vote centralization, unclear ROI, and inefficient milestone processes.

    Key components—like donation matching, reputation-weighted voting, Sybil resistance via Hyperledger Identus, and decentralized dispute resolution—are based on existing technologies and models. While the system is ambitious, the design reflects a thoughtful integration of proven mechanisms, making the implementation path relatively grounded.

    I support this proposal as a promising step toward diversifying Cardano’s funding architecture and improving the ecosystem’s overall accountability and inclusiveness.

    私はこの提案に Yes を投じます。

    本提案は、Catalystを補完する拡張型二次資金配分モデルを通じて、投票権の偏りやROIの不透明さといった課題に挑む意欲的な試みです。

    寄付マッチングやレピュテーションスコア、Hyperledger Identusを活用したSybil耐性など、構想の多くは既存技術に基づいており、実装に向けた要素設計も一定の現実性を持っています。

    Cardanoの資金配分とエコシステム成長の多様化に貢献する提案として支持します。

  • Dave
    No73.1M ₳Rationale

    I strongly support experimenting with Quadratic Funding, but I am voting NO for now. Catalyst's Fund 14 includes a QF proof-of-concept at the tallying stage. It is more prudent to first analyze the valuable data from this live experiment and iterate, rather than funding a parallel initiative.

    A PDF version of this rationale is also made available.

    I strongly support Quadratic Funding as a tool for decentralization, but am voting NO for now.

    My decision is reinforced by the fact that Fund 14 includes a QV proof-of-concept at the tallying stage. This is the perfect, low-risk experiment. The most responsible path is to analyze the data from this POC before funding a separate, large-scale system. For the sake of a sustainable, data-driven approach to governance, let's learn from this live test first. I look forward to supporting an evolved proposal based on these valuable findings.

  • Martin Lang
    Yes69.4M ₳Rationale

    As a DRep, i have voted YES on this proposal. This decision is in line with my earlier voting this year via Ekklesia.

  • Hermes Stakepool Germany (HRMS)
    Abstain66M ₳Rationale

    Ask too high. therefore voted abstain.

  • Peter Bui
    Yes62.7M ₳Rationale

    This proposal pilots quadratic funding with a reputation factor to broaden participation and match donations with treasury funds. The team has a strong record from past Catalyst work and relevant Identus expertise. Intersect’s process includes separate accounts, milestone reviews, and third-party oversight. The ₳1.5M request is part of the approved budget and has support from other DReps assessing similar withdrawals.

  • Goofycrisp
    No50.5M ₳No rationale
  • hix_coffeepool
    No50.4M ₳Rationale

    Following the previous vote on Ekklesia.

  • AdaStat
    Yes50M ₳Rationale

    As a DRep, I voted for all projects in the 2025 budget vote based on a very simple principle:\n\n- Yes if I believe the long-term value to the Cardano ecosystem exceeds the requested amount;\n- No if it doesn't;\n- Abstain if I'm unsure.\n\nAll of my votes are consistent with my position in the May 2025 Ekklesia round.

  • Chris-O
    Yes49.5M ₳No rationale
  • Tempo.Vote
    No48.6M ₳Rationale

    The cost is too high for simply developing a quadratic voting implementation. Catalyst also receive significant funding for operation which should be able to cover this expense if necessary

  • PoolTool
    No47.6M ₳No rationale
  • HISAI
    Yes42.9M ₳No rationale
  • Patrick_Tobler
    Yes40.1M ₳Rationale

    This is a worthy endeavour, even though the ask is quite high.

  • drep1yffcjs0njfe...
    Abstain38.1M ₳No rationale
  • Linda - Cryptofly
    YesChanged37.8M ₳History

    Earlier votes

    No0y agoSuperseded

  • MUEN
    Yes34.6M ₳No rationale
  • Socious
    Yes34.3M ₳Rationale

    Socious has voted in favor of all 39 Treasury Withdrawal proposals submitted. These proposals were selected through a well-defined process, and we fully support them out of respect for the will of the broader Cardano community.

  • HOSKY
    NoChanged33.5M ₳Rationale

    This proposal’s Extended Quadratic Funding model introduces a voting power formula that deviates from the principle I have always stood by — one ADA equals one vote.
    While it is presented as a complementary mechanism to Project Catalyst, the square root weighting of donations combined with reputation scores shifts governance influence away from proportional ADA ownership.

    HOSKY’s Cardano First platform is grounded in decentralization and fiscal conservatism. This model undermines the simplest and fairest measure of governance weight which is stake by adding alternative scoring layers that could dilute direct representation of ADA holders. Regardless of the intended benefits, such changes to how voting influence is calculated create a precedent for moving governance power away from stake weighted voting, risking both fairness and transparency in decision making.

    From a treasury stewardship perspective, I cannot support allocating community funds to build or operate a system that promotes a governance model contrary to these principles. Protecting stake based proportional voting is essential to maintaining Cardano’s decentralization and integrity. For these reasons, I will vote No.

    Earlier votes

    Abstain11mo agoSuperseded

    Temporary Abstention Rationale

    Summary
    To ensure timely progression of proposals that meet constitutional thresholds, I am temporarily casting abstain votes on all active governance actions while I continue to review them individually. This avoids delaying enactment due to quorum issues and allows careful evaluation of each on its own merits.

    Rationale Statement
    As a DRep, I take seriously my responsibility to evaluate each proposal in alignment with the HOSKY Cardano First platform, prioritizing decentralization, responsible treasury use, and the long term integrity of Cardano

    Rather than rush through the volume of proposals or risk being a bottleneck for those that meet required thresholds, I am temporarily abstaining on all proposals. This ensures that governance actions with sufficient community support can move forward without being held up by my pending vote

    This abstention is not a sign of indecision or neglect. It is a reflection of my commitment to deliberate, well considered governance. I am reviewing each proposal carefully and will cast definitive YES or NO votes with rationale in the coming days

    This approach allows me to maintain transparency, uphold voting integrity, and respect the time sensitive nature of decentralized decision making. It is a temporary mechanism to preserve network momentum while continuing to uphold the standards set by both the Constitution and the HOSKY dRep Platform

  • Aichi/Tokai_DRep
    Yes31.4M ₳No rationale
  • Cerkoryn
    Abstain27.9M ₳Rationale

    I support improvements to Catalyst and especially the implementation of Hyperledger Identus in this proposal to mitigate issues like wallet splitting. However, I believe that the mains obstacles for Catalyst to overcome at this point is participation, proposal quality, and user experience. Quadratic voting is nice to have, but hard to set aside funds for as a top priority.

  • TERA DRep
    No27.9M ₳No rationale
  • Florian Volery
    No26.3M ₳Rationale

    Current system with Catalyst works well. No need to change it.

  • Kyle Solomon
    Yes25.3M ₳Rationale

    I have voted Yes on the current proposal to fund Socious. I think it is important to explore balancing mechamnisms complimentary to Catalyst voting

  • wolf31o2 (Chris Gianelloni)
    Yes23.5M ₳No rationale
  • DINO
    No21.5M ₳No rationale
  • Hephaestus Stake Pool [HEPHY]
    No21.5M ₳Rationale

    While not originally one of my selections during the Ekklesia budget reconciliation process, I have decided to once again to vote against funding this proposal at this time. Project Catalyst has already received a sizeable chunk of treasury funding and the Fund 14 launch materials note that this latest funding round also includes “Generalised Quadratic Voting (GQV) as a proof of concept to the tallying stage. This preserves the existing vote-casting process and will compare traditional linear voting outcomes with quadratic results” (https://projectcatalyst.io/f14launchguide.pdf). While the vendor profile for this proposal is no doubt very well qualified and experienced in the Cardano ecosystem, I feel that we should wait to see the results of the proof-of-concept for this Catalyst fund before re-evaluating the need for an implementation of this proposal.

  • Ha-Nguyen
    Yes21.4M ₳No rationale
  • SIDAN Lab
    Yes21.1M ₳Rationale

    We initially access a no vote for this since the budget seems too high for an experimental project like this. We also acknowledge that even the chance of achieving all potential impacts is not as certain. However, upon further understanding, we eventually determined to cast a yes vote due to the fact that the proposal would attract external donations to the Cardano ecosystem, plus the feedback can be provided back to other projects like Catalyst to improve the system.

  • Moonstake
    Yes20.4M ₳No rationale
  • CTEC-Stake-Pool
    Yes20.3M ₳No rationale
  • drep1ytf9f78k7rk...
    No17.4M ₳Rationale

    Another more opaque version of Project Catalyst whereby a small committee can obtain the power to control a slush fund. Project Catalyst is preferable for such funding with its direct community voting and oversight.

  • Rodrigo-[CHIL]
    Yes17.3M ₳No rationale
  • Cardanians
    No16.7M ₳Rationale

    Long-Term Sustainability
    Exploring complementary funding models like Quadratic Funding can add value to Cardano’s governance system. It supports experimentation in decentralized grant distribution, which is aligned with long-term ecosystem evolution.

    Builder and Ecosystem Growth
    If executed well, this could channel funds to underrepresented community builders and broaden funding access. However, it remains experimental and does not directly support tooling, infrastructure, or builders in its current form.

    Decentralization and Community Engagement
    Quadratic Funding promotes more democratic participation in treasury allocation. That said, the proposal lacks clarity on how outcomes will be measured, how feedback will be incorporated, and how this pilot integrates with existing Catalyst structures.

    Responsible Treasury Spending
    ₳1.5 million is excessive for an experimental pilot with unclear deliverables and no phased rollout plan. While we support the idea, the scope should be reduced and focused. We recommend voting NO on this version and encourage a leaner resubmission with tighter milestones, community co-design, and measurable outcomes.