Withdraw ₳220,914 for Pallas: Sustaining Critical Rust Tooling for Cardano
191 DReps voted · 51 with a rationale
Open a row to read the rationale.
- Yes 592.3M ₳ Rationale
Summary
Yoroi as a DRep votes YES on the governance action titled "Pallas: Sustaining Critical Rust Tooling for Cardano."Rationale
Foundation for Rust-Based Ecosystem: Pallas provides critical Rust-native tooling that supports Cardano developers in building faster and more efficiently. Projects like Aiken, Lucid, and Mithril already rely on it, making its maintenance essential to sustaining ecosystem innovation.
High Open-Source Value: With over 591 commits and contributions from nearly 40 developers, Pallas is an exemplary open-source project that reduces technical complexity for developers, fosters community collaboration, and supports long-term ecosystem health.
Strengthens Developer Infrastructure: Ensuring the continued evolution of Pallas supports better development pipelines and a robust foundation for current and future Rust-based applications in Cardano. Yoroi believes that supporting this initiative directly improves the experience and performance of the ecosystem’s dApps and services.
For these reasons, Yoroi proudly supports this governance action.
- Yes 428.5M ₳ Rationale
I will vote as necessary to help Cardano grow into a platform that supports the economic identities of billions of people. This proposal charges a fair price to achieve what is needed to achieve that.
There are no significant matters that affect the neutrality of my decision-making.
Detailed rationale and the improvements I would like to see made to the proposal are attached in the following spreadsheet "TW vote #01" or PDF.
Specifically with regards to bundled proposals, next time I would request that one of the following be implemented:
- Bundled proposals should be subject to a temperature check vote for each item.
- I would like bundled proposals to be verified or created by entities, consortia, or individuals selected by the DRep.
Spreadsheet:
https://docs.google.com/spreadsheets/d/1M8JAuAntJOa7Z6j3GfC2hWFl4kbZLkzEel_cN4-kymw/edit?usp=sharingPDF:
ipfs://bafkreianp5xhbo3ojlxqjjah4kyimr6u62uwnxd2t3lwwu3qmpn4jf4n5a私はCardanoが数十億人の経済アイデンティティを支えるプラットフォームへ成長していくために必要な投票を行います。この提案書は、それを達成するために必要な事項を実現するための正当なコストを請求しています。
私の意思決定の中立性に影響を与える重大な事項はありません。
根拠の詳細と、提案書について私が改善して欲しい点は、次のスプレッドシートの「TW vote #01」またはPDFに添付されています。
特に、バンドル型提案書に関しては、次回は、次のいずれかが実施されることをリクエストします。
- バンドル型提案書は、内訳別の温度チェックの投票を行うこと。 2. バンドル型提案書は、DRepにより選出されるエンティティやコンソーシアムや個人により、検証または作成されるようにして欲しいと思います。
Spreadsheet:
https://docs.google.com/spreadsheets/d/1M8JAuAntJOa7Z6j3GfC2hWFl4kbZLkzEel_cN4-kymw/edit?usp=sharingPDF:
ipfs://bafkreianp5xhbo3ojlxqjjah4kyimr6u62uwnxd2t3lwwu3qmpn4jf4n5a - Yes 328.3M ₳ No rationale
- Yes 297.4M ₳ Rationale
Summary
EMURGO, as a DRep, votes YES on "Pallas: Sustaining Critical Rust Tooling for Cardano," recognizing its essential contribution to the Cardano developer ecosystem.Rationale
Pallas has proven itself as a foundational open-source library for Rust-based development within Cardano. It provides critical building blocks such as cryptographic primitives and CBOR encoding, serving as a backbone for many high-impact projects including Aiken, Lucid, Mithril, and Amaru. These integrations demonstrate Pallas’ wide utility and indispensable role in supporting infrastructure across the Cardano ecosystem.The proposal outlines a clear, focused plan to sustain and enhance Pallas through ongoing maintenance, updates, and community engagement. TxPipe’s active track record, combined with their technical competence, provides confidence in their ability to deliver. The open-source nature of this project also ensures transparency and continued contributions from the broader community, aligning with Cardano’s principles of decentralization and collaboration.
In conclusion, EMURGO supports this proposal and we're optimistic it will contribute to Cardano ecosystem’s long-term resilience and developer experience, enabling innovation and reducing infrastructure complexity for builders working in Rust.
- Yes 240.8M ₳ No rationale
- Yes 221.8M ₳ 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.
- Yes 174.4M ₳ No rationale
- Abstain 135.1M ₳ 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.
- Yes 93.3M ₳ Rationale
The vote for this withdrawal is YES. 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: 2
- Team strength, feasibility, and track record: 2
- Impact on the Cardano ecosystem: 1
- Value for money: 1
- Cost compared to similar proposals: 1
- Personal or community usage and benefit: 0
Total score: 7
- Yes 92.1M ₳ No rationale
- Yes 89.8M ₳ Rationale
SIPO casts a “Yes” vote on the proposal to withdraw ₳220,914 for the Pallas project. The reasons are as follows.
Pallas is a critical open-source Rust-native library that provides foundational blockchain components—such as cryptographic primitives and CBOR encoding—for the Cardano ecosystem. It plays a vital role in powering projects like Aiken, Lucid, Mithril, and Amaru, enabling developers to build robust tools and infrastructure with reduced complexity and increased reliability.
This proposal requests funding to sustain Pallas through 0.5 FTE of a blockchain developer and 0.125 FTE of a technical lead, ensuring ongoing maintenance, protocol updates, bug fixes, and feature development.
Maintaining and enhancing Pallas is essential to the health and growth of the Cardano developer ecosystem. It improves developer experience (DX), fosters third-party tool diversity, and ensures that ecosystem tools evolve alongside the Cardano protocol itself. Its open-source nature, with 591 commits and 39 contributors, demonstrates both its maturity and strong community participation.
Moreover, the budget is administered by Intersect with rigorous contract oversight, milestone verification, and the use of audited smart contracts for disbursement. The involvement of a third-party Assurer and external Oversight Committee ensures transparency and accountability in fund usage.
For these reasons, SIPO believes this proposal represents a strategic and highly justified investment into the long-term sustainability of critical developer infrastructure on Cardano, and therefore supports it with a “Yes” vote.
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SIPOは、提案「₳220,914の資金をPallasプロジェクトのために引き出すこと」に賛成票を投じました。その理由は以下の通りです。
Pallasは、CardanoエコシステムにおけるRustベースの基盤ツールとして、極めて重要な役割を果たしています。暗号プリミティブやCBORエンコードといったブロックチェーンの基本機能を、Rustネイティブで再利用可能なコンポーネントとして提供することで、多くの開発者が高機能なウォレット、エクスプローラー、ノード実装等を迅速かつ安全に構築できるようになっています。
本提案では、AikenやLucid、Mithril、Amaruなどのプロジェクトを支えるPallasの継続的な保守と機能追加を目的に、0.5人分のブロックチェーン開発者と0.125人分の技術リーダーの工数を1年間確保するための資金提供を求めています。
このような基盤的開発ツールが中長期的に持続可能であることは、Cardanoの開発者体験（DX）の向上、サードパーティ開発の活性化、ツールエコシステムの多様性と健全性の維持において不可欠です。Pallasがオープンソースであり、39人のコントリビューターと600近いコミット数を誇る事実も、コミュニティに根ざした活動の信頼性を示しています。
さらに、資金管理・契約・マイルストーン報告はIntersectのスマートコントラクトシステムの下で厳格に運用され、第三者による検証体制も確保されています。この点においても、財務の透明性と説明責任が担保されており、安心して資金供給できる体制が整っています。
したがって、SIPOは本提案がCardanoエコシステムの基盤技術と開発者層の持続的成長に直結する重要な投資であると判断し、「Yes」票を投じました。
- Yes 89.3M ₳ No rationale
- Yes 89.2M ₳ 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. - Yes 77.3M ₳ No rationale
- Yes 76.1M ₳ No rationale
- Yes 74.7M ₳ No rationale
- Yes 71.3M ₳ Rationale
I am voting YES. Pallas is a critical, foundational library for Cardano's Rust ecosystem, depended on by major projects like Aiken, Lucid, and Mithril. Supporting its maintenance is a non-negotiable investment in our developer infrastructure, tooling decentralization, and overall stability.
A PDF version of this rationale is also made available.
I am voting a strong YES. Funding foundational, open-source libraries like Pallas is one of the most effective uses of our treasury.
Pallas is the bedrock for our Rust developer ecosystem, with critical projects like Aiken, Lucid, and Mithril depending on it. Its maintenance is a direct investment in the decentralization of our tooling and the sustainability of many other projects. Supporting a trusted team like TxPipe to maintain this critical public good is a straightforward, high-impact decision.
- Yes 70.8M ₳ Rationale
As a DRep, i have voted YES on this proposal. This decision is in line with my earlier voting this year via Ekklesia.
- Yes 68M ₳ Rationale
I vote YES on this treasury withdrawal proposal for Pallas.
Pallas is actively used by key projects such as Aiken, Lucid, and Mithril, serving as a core Rust-native toolkit for blockchain development. This funding supports 0.5 FTE blockchain developer and 0.125 FTE tech lead, and the cost appears reasonable.
Given its open-source nature and community-inclusive development model, I believe this proposal will enhance the developer experience and foster innovation across the Cardano ecosystem.
このPallasに関する財務引き出し提案に賛成（YES）票を投じます。
Pallasは、Aiken・Lucid・Mithrilなど多くの主要プロジェクトに活用されており、Rustベースの開発環境を下支えする中核的なライブラリです。今回の資金は、0.5人分のブロックチェーン開発者と0.125人分のテックリードの継続稼働を支援するもので、コスト妥当性もあると見ています。
オープンソースでの開発継続や貢献の受け入れ体制も整っており、開発者体験の向上やイノベーションの土壌づくりに資する提案として支持します。
- Yes 65.7M ₳ No rationale
- Yes 50.5M ₳ No rationale
- Yes 49.8M ₳ 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.
- Yes 49.7M ₳ Rationale
Following the previous vote on Ekklesia.
- Yes 48.4M ₳ No rationale
- Yes 42.4M ₳ No rationale
- Yes 40M ₳ Rationale
A reasonable ask for good tooling.
- Yes 38.1M ₳ No rationale
- Yes 36.8M ₳ No rationale
- Yes 34.4M ₳ No rationale
- Yes 34.3M ₳ 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.
- Abstain 32.3M ₳ Rationale
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 CardanoRather 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
- Yes 31M ₳ No rationale
- Yes 30.5M ₳ No rationale
- Abstain 28.2M ₳ Rationale
Core ecosystem tooling. Can seek funding through Catalyst, IOE maintenance, OSC proposal, or resubmit for 2026 budget.
- Yes 27.9M ₳ No rationale
- Yes 25.9M ₳ No rationale
- Yes 25.2M ₳ Rationale
I have voted YES on the current proposal to fund TxPipe Pallas. Pallas is now a critical Rust-native foundation for Cardano development and both open source maintenence and TxPipe talent retention are important to the success of Cardano
- Yes 22.7M ₳ No rationale
- Yes 22M ₳ No rationale
- Yes 21.3M ₳ No rationale
- Yes 21.2M ₳ Rationale
I support the continued funding for the development of Pallas as a critical piece of Rust tooling for Cardano. I value it’s open-source nature, wide collaboration and usage that it has achieved across the ecosystem to date with projects listed including Aiken, Lucid, Mithril and Amaru.
This is one of a number of treasury withdrawal requests from TxPipe and I respect that they divided their requests into their respective projects rather than bundling them all into one request, allowing ada holders the opportunity to express their views on what areas they would like to see treasury funds committed to.
As 1 of 15 proposals in this series of 39 treasury withdrawal governance actions that I had previously voted for during the budget reconciliation process via Ekklesia I vote YES. In keeping with previous voting intentions of keeping total treasury withdrawal expenditure below 250 million ada I have focussed my selections on core development and essential maintenance of community tooling as we enter this critical period of the market cycle. I have tried to balance between large project asks and smaller but still very essential maintenance for existing tooling, with projects that have a proven track record.
- Yes 21.1M ₳ No rationale
- Yes 20.3M ₳ No rationale
- Yes 17.4M ₳ No rationale
- Yes 17.1M ₳ No rationale
- Yes 16.7M ₳ Rationale
Long-Term Sustainability
Pallas provides Rust-based libraries for parsing and interacting with the Cardano protocol, enabling alternative clients and tooling. Maintaining this codebase supports protocol diversity and reduces systemic reliance on Haskell-only infrastructure.Builder and Ecosystem Growth
Rust is widely adopted in systems programming, and Pallas makes Cardano accessible to Rust developers. This supports new tooling, lighter clients, and broader integration potential across exchanges, wallets, and custom infrastructure.Decentralization and Community Engagement
By enabling non-Haskell node tooling, Pallas strengthens client diversity—a core pillar of decentralization. The project is openly developed and maintained by long-standing contributors within the Cardano open-source ecosystem.Responsible Treasury Spending
This proposal is well-scoped and targets essential maintenance of foundational infrastructure. At ₳220,914, we view this as responsible treasury spending that reinforces both decentralization and developer inclusion. - Yes 16.4M ₳ Rationale
Treasury withdrawals
Software Development Proposals:
Development budgets should not be funded from the treasury. Instead, the treasury should be used to incentivize feature completion through grants. The treasury should not operate as a venture capital fund or to fund ongoing development budgets. It should be results oriented and decoupled from budgeting. Dracula DAO Deep will make exceptions this round for projects that deliver specific, high value features or results at a reasonable ask amount.Marketing Proposals:
Marketing budgets are the best way to fund these types of efforts. Judgement should be used based on the ask amount and value proposition.Research Proposals:
Research budgets should be evaluated based on the track record of the team being funded, the value proposition and whether the results are released to the public.DAO Funding:
DraculaDAO believes DAOs should find other ways to support operations other than public treasury funds.Bitcoin:
Dracula DAO Deep is against purchasing Bitcoin with treasury funds, and are generally not in favor of a tight Bitcoin / Cardano partnership. Bitcoin DeFi is ok as long as the value proposition remains with Cardano. Cardano is already Bitcoin++ and treasury funds should not be used to encourage or sustain BTC energy waste and outdated consensus model.Yes - MLabs Core Tool Maintenance. Ask is reasonable.
Yes - Midgard Optimistic Rollups. This is urgently needed as an L2 solution for Cardano and the ask is reasonable.
Yes - Hardware Wallets Maintenance. This is necessary and ask is reasonable.
Yes - Pallas Rust Tooling. Core tooling used by many projects and ask is reasonable for the specific deliverable.
Yes - UTxO RPC
Yes - Lucid Evolution Maintenance
Yes - zkFold ZK Rollup
Yes - Dolos. Ask is reasonable with specific deliverable.
Yes - Ledger App rewrite
Yes - Paid Open Source Model. This looks like a nice way to take the VC function out of the treasury and start towards incentivizing projects through features and benefits like bug bounties. Willing to take a chance on this, but will vote no in the future if results are disappointing.
Yes - Gerolamo node in typescript
Yes - MLabs Core Tools: Plutarch. Ask is reasonable
Yes - ZK Bridge
Yes - Eternal maintenance
Yes - Scalus Development Platform
Yes - Cexplorer.io
Yes - Native Asset CDN
Yes - Adastat.net
Yes - Intersect MBO. DraculaDAO does not like the high ask amount and the budgeting approach, but for Intersect MBO there may not be a better way like there is with software development. Therefore DraculaDAO supports this proposal, realizing this possibly breaks with the general guidelines DraculaDAO described above.
Yes - Beyond Minimum Viable Governance. Focused feature set and reasonable ask. IOHK should use this approach for all its teams.
Yes - Cardano Summit
Yes - Unified Global Events Marketing
Yes - Quadratic Funding. Reasonable ask for a specific feature.
Yes - Cardano Ecosystem Pavilions
Yes - High-yield RWA Asset. Direct communication with this vendor increased our faith in this project and have changed our stance on this.
Yes - Expanding Stablecoin / Native Asset Support. This was marginal in terms of ask amount and number of features grouped together.
Yes - OpShin
Yes - PyCardano
Yes - Cardano Product Committee
Yes - BloxBean Java Tools
Yes - Input Output Research
Yes - MLabs ResearchAbstain - Input Output Core Development. This is simply a warning shot as DraculaDAO expects this proposal will pass. We are generally in favor of the initiatives and features being delivered by IOHK, but believe the ask is too high as a single budget line item and do not want to set a precedent of another ask of similar magnitude for the next budget cycle. Instead, IOHK should divide its deliverables into features and ask the treasury for grant incentives delivered on completion of the each feature (see Beyond Minimum Viable Governance as what we see as a good example). We are not in favor of such a large withdrawal encompassing such a large number of features. In general we do not support using the treasury for budget line items as mentioned in the introduction to this rationale.
Abstain - Blockfrost Community Budget. We support Blockfrost and operate an icebreaker node. There are no specific features mentioned, just an ongoing budget line item, which we do not support. We will support Blockfrost in other ways.No - Web3 developer stack for Bitcoin integration. DraculaDAO does not support a tight integration with Bitcoin.
No - TWEAG Proposals. We see value there but the ask is too large and too many deliverables bundled together.
No - Catalyst 2025. Ask is too large as a single budget request.
No - Cardano Builder DAO. Treasury should not be used to incentivize features, not fund ongoing budgets for software development or DAOs.
No - Market making should have other ways to fund operations. - Yes 14.2M ₳ No rationale
- No 14.1M ₳ No rationale
- Yes 12.2M ₳ Rationale
Disclaimer: This is a general rationale we have prepared to support our “yes” vote on all the 39 treasury withdrawal actions. This follows careful review and consideration of the metadata of these treasury withdrawal proposals and hence is not a blanket voting practice.
We, the Wada DRep Committee, have decided to upvote on all 39 Treasury Withdrawal governance actions currently live on-chain and submitted under the administration of IntersectMBO. These actions are the necessary implementation step following the community's approval of the ₳275.3 million Cardano Ecosystem Budget, the necessary budget info action that precedes the treasury withdrawal process. Our support reflects not only continuity with our earlier "yes" votes on the overarching budget info action and its constituent proposals but also our confidence in the smart contract guide and project execution mechanisms Intersect has established as an administrative body for these proposals.
Each of these 39 withdrawals corresponds directly to proposals that have already passed a respective Budget Info Action with wide community and DRep support of 64.23%. As Wada DRep, we reviewed, scored, and supported many of these initiatives during the budgeting phase, using our internal ₳280M Net Change Limit framework. Our endorsement of the full ₳275.3M package was not a blanket approval but the outcome of detailed deliberation. Therefore, we see it as our responsibility to honor those community-approved funding decisions by affirming these follow-up Treasury withdrawal governance actions.
Importantly, we are confident in Intersect’s role as the administrator of these treasury disbursements. We have independently reviewed the Smart Contract Guide, disbursement architecture, and accountability structures associated with these withdrawals. The use of milestone-gated smart contracts, multi-signature treasuries, and on-chain/off-chain tracking mechanisms provides strong assurance of transparency, risk management, and community accountability. We are particularly satisfied that Intersect has adopted security-audited contract templates and provides public documentation on how treasury funds will be administered, paused if necessary, and even returned if unused.
In our view, rejecting or abstaining from these Treasury Withdrawals at this stage would risk destabilizing delivery timelines, undermining community trust, and introducing administrative conflicts that may violate the spirit of the Constitution’s Articles on budgeting. We believe that treasury funding is not just about allocation; it’s about consistent and credible execution. As such, the DRep role requires continuity and follow-through, especially when prior voting outcomes have clearly mandated action.
Therefore, in alignment with our constitutional responsibilities, community-aligned decision-making, and our assessment of Intersect’s administrative protocols, we have decided to upvote on all 39 Treasury Withdrawals Governance Actions.