Withdraw ₳583,000 for Eternl Maintenance administered by Intersect
166 DReps voted · 49 with a rationale
Open a row to read the rationale.
- Yes 819K ₳ No rationale
- Yes 810K ₳ No rationale
- No 793K ₳ Rationale
My favorite wallet, but I prefer Catalyst for this funding request.
- No 785.2K ₳ No rationale
- Yes 765.1K ₳ No rationale
- Yes 733.1K ₳ No rationale
- Yes 717.1K ₳ No rationale
- Yes 654.5K ₳ No rationale
- Yes 624.8K ₳ Rationale
I have voted in favor of this action to demonstrates my intention to execute without delays and move the treasury expenditure process forward. I also want to note that I will not seriously consider individual requests from the treasury for less that 1,500,000 ADA moving forward. I reserve the right this round because I feel the process was not properly explained to proposers and DRep and it would be unfair to implement this personal guardrail at this time. Requests below that threshold are better suited for Catalyst funding or bundled together in MBO, DAO, or conglomerate entities. TWA (Treasury Withdrawal Actions) need be comprehensive and not ad hoc as that makes oversight more costly and inefficient.
A budget and all included line items has already been approved, and now is the time to disperse funding and enable further development of the Cardano network. The proposal was selected through a well-defined process, and I will fully support it out of respect for the will of the broader Cardano community and a belief in respecting the consensus we achieved together under the Intersect-administered budget process. The process reflects a coordinated, strategic approach to funding Cardano’s ecosystem-critical infrastructure. The community has thoroughly reviewed the proposal. I was actively involved in the entire process and the proposal presented represents development that provides a tangible benefit to our ecosystem. It would be a mistake to underfund our ecosystem’s development when we can sustainably provide the required funding with our available treasury reserves.
Furthermore there are exceptional oversight mechanisms in place to ensure a minimum amount of wast, fraud, and abuse of treasury expenditures, such as Intersect’s smart contract framework (audited by TxPipe and MLabs), Multi-party oversight (including Cardano Foundation, Sundae Labs, NMKR, etc.), A clear milestone-driven disbursement model, and full transparency via TRSC/PSSC dashboards.
These governance and assurance systems meet the constitutional standards for accountability and risk management and provide confidence in efficiency and execution. - Yes 589.2K ₳ No rationale
- No 502K ₳ Rationale
€30,000 per month for wallet maintenance is senior developer salary territory for what should be operational upkeep. Eternl has been around for four years - if they can't figure out a sustainable business model by now, that's a business problem, not a treasury problem.
Wallets benefit from the entire ecosystem's success. They should be investing in that ecosystem, not asking it to subsidize their operations indefinitely. - Yes 466.2K ₳ No rationale
- Yes 445.1K ₳ No rationale
- Yes 443.5K ₳ No rationale
- Yes 385.6K ₳ Rationale
Krypto Labs have taken part in the budget debates and agree with proposer that this is something the Cardano blockchain ecosystem need.
I started with making a rationale and arguement for each proposal, but to save time i need to do bulk voting to speed this prosess up. - Yes 382.6K ₳ No rationale
- Yes 377.3K ₳ No rationale
- Yes 371.8K ₳ No rationale
- Yes 328.9K ₳ No rationale
- No 314.4K ₳ Rationale
In alignment with my voting during the 2025 Cardano Budget Reconciliation process on the Ekklesia platform, I don't support this withdrawal and therefore vote NO.
In alignment with my voting during the 2025 Cardano Budget Reconciliation process on the Ekklesia platform, I don't support this withdrawal and therefore vote NO.
- Yes 298.6K ₳ Rationale
I'm defaulting to voting yes because there is some degree of consensus already achieved on each of these. So unless I have a significant issue with one of these proposals I will be voting yes on it.
- No 291.3K ₳ No rationale
- Yes 271.5K ₳ No rationale
- Yes 262.3K ₳ No rationale
- Abstain 258.6K ₳ Rationale
This vote was submitted based on a completed checklist. A detailed rationale is available at:
👉 https://github.com/Agora-Cardano - Yes 257K ₳ Rationale
I vote YES on the treasury withdrawal proposal for ₳583,000 to maintain and sustain Eternl, a core user wallet infrastructure for Cardano.
Eternl has demonstrated consistent operational and technical capability since 2021, supporting a wide range of users across platforms.
The proposal seeks operational funding necessary to cover mature, steady-state maintenance costs, critical for ensuring ongoing security, reliability, and compatibility within the Cardano ecosystem. Maintaining a high-quality wallet infrastructure facilitates user retention, network participation, and developer integration, which are vital for long-term ecosystem health.
The governance framework ensures accountability and transparency via a legally binding contract with clear milestones, third-party milestone assurance, and audited on-chain treasury tooling managed under a multisig and Oversight Committee to reduce risks of fund mismanagement.
The requested budget is consistent with industry norms for sustained maintenance of essential software services. Approval will preserve a key gateway for Cardano's users and developers, supporting continued platform growth and adoption.
- Yes 252.6K ₳ No rationale
- No 245K ₳ No rationale
- Yes 238.6K ₳ No rationale
- Yes 208.6K ₳ Rationale
Eternl is a trusted, community-driven wallet serving ~100,000 Cardano users with secure, multi-platform access to DeFi, staking, and governance. Its €30,000/month maintenance ensures reliability, complementing Lace’s IOG-funded model. While Lace leverages IOG’s resources, Eternl’s independent status necessitates treasury support to cover operational costs, sustaining ecosystem diversity and user choice. With Intersect’s transparent oversight, this investment drives adoption and dApp innovation, offering strong ROI for Cardano.
- Yes 206.4K ₳ No rationale
- Yes 190.2K ₳ No rationale
- Yes 184.4K ₳ Rationale
I am voting yes on all 39 Intersect Governance actions. The community has thoroughly reviewed the many proposals presented in the Intersect Budget Process for the 2025 budget. I was deeply involved in the entire process as an SME for the Budget Committee, and then as the Secretary for the Budget Committee.
The proposals presented represent an incredible amount of development for our ecosystem for the next year. The teams all received at least 50% on Ekklesia polling. The teams will face milestones in order to continue to receive funding. If a team fails to deliver, the process will stop them from enriching themselves without returning value.
If anything, we are spending too little on our community. We need to spend more to further develop our governance and our organized events. This is a liquid democracy. If you believe that all of these proposals deserve a chance to deliver, you can shift your delegation to my DRep ID.
- Yes 180.9K ₳ No rationale
- No 177.6K ₳ No rationale
- Yes 143.9K ₳ No rationale
- Yes 137.3K ₳ No rationale
- Yes 131.6K ₳ No rationale
- Abstain 111.7K ₳ No rationale
- Yes 103K ₳ No rationale
- Yes 88.7K ₳ No rationale
- No 65.6K ₳ No rationale
- Yes 64.7K ₳ No rationale
- Yes 61.9K ₳ No rationale
- Yes 61.8K ₳ No rationale
- No 59.6K ₳ No rationale
- Yes 58.6K ₳ No rationale
- Yes 55.9K ₳ No rationale
- Yes 53K ₳ No rationale
- No 49.3K ₳ No rationale