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Withdraw 3,810,423 ada for Mithril Protocol

System1mo ago2 posts
Participation21
Reactions00
Last activity3d ago
System1mo ago

On-chain governance action (Treasury Withdrawals).

This Treasury Withdrawal funds Mithril Protocol.

This Treasury Withdrawal is submitted by Intersect on behalf of the vendor. The content for the following sections; Abstract, Motivation and Rationale have been sourced from the approved proposal submitted by the Vendor as part of the Intersect budget process.

  • Proposer return address: stake1uyvjdz9rxsfsmv44rtk75k2rqyqskrga96dgdfrqjvjjpwsefcjnp
  • Deposit: 100,000 ₳
  • Submitted: epoch 638
  • Expires: epoch 645

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I voted in favour of this proposal. As a DRep and SPO who has been a Mithril Signer since its launch on Cardano Mainnet in July/Aug 2023 I have witnessed both its development and usefulness first hand, having also used Mithril multiple times to reduce node upgrade times across multiple networks.

In 2025, Mithril facilitated 7,073 node restorations, while in 2026 it has been utilised 5,551 times, totalling 12,624 database downloads over the 2 years. (Source: Mithril Insights). On Mainnet, if this saved a conservative 8 hours per node sync, this has resulted in a massive 100,992 hours saving in node setup/upgrade times.

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