Withdraw ₳2,162,096 for Midgard - Optimistic Rollups administered by Intersect
190 DReps voted · 54 with a rationale · 2 changed their vote · 7 re-voted unchanged
Open a row to read the rationale.
Changed votes: 2 to yes, together voting with 12.6M ₳ of voting power.
- No1.4M ₳No rationale
- Yes1.3M ₳Rationale
A couple of months ago, I supported the resolution to bundle all of the Intersect Budget Proposals into 1 or 2 formal on-chain governance votes.
Each of these proposals has already received 50% or greater support from the active DReps in the ecosystem, and I will honor that prior decision.
A couple of months ago, I supported the resolution to bundle all of the Intersect Budget Proposals into 1 or 2 formal on-chain governance votes.
Each of these proposals has already undergone extensive scrutiny and received 50% or greater support from the active DReps in the ecosystem, and I will honor that prior decision and the work these prospective developers have put in by voting yes on all the proposals from the Intersect Budget team.
- Yes1.2M ₳No rationale
- YesRevoted1.2M ₳History
Earlier votes
Yes1y agoSuperseded
Yes1y agoSuperseded
No1y agoSuperseded
No1y agoSuperseded
- Yes1.2M ₳No rationale
- Yes1.1M ₳Rationale
While I acknowledge the importance of advancing scalability and throughput solutions, this proposal demands rigorous scrutiny beyond the surface-level enthusiasm for “permissionless rollups” and “fraud proof simplicity.”
First, the budget ask—over 2 million ADA—is not trivial. Funding must be proportional to measurable progress and risk mitigation, yet the proposal heavily leans on theoretical advantages of EUTxO without demonstrating a fully operational prototype or proven mainnet readiness beyond vague “significant progress.” The assertion that fraud proofs on Cardano are “extremely straightforward” because of local ledger state glosses over the complexity and novel engineering challenges inherent to optimistic rollups, especially when scaling to real-world use cases. We need granular, verifiable milestones that detail how Midgard will overcome potential UTxO contention and small block size limitations without compromising network performance or security.
Regarding economic incentives, the tokenless design and fee revenue flowing directly to Cardano’s base layer are commendable structural choices. However, the proposal does not sufficiently address how Midgard will attract operators and users in the absence of native token incentives or detail how fees will be sustainably allocated and balanced against operational costs.
Midgard represents an ambitious, strategically aligned project that could leverage Cardano’s architectural strengths to pioneer rollups in a truly permissionless, censorship-resistant manner. Yet ambition alone cannot justify large treasury allocations without transparent technical disclosures, incremental proof points, and detailed risk assessments. We must demand a sharper roadmap with explicit deliverables before endorsing substantial funding.
I support Midgard’s vision but urge restraint and exacting oversight. We owe it to our community to protect the treasury and uphold Cardano’s scientific rigor while enabling innovation. Let us invest boldly—but wisely—in this potential cornerstone of Cardano’s Layer 2 future.
- Yes1.1M ₳No rationale
- Yes987.4K ₳No rationale
- Yes969.9K ₳No rationale
- Yes966.3K ₳No rationale
- Yes951.2K ₳No rationale
- Yes929.9K ₳No rationale
- Yes927.7K ₳No rationale
- Yes920.9K ₳No rationale
- Yes888K ₳No rationale
- Yes884.5K ₳No rationale
- Yes866.3K ₳No rationale
- Yes765.6K ₳No rationale
- Yes742.6K ₳No rationale
- Yes663.8K ₳Rationale
We, The Dutch Drep, vote Yes on this withdrawal governance action for Blockfrost Platform community budget proposal, administered by Intersect. Our affirmative vote is based on the fact many projects depend on blockfrost API and blockfrost delivering significant impact for the Cardano ecosystem. These were major factors in our decision to support this proposal.
- Yes657.3K ₳No rationale
- Yes636.4K ₳No rationale
- Yes604.7K ₳Rationale
This proposal represents a critical strategic investment in Cardano's future scalability and ecosystem growth through Midgard, a Layer 2 rollup solution that directly addresses the network's capacity limitations while strengthening its economic foundation. As blockchain adoption accelerates and transaction volumes increase, Cardano requires robust scaling infrastructure to maintain competitiveness and support the next generation of decentralized applications and services.
Midgard's economic model creates a virtuous cycle that benefits the entire Cardano ecosystem. Unlike other Layer 2 solutions that fragment economic activity away from the base layer, Midgard's design ensures that increased rollup usage translates directly to increased fee revenue for Cardano Layer 1. This alignment strengthens ADA's utility and value proposition while funding network security through enhanced staking rewards, creating sustainable long-term growth that benefits all stakeholders from individual users to stake pool operators.
The scaling capabilities provided by Midgard position Cardano to compete effectively in markets requiring high transaction throughput, such as decentralized finance, gaming, and micropayments. These use cases are currently constrained by Layer 1 capacity limitations, and Midgard removes these barriers while maintaining the security guarantees that distinguish Cardano from other platforms. This expanded capability opens new market opportunities and user segments that were previously inaccessible.
Midgard complements Cardano's existing scaling roadmap by filling a crucial gap in the ecosystem's scaling architecture. While Hydra addresses specific state channel use cases and partnerchains provide sidechain functionality, rollups serve different application requirements and user preferences. This comprehensive scaling approach ensures Cardano can support diverse applications and workloads, from high-frequency trading to social media platforms, without forcing developers into suboptimal scaling solutions.
The proposal's alignment with Cardano's decentralization principles ensures that scaling does not compromise the network's core values. By maintaining permissionless participation and inheriting Cardano's censorship resistance, Midgard scales the network's capacity while preserving its fundamental characteristics. This approach contrasts sharply with other ecosystems where scaling often requires accepting centralization trade-offs or security compromises.
From a competitive positioning perspective, Midgard provides Cardano with differentiated capabilities that other blockchain platforms cannot replicate. This technological moat creates sustainable competitive advantages in the Layer 2 market while positioning Cardano as the preferred platform for applications requiring both scalability and true decentralization. The uniqueness of this offering strengthens Cardano's market position and ecosystem attractiveness.
The timing of this investment aligns perfectly with broader market trends toward Layer 2 adoption. As institutional and enterprise users increasingly evaluate blockchain platforms for large-scale deployments, having proven, production-ready scaling solutions becomes essential for capturing these opportunities. Midgard ensures Cardano is positioned to compete for these high-value use cases rather than losing them to platforms with more mature scaling infrastructure.
Anastasia Labs' track record within the Cardano ecosystem provides confidence in successful delivery and long-term maintenance. Their extensive contributions to ecosystem development and active involvement in major applications demonstrate alignment with Cardano's success and capability to deliver production-ready infrastructure. The team's existing progress on Midgard development reduces execution risk while accelerating time to market.
The governance framework ensures responsible stewardship of treasury funds through established oversight mechanisms, milestone-based delivery, and transparent reporting. This structured approach protects community investment while enabling the innovation necessary to maintain Cardano's competitive position in the rapidly evolving blockchain landscape.
Supporting Midgard represents an essential investment in Cardano's ability to serve growing user demand, capture new market opportunities, and maintain technological leadership. The proposal addresses immediate scaling needs while positioning the ecosystem for long-term success in an increasingly competitive environment where scalability, security, and decentralization determine platform viability and adoption. - Yes591.1K ₳No rationale
- Yes579.1K ₳No rationale
- Yes574.2K ₳No rationale
- Yes503.6K ₳Rationale
Sometimes you have to fund the ambitious projects to get breakthrough results. Nuff said.
- Yes481.2K ₳No rationale
- Yes479.2K ₳No rationale
- Yes478.5K ₳Rationale
Midgard aims to enable true layer‑2 roll‑ups that inherit Cardano’s complete security guarantees. The team behind it already has an impressive record of contributions to the ecosystem, and the project addresses one of Cardano’s current chokepoints. Given its scale and significance, direct Treasury funding is well‑suited to this proposal.
- Yes466.2K ₳No rationale
- Yes433.2K ₳No rationale
- Yes401.2K ₳No rationale
- Yes393.6K ₳No rationale
- Yes371K ₳Rationale
Overall Rationale for Voting on Treasury Withdrawals
As a DRep participating in on-chain governance under the Voltaire framework, I have reviewed each of the 39 treasury withdrawal proposals currently up for vote.
This document outlines my generic voting rationale. My vote on each individual proposal—whether Yes, No, or Abstain—has been guided by the following considerations:
When I Voted Yes
I have supported proposals that clearly satisfy all of the following:
Relevance
The proposal addresses a clear and meaningful need in the Cardano ecosystem—whether it is developer tooling, community infrastructure, governance, or research.Reasonableness of Budget
The requested amount is proportional to the scope and deliverables. Proposals that show cost breakdowns and attempt to maximise value for money are given priority.Credibility of the Team
Preference is given to teams with a proven history of delivery in the Cardano ecosystem, open-source contributions, or community engagement. In case of newer teams, supporting references or associations are considered.Alignment with Voltaire Governance Goals
In the Voltaire era, legitimate, transparent use of the treasury is essential. I support proposals that help establish or strengthen governance processes and infrastructure.
When I Voted No or did not vote
I have voted No where one or more of the above criteria are not met, such as:
- Lack of clarity or relevance to Cardano’s needs
- Justification regarding budgets
- Weak or unknown team background
- Vague deliverables or lack of public transparency
In some cases, proposals may be promising but are premature or underdeveloped at this stage.
When I Abstained
I have chosen to Abstain when:
- The proposal shows potential but lacks enough information for a confident decision
- There are mixed signals—e.g., a good idea but poor planning, or credible team but vague milestones
- There may be overlap with other initiatives already underway
Summary
This is a generic decision-making framework I have followed across all 39 proposals. Votes are cast independently for each proposal, and the default is not Yes. Instead, each proposal must make a clear case on its own merits.
I remain open to feedback and discussion from delegators or community members regarding any specific vote.
List of Proposals and My Vote
MLabs Core Tool Maintenance & Enhancement: Cardano.nix - 45,217 ADA - Yes
Midgard - Optimistic Rollups administered by Intersect - 2,162,096 ADA - Yes
2025 Input Output Engineering Core Development Proposal - 96,817,080 ADA - Yes
Blockfrost Platform community budget proposal - 1,300,000 ADA - Yes
Hardware Wallets Maintenance administered by Intersect - 424,800 ADA - Yes
Pallas: Sustaining Critical Rust Tooling for Cardano - 220,914 ADA - Yes
UTxO RPC: Sustaining Cardano Blockchain Integration - 220,914 ADA - Yes
Lucid Evolution Maintenance administered by Intersect - 130,903 ADA - Yes
zkFold ZK Rollup administered by Intersect - 1,161,000 ADA - Yes
Dolos: Sustaining a Lightweight Cardano Data Node - 220,914 ADA - Yes
Ledger App Rewrite administered by Intersect - 300,000 ADA - Yes
Complete Web3 developer stack to make Cardano the smart contract layer for Bitcoin - 600,000 ADA - No
OSC Budget Proposal - Paid Open Source Model for Sustainable Development - Not specified - Yes
Gerolamo - Cardano node in typescript - 578,571 ADA - Abstain
MLabs Core Tool Maintenance & Enhancement: Plutarch - 243,478 ADA - Abstain
TWEAG's Proposals for multiple core budget project... - 11,070,323 ADA - No
Cexplorer.io -- Developer-Focused Blockchain Explorer... - 266,667 ADA - Yes
A free Native Asset CDN for Cardano Developers - 605,000 ADA - Yes
AdaStat.net Cardano blockchain explorer - 212,000 ADA - Yes
A MBO for the Cardano ecosystem: Intersect - 15,750,000 ADA - Yes
Beyond Minimum Viable Governance: Iteratively Improving on Cardano Voltaire - Not specified - Yes
Catalyst 2025 Proposal by Input Output - 69,459,000 ADA - Yes
Input Output Research (IOR): Cardano Vision - Wor... - 26,840,000 ADA - Yes
BloxBean Java Tools Maintenance and Enhancement - 99,600 ADA - Yes
Cardano Product Committee: Community-driven 2030 Cardano... - 750,000 ADA - Yes - Yes366.6K ₳No rationale
- Yes356.1K ₳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.
- Yes338.2K ₳No rationale
- Yes321.6K ₳No rationale
- Yes318.1K ₳Rationale
KryptoLabs, a Cardano DRep, I vote yes on the ₳2,162,096 treasury withdrawal for Midgard, an optimistic rollup L2 framework by Anastasia Labs, administered by Intersect.
This decision stems from Midgard's alignment with Cardano's scalability, security, and sustainability goals.Midgard revolutionizes Cardano by introducing the first optimistic rollup L2, enhancing throughput, reducing costs, and enabling complex dApps while preserving decentralization. Leveraging Cardano's EUTXO model, it offers permissionless fraud proofs, no centralized sequencers or multisigs, and full L1 security inheritance, unique features impossible on Ethereum, Solana, or Sui.
Most important it have a tokenless design, so fees are in ADA that drive L1 revenue via compacted onchain blocks, unlike off-chain solutions.The project scope details a modular framework for tailored rollups, with phased development.
Comparisons show efficiency: similar to Fuel's UTXO-based L2 but optimized for Cardano. Anastasia Labs' track record in contributing to major dApps and 50+ open-source tools ensures feasibility, with progress on key components like state queues and fraud proofs.Economic benefits include sustained fee revenue without user fee hikes, fostering adoption. Governance via Intersect, with audited smart contracts and third-party oversight, guarantees transparency. Risks are mitigated through Agile methodologies and iterative sprints
- Yes314.4K ₳Rationale
In alignment with my voting on the 2025 Cardano Budget Reconciliation process through Ekklesia platform (https://adastat.net/dreps/drep1ygc29nv90qqtf7qwlp5eqwnscdmvk5utnul9arfm9eklw9cphfhhu#budget_votes), I support this withdrawal and therefore vote YES.
- Yes313.8K ₳Rationale
Midgard offers a Cardano-native approach to optimistic rollups, built specifically for the EUTxO model without relying on centralized sequencers or multisigs. It keeps ADA at the heart of L2 activity and feeds value back into Layer 1.
The modular, tokenless design is forward-thinking and technically aligned with Cardano’s values of decentralization and permissionless participation. With clear milestones, third-party oversight, and strong governance checks in place, I believe this is a smart, scalable investment in the ecosystem’s future.
- Yes272.2K ₳No rationale
- Yes263.3K ₳No rationale
- Yes252.7K ₳No rationale
- Yes236.8K ₳No rationale
- Yes222.9K ₳No rationale
- Yes217.1K ₳No rationale
- YesRevoted216.4K ₳History
Earlier votes
Yes1y agoSuperseded
- Yes201.5K ₳No rationale