Withdraw ₳12,000,000 for Cardano Builder DAO administered by Intersect
189 DReps voted · 65 with a rationale · 5 changed their vote · 3 re-voted unchanged
Open a row to read the rationale.
Changed votes: 4 to yes, 1 to abstain, together voting with 92.8M ₳ of voting power.
- Yes1.2M ₳No rationale
- No1.2M ₳No rationale
- No1.2M ₳Rationale
Although the vision of supporting live dApps via a Builder DAO is promising, I vote NO for the following reasons:
Undefined governance structure: The proposal lacks clear information on DAO membership criteria, decision-making, and accountability. Without a well-defined structure, it risks centralization and inefficiency.
Redundancy & ecosystem overlap: There's insufficient explanation on how this DAO complements – rather than duplicates – existing funding mechanisms like Project Catalyst.
High risk, large budget: Requesting ₳12M without a smaller-scale pilot or proven track record is premature. It is unclear how builder applications, evaluations, and fund disbursement will be handled.
Not yet community-led: Despite aiming to empower builders, the DAO appears top-down and admin-driven at this stage.
I would support a revised, smaller-scope pilot with transparent milestones and decentralized governance design.
Vietnamese
Tôi đánh giá cao ý tưởng thành lập DAO hỗ trợ các dApp đã hoạt động, nhưng bỏ phiếu KHÔNG vì những lý do sau:
Thiếu rõ ràng về mô hình quản trị: Đề xuất không nêu rõ cách chọn thành viên DAO, quy trình ra quyết định hay cơ chế minh bạch và giải trình trách nhiệm.
Chồng chéo với Catalyst: Chưa thể hiện rõ cách DAO này bổ sung thay vì trùng lặp với các cơ chế cấp vốn hiện tại trong hệ sinh thái.
Rủi ro cao với ngân sách lớn: Đề xuất rút ₳12 triệu mà không có giai đoạn thử nghiệm nhỏ hay minh chứng về năng lực triển khai là quá mạo hiểm.
Chưa thể hiện tính phi tập trung: Mặc dù nói là hỗ trợ cộng đồng builder, nhưng hiện tại DAO vẫn đang được thiết kế theo hướng từ trên xuống, chưa trao quyền rõ ràng cho cộng đồng.
Tôi sẽ ủng hộ nếu có một đề xuất thử nghiệm quy mô nhỏ, minh bạch, có lộ trình rõ ràng và cộng đồng tham gia thực chất.
Japanese
Builder DAOの設立は魅力的なビジョンですが、以下の理由から**反対票（NO）**を投じます：
不明確なガバナンス構造：メンバー選定や意思決定プロセス、説明責任の仕組みが明示されておらず、中央集権化と非効率のリスクがあります。
Catalystとの重複懸念：既存の資金調達メカニズムとの関係が不明確で、資源の最適活用が問われます。
過剰な予算要求：₳12百万という巨額な要求に対し、パイロットや具体的な実績が不足しています。
分散型運営ではない：コミュニティ主導のDAOと謳っているものの、現段階ではトップダウン方式に見受けられます。
透明性ある小規模パイロット案が提示されれば、再度検討する価値はあると考えています。
- No1.2M ₳No rationale
- Abstain1.1M ₳No rationale
- No1.1M ₳Rationale
I am voting No. While the idea of a Builder DAO has merit in supporting long-term innovation, this proposal lacks the foundational elements necessary for responsible Treasury funding—there is no clear governance structure, member selection process, or sustainable funding model. It does not explain how builders will be evaluated or how this initiative would complement rather than duplicate Catalyst and other funding pathways. The top-down approach and lack of community-led decision-making raise concerns about decentralization and transparency. Given the extremely high budget request and absence of concrete operational detail, I cannot support this initiative.
- No1.1M ₳Rationale
TL;DR:
The Cardano Builder DAO proposal aims to fill a real funding gap for live dApps but introduces risks of governance fragmentation, vendor conflicts, and administrative complexity. Its ROI framework lacks rigor, and treasury protection is insufficiently addressed. Without stronger integration, independence safeguards, and clearer strategic impact, committing ₳12M now is premature. For the long-term stability and coherence of Cardano’s ecosystem, I recommend a NO vote until these critical issues are resolved. - Yes1.1M ₳No rationale
- Yes1M ₳No rationale
- Yes969.9K ₳No rationale
- Yes951.2K ₳No rationale
- Yes929.9K ₳No rationale
- Yes927.7K ₳No rationale
- Yes888K ₳No rationale
- Yes884.5K ₳No rationale
- Yes870.3K ₳No rationale
- No796.1K ₳Rationale
Not opposed to this in the future, but want to see the idea better socialized and matured.
- Abstain792.3K ₳Rationale
While the Cardano Builder DAO proposal has clear goals for boosting on-chain activity and supporting established dApps, the ₳12M request represents a large portion of available treasury funds. The scope is broad, and while oversight and reporting are included, the measurable return on investment for the wider ecosystem is not yet fully demonstrated. Given my conservative treasury approach, I support the concept but require more proven impact before backing a spend of this size. Abstaining avoids blocking the initiative while signalling a need for more concrete performance data before future large-scale funding.
- Yes742.6K ₳No rationale
- No678.7K ₳Rationale
While the problem statement is one that I can agree with, the metrics at which will decide support will not achieve the desired outcome. Projects that will show healthy grow in the areas picked will be the ones that do not need additional support.
What needs to be focused are projects without ROI and with little transactions, but that are deemed worthy and beneficial, to obtain the needed support, of which s is likely to fall in the same intent of funding open source tooling as Catalyst has done in its previous categories.
- No636.4K ₳Rationale
I prioritized funding open-source tools and proposals that I believe will most effectively support Cardano’s long-term growth. I voted in favor of the highest-priority items that fit within my preferred budget cap of 250 million ADA, abstained from proposals where I may have had a personal interest, and voted NO on all remaining proposals after reaching that budget limit.
- Yes604.7K ₳Rationale
This proposal addresses a critical funding gap in Cardano's ecosystem by establishing dedicated support for live, user-facing applications that drive real adoption, transaction volume, and Total Value Locked on mainnet. While Project Catalyst effectively supports early-stage innovation and core development budgets maintain protocol advancement, no existing mechanism provides sustained financial backing for established decentralized applications that are already generating measurable on-chain activity and user engagement.
The Cardano Builder DAO creates a complementary funding structure that enables Project Catalyst to focus more effectively on experimentation and innovation by providing an alternative pathway for mature projects that have demonstrated market fit and user adoption. This strategic separation optimizes the entire ecosystem funding framework by matching project development stages with appropriate support mechanisms.
The proposal's metrics-first approach ensures accountability through transparent tracking of key performance indicators including transaction counts, active users, and Total Value Locked. This data-driven methodology enables the community to measure return on investment while ensuring funded projects contribute meaningfully to ecosystem growth and competitive positioning.
The team's proven track record with Clarity governance platform and Agora smart contracts provides confidence in execution capability. Their infrastructure has successfully governed over ten million dollars in TVL across four production DAOs, demonstrating operational competence in decentralized treasury management and member-based governance systems.
The multi-signature structure requiring approval from three of four scope leads plus leadership provides robust safeguards against misallocation while maintaining efficient decision-making processes. Combined with Intersect's administration and proven smart contract controls, this governance framework ensures responsible stewardship of treasury funds.
Supporting established projects with demonstrated user adoption and on-chain activity directly contributes to Cardano's competitive positioning by maintaining ecosystem momentum and preventing migration to platforms with better funding infrastructure. High-impact applications attract users, generate transaction volume, and create network effects that benefit the entire ecosystem.
The strategic value extends beyond individual project support to ecosystem-wide benefits including increased block space utilization, higher Total Value Locked, improved user retention, and enhanced visibility in the broader Web3 landscape. These outcomes strengthen Cardano's market position while creating sustainable foundations for continued growth.
This proposal represents essential infrastructure for maintaining and accelerating application-layer development that drives real-world adoption and utility, making it a strategic investment in Cardano's long-term competitive success. - Yes591.1K ₳No rationale
- Yes582.9K ₳Rationale
This proposal fills ecosystem gap by funding high-impact applications with proven users. Its transparent governance, metrics-based funding approach, and smart contract enforcement create strong accountability while complementing existing funding structures and potentially increasing network usage.
The proposal addresses a critical ecosystem gap by providing sustainable funding to high-impact applications driving actual on-chain activity. With transparent governance, metrics-based funding, and smart contract enforcement, it creates accountability mechanisms that align with our guidelines on oversight. The project's focus on supporting launched dApps with proven users complements existing funding structures while potentially increasing network usage and TVL.
- No579.1K ₳No rationale
- No573.2K ₳Rationale
While the concept of this project could bring meaningful benefits to the Cardano community, the requested budget of 12 million ADA for one year is disproportionate to the current user base, user experience quality, and design maturity of the existing product. Based on my own development experience, the same functionality could be built from scratch for around 10% of the requested amount, without compromising on quality or scope.
My voting criteria consider not only the idea and purpose of a proposal but also the cost-to-value ratio. In this case, the proposal does not demonstrate a budget aligned with the realistic cost of delivery, nor does it provide sufficient evidence of scalability and adoption to justify the expense. For these reasons, I vote NO on this proposal.
- YesChanged503.6K ₳Rationale
Changing to support after team clarifications, but with important caveats.
The funding gap between Catalyst and VC is real, and this addresses it with clear operational planning and accountability measures. The KPI framework and fund return policy show responsible stewardship. Sometimes we need to try new approaches to see what works.The approval process for non-Catalyst projects still seems unnecessarily complex despite claims of inclusivity. So I will be watching:
- Whether the approval process becomes genuinely accessible or remains gatekeep-y
- How funding decisions actually get made in practice vs. on paper
- Whether this elevates the best builders or just the most connected ones
This is a “let’s see what happens” YES, not a ringing endorsement. The concept has merit, but execution will determine whether future iterations get my support.Earlier votes
No1y agoSuperseded
The whole "member-governed funding mechanism" raises questions about who gets to be a member and how decisions actually get made. I've seen too many DAOs turn into informal oligarchies to get excited about this without more details. And to be clear, I have tried to reach out for details but they have closed all their twitter handles form even verified accounts to send Dms, call me petty but that is a red flag to be asking for treasury money and not be easily accessible for community members to reach out for clarifications.
- Yes478.5K ₳Rationale
This proposal plugs the funding gap for dApps that already bring users, liquidity, and real utility to Cardano. A community‑run DAO with clear, KPI‑based goals would give these teams the steady backing Catalyst can’t always provide, while keeping everything transparent. That long‑term support should toughen the ecosystem and help us hold onto top developers, both crucial for Cardano’s growth.
- Yes466.2K ₳No rationale
- Yes393.6K ₳No rationale
- No379.5K ₳No rationale
- No371K ₳No rationale
- Yes366.6K ₳No rationale
- AbstainChanged356.1K ₳Rationale
This vote aligns with my Ekklesia votes, where I voted yes to the highest priority budget line items that fit within my preferred 200m ADA budget, abstained from voting on any line items that I may have had personal interests in, and voted no to everything else.
Earlier votes
No1y agoSuperseded
This vote aligns with my Ekklesia votes, where I voted yes to the highest priority budget line items that fit within my preferred 200m ADA budget, abstained from voting on any line items that I may have had personal interests in, and voted no to everything else.
- Yes338.2K ₳No rationale
- Yes330.6K ₳No rationale
- Yes321.6K ₳Rationale
Panda pleased by the Rare Evo presentation
- Yes318.1K ₳Rationale
Vote YES
A PDF version of this rationale is also made available.
Testing voting in enactment YES we support the proposal
- Yes314.4K ₳Rationale
In alignment with my voting on the 2025 Cardano Budget Reconciliation process through Ekklesia platform, I support this withdrawal and therefore vote YES.
In alignment with my voting on the 2025 Cardano Budget Reconciliation process through Ekklesia platform, I support this withdrawal and therefore vote YES.
- Yes297K ₳Rationale
No strong opinion. Defaulting to YES
- Yes275.2K ₳Rationale
I recommend voting YES on this proposal to fund the Cardano Builder DAO administered by Intersect with ₳12,000,000. This funding addresses a crucial gap in the Cardano ecosystem by providing dedicated, sustainable financial backing and strategic support specifically for live, user-facing dApps driving meaningful on-chain activity, TVL, and ecosystem engagement.
The project leverages proven governance infrastructure built on Clarity and Agora smart contracts, enabling transparent, member-driven decision-making and treasury management. The DAO structure complements Project Catalyst by focusing on the scale-up phase of projects rather than early-stage startup innovation, thereby ensuring both innovation and growth receive targeted support.
Robust treasury administration, including multi-party authorization and independent oversight, provides confidence in governance and fund security. Planned KPIs and milestone monitoring will permit clear tracking of projects’ impact and ROI.
Supporting application-layer projects is vital to growing Cardano’s user base, increasing real usage metrics, and driving the ecosystem towards mass adoption. This DAO proposes a scalable, community-aligned funding model essential for long-term ecosystem health and resilience.
- YesChanged272.2K ₳History
Earlier votes
No1y agoSuperseded
- Yes263.3K ₳No rationale
- Yes252.7K ₳Rationale
- No236.8K ₳No rationale
- Yes217.1K ₳No rationale
- Yes216.4K ₳Rationale
after careful review of the Cardano Builder DAO treasury withdrawal proposal, i vote yes. the framework is well-specified with clear deliverables: 1) comprehensive ₳12M budget administered by Intersect with proven smart contract controls, 2) reasonable 12-month timeline, 3) transparent governance via five independent oversight entities. most importantly, this fills a critical funding gap for established projects driving real adoption and TVL. the multi-sig structure requiring 3/4 scope leads plus leadership approval provides strong safeguards. seeing the Cardano Foundation, Sundae Labs, and other major builders aligned on this gives confidence. curious about your thoughts on their KPI tracking approach - the focus on measurable metrics like transaction volume and active users seems solid.
- Yes201.5K ₳No rationale
- Yes196.9K ₳No rationale
- Yes189.8K ₳No rationale