Withdraw ₳6,000,000 for Cardano Summit 2025 and regional tech events
172 DReps voted · 51 with a rationale
Open a row to read the rationale.
- Yes 592.3M ₳ Rationale
Summary
Yoroi as DRep votes YES on the governance action to fund Cardano Summit 2025 and Regional Tech Events.Rationale
Proven Execution: The Cardano Foundation has consistently delivered large-scale events with strong institutional engagement and broad reach.
Community Collaboration: This year’s proposal was co-developed with regional teams, ensuring grassroots participation and relevance.
Ecosystem Visibility: By showcasing real-world impact and onboarding new users, the Summit supports Cardano’s long-term growth and DeFi adoption.
Yoroi is convinced that this initiative serves as a strategic communication and adoption lever, and fully support its continuation and expansion.
- Yes 428.5M ₳ Rationale
I voted YES for the Cardano Summit. KPIs and targets, such as performance indicators, have now been clarified. A 15-20% increase in development activity in return for 6 million ADA is an ambitious target.
The two founding entities, RareEVO, Wada and Cardano Solar, have the experience and resources to make this happen.
Of course, there is some debate as to whether the measurement methods used on the following site are accurate, but it appears that the number of Cardano developers has not increased significantly in recent years.
https://www.developerreport.com/ecosystems/cardano
Cardano Summit にYESを投票しました。成果指標など、KPIやターゲットが明確になりました。600万ADAの対価として15-20%の開発アクティビティ向上をもたらすことは意欲的なターゲットです。
２つの創業エンティティとRareEVO、Wada、Cardano Solarはこれを実現するための経験とリソースがあります。
もちろん、次のサイトの計測方法が正しいかという議論はありますが、Cardanoの開発者はここ数年あまり増えていないようです。
https://www.developerreport.com/ecosystems/cardano
Cardano Summit performance KPI targets have been announced!
The two founding entities (CF/EMURGO), RareEVO, Wada, and Cardano Solar will join forces to increase GitHub activity and DApp deployments by 15-20% with 6 million ADA resources. If the Summit results in a significant increase in these next year, the Summit will be a success; if not, it will be a failure. There are also several other metrics, such as the geographic distribution of Catalyst submitters.
Cardano Summit のパフォーマンスKPIターゲット値が公表されました！
２つの創業エンティティとRareEVO、Wada、Cardano Solarが力を結集して、600万ADAのリソースで、15-20%のGitHub activity, DApp deploymentsの増加に取り組みます。来年になり、Summitの成果でこれらが優位に増加していれば、Summitは成功で、そうでなければ失敗です。その他にも、いくつかの指標があります。
- Yes 328.3M ₳ No rationale
- Yes 297.4M ₳ Rationale
Summary
EMURGO as DRep votes YES on the governance action to fund Cardano Summit 2025 and Regional Tech Events based on rationale provided belowRationale
As a global event platform, the Cardano Summit has consistently delivered strategic value; from developer onboarding and ecosystem coordination to attracting capital and media attention. The 2025 proposal builds on that momentum with a multi-regional model co-executed by community-aligned partners.EMURGO is confident in the Cardano Foundation’s track record and its ability to deliver world-class events. This year, we are honored to contribute as a regional co-host for the India Summit and will continue to support initiatives that expand Cardano’s adoption across global hubs.
- 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.
- Abstain 174.4M ₳ No rationale
- Yes 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: 2
- Cost compared to similar proposals: 1
- Personal or community usage and benefit: 1
Total score: 9
- Yes 92.1M ₳ No rationale
- Yes 89.8M ₳ Rationale
SIPO supports this proposal to withdraw ₳6,000,000 from the Cardano Treasury for the Cardano Summit 2025 and regional tech events.
Reason for Support:
SIPO believes that the Cardano Summit 2025 and the accompanying regional events represent a strategically critical initiative for the global expansion and adoption of the Cardano ecosystem. This proposal, coordinated by the Cardano Foundation and Intersect, is comprehensive in scope, clearly aligned with the 2025 approved budget framework, and backed by experienced implementers with proven track records.
Key points:
1. Global Outreach & Developer Onboarding:
• The proposal provides a well-distributed calendar of events including a main summit in Europe and four regional tech events across the US, Africa, LATAM, and India.
• Dev Days and hackathons at each regional event will help dismantle the myth that “Cardano is hard to build on,” thereby accelerating developer onboarding and infrastructure growth.
2. Strategic Impact:
• Events are designed not only for exposure but also for collaboration: connecting developers, enterprises, regulators, and media under one roof.
• This strengthens network effects and global partnerships, supporting governance adoption, business development, and scaling strategies.
3. Institutional Capacity & Accountability:
• The proposal is backed by high-capability organizations such as the Cardano Foundation, EMURGO, Rare Evo, WADA, Catalyst Africa Town Hall, and ADA Solar.
• All project milestones, contracts, payment disbursements, and auditing are governed through Intersect’s smart contract framework and oversight by an external committee.
4. Treasury Management & Transparency:
• The funds will be administered using audited, secure smart contracts with well-defined milestone-based disbursements.
• Community dashboards and IPFS-anchored documentation guarantee transparency and verifiability.Conclusion:
SIPO supports this proposal because it builds essential infrastructure for Cardano’s global visibility, education, governance integration, and collaborative innovation. It fulfills constitutional standards and provides strong ROI through community growth, reputational strengthening, and adoption momentum.
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SIPOは、「Cardano Summit 2025および地域技術イベント」のために₳6,000,000の財務引き出しを行う本提案に賛成票を投じます。
支持理由：
SIPOは、Cardano Summit 2025とそれに付随する地域イベントが、Cardanoエコシステムのグローバルな普及と採用拡大において戦略的に極めて重要な取り組みであると判断しています。本提案はCardano FoundationとIntersectによって調整され、2025年度承認予算に明確に整合し、実績ある団体によって実行されます。
主な理由：
1. グローバル展開と開発者オンボーディング：
• ヨーロッパでのフラッグシップ・サミットに加え、米国、アフリカ、LATAM、インドでの4地域イベントが計画されています。
• 各イベントに組み込まれるDev Daysやハッカソンにより、「Cardanoは開発が難しい」という誤解を払拭し、開発者獲得とインフラ成長を加速させます。
2. 戦略的インパクト：
• 単なる広報にとどまらず、開発者、企業、規制当局、メディアなどが集う「協働の場」として設計されています。
• ガバナンス導入、ビジネス開発、スケーリング戦略の促進に向けた国際的ネットワーク形成を後押しします。
3. 実行能力と説明責任：
• 実施団体にはCardano Foundation、EMURGO、Rare Evo、WADA、Catalyst Africa Town Hall、ADA Solarが名を連ねており、各地域における確かな実績と専門性を有しています。
• プロジェクトの全マイルストーン、契約、支払、監査は、Intersectのスマートコントラクトおよび外部監査委員会によって厳格に管理されます。
4. 財務管理と透明性：
• 資金は、審査済みで安全なスマートコントラクトを用いてマイルストーンベースで分配されます。
• ダッシュボードやIPFSによる記録により、完全な透明性と検証可能性が担保されます。結論：
SIPOは本提案を支持します。それはCardanoのグローバル認知度、教育基盤、ガバナンス統合、そして協働型イノベーションのための基盤を構築するものです。憲法上の要件を満たしつつ、コミュニティ成長・ブランド価値の強化・採用促進といった多面的なROIを提供する、極めて有益な支出であると判断します。
- No 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. - Abstain 77.3M ₳ No rationale
- Yes 76.1M ₳ No rationale
- Yes 74.7M ₳ No rationale
- No 71.3M ₳ Rationale
I am voting NO. While events are valuable, they should be self-sustaining or community-driven, not centrally managed by founding entities like the Cardano Foundation and funded by the treasury. This is not a sustainable use of public funds, and bundling five events prevents granular oversight.
A PDF version of this rationale is also made available.
I'm voting NO. While I support community events, I have fundamental concerns with this top-down structure and unsustainable funding model.
For true decentralization, our global presence shouldn't be centrally managed by founding entities. This should be a diverse ecosystem of independent organizers. Furthermore, large events should strive for self-sufficiency, not rely on the treasury for what are effectively marketing costs. The bundling of five distinct events also prevents necessary granular oversight from the community.
- 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
After reviewing the detailed proposal and confirming the structure of execution—including the five regional events (Europe, US, Africa, LATAM, and India) led by trusted ecosystem players—I have changed my stance to YES.
The Cardano Summit 2025 is more than a symbolic event. It is a global initiative aligned with the community’s long-term goals: increasing visibility, strengthening developer support, and fostering adoption through real-world engagement.
Backed by proven contributors like the Cardano Foundation, EMURGO, and others, this proposal is a continuation of an already approved budget action. I now support it based on its strategic relevance and well-defined delivery plan.
提案内容を精査した結果、欧州・米国・アフリカ・LATAM・インドの5地域での開催が計画されており、Cardano FoundationやEMURGOなど信頼できるパートナーによって実施されることを確認できたため、YESに転じました。
Cardano Summit 2025は単なる象徴的なイベントではなく、開発者支援・採用促進・実世界との接点強化など、Cardanoコミュニティの長期的目標に沿った戦略的な取り組みです。
すでに承認済の予算に基づく実行フェーズである点も踏まえ、本提案を支持します。
- 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.
- No 49.7M ₳ Rationale
Following the previous vote on Ekklesia.
- No 48.4M ₳ Rationale
Cardano Summit cost is too high for the reach it gets, the money is better spent to sponsor booth at events like Token2049
- Yes 42.4M ₳ No rationale
- Yes 40M ₳ Rationale
The Summit is an outstanding event and important for bringing Enterprises to Cardano. But I do believe that the Cardano Foundation should fund it themselves. I would hate to see us miss out on having a summit because the board of the CF is not willing to do so though, that's why I'm voting yes and I sincerely hope the CF will reconsider their choice to fund it themselves next year!
- Abstain 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.
- Yes 32.3M ₳ Rationale
The Cardano Summit 2025 Treasury Withdrawal aligns with the HOSKY Cardano First platform by promoting global adoption, developer onboarding, and decentralized growth while ensuring fiscal responsibility and transparency. For these reasons, I will vote in favor of this proposal.
A PDF version of this rationale is also made available.
Cardano Summit 2025 Treasury Withdrawal - Rationale
Author: HOSKY
Summary
The Cardano Summit 2025 Treasury Withdrawal aligns with the HOSKY Cardano First platform by promoting global adoption, developer onboarding, and decentralized growth while ensuring fiscal responsibility and transparency. For these reasons, I will vote in favor of this proposal.
Rationale for Voting in Favor of the Cardano Summit 2025 Proposal
Cardano First: Decentralization and Community Growth
The Summit is a globally distributed event with regional hosts in Europe, USA, Africa, LATAM, and India. This prevents centralization of control and supports the diverse growth of the Cardano ecosystem.
Regional partners include EMURGO, WADA, Rare Evo, Catalyst Africa Town Hall, and ADA Solar. These partners strengthen decentralization by spreading leadership across regions.
The Summit fosters collaboration between developers, SPOs, entrepreneurs, and regulators, aligning with the HOSKY platform's emphasis on community growth and decentralization.
Scalability and Real-World Adoption
The Summit includes global Dev Days and hackathons that onboard new developers and increase network participation. This supports HOSKY’s focus on real-world adoption.
The events highlight real use cases in industries like finance, supply chain, and healthcare, helping Cardano expand practical adoption in meaningful ways.
Layer 2 scaling solutions are addressed, but the focus remains on strengthening Layer 1 through education and collaboration.
Fiscal Responsibility and Transparency
Intersect manages treasury disbursement using audited smart contracts with oversight from Sundae Labs, Cardano Foundation, NMKR, Xerberus, and DQuadrant.
Milestone-based funding with a third-party assurer ensures that funds are only released upon delivery, consistent with HOSKY’s fiscally conservative approach.
Vendor contracts include clear delivery schedules, dispute resolution, and public reporting, ensuring transparency and accountability.
Transparency and Open Reporting
All Summit plans, KPIs, and budgets are published publicly via IPFS and on-chain metadata. Community dashboards will track funds and delivery progress.
This supports HOSKY’s commitment to open governance and full transparency in spending.
Conclusion: A Vote Consistent with the HOSKY DRep Platform
HOSKY’s DRep platform commits to:
- Decentralization without compromise
- Adoption through real-world use cases
- Fiscal responsibility and milestone-based funding
- Transparent reporting and accountability
The Cardano Summit 2025 proposal meets all of these standards.
Also, let’s be honest. Without the 2025 Summit, how will HOSKY win its fourth Summit Award in a row? 😉
For these reasons, I will vote in favor of this proposal.
- Yes 31M ₳ No rationale
- Yes 27.9M ₳ No rationale
- Yes 27.4M ₳ No rationale
- Yes 25.9M ₳ Rationale
I will support the Cardano Foundation in its role as an organizer of events, as it currently stands as the most established entity with a strong and consistent track record.
The Foundation has both the legitimacy and experience to lead such initiatives, along with the network necessary to attract new participants, including individuals, corporations, and NGOs.
- Yes 25.2M ₳ Rationale
I have voted YES on the current proposal to fund Cardano Foundaton for the Cardano Summit and regional tech events. While these events are expensive, they are extremely fruitful in regards to networking which is critical to ecosystem growth.
- Yes 22.7M ₳ No rationale
- Yes 22M ₳ No rationale
- Yes 21.3M ₳ No rationale
- Yes 21.2M ₳ Rationale
I vote in favour of funding the Cardano Summit 2025 and regional tech events. The proposal does provide almost comprehensive global coverage with the flagship event in Europe for the first time in 3 years while North America, South America, Africa and Asia coverage is achieved by proposed 2-day tech events for each region. Regional events each have their own proposed “owner” that each have intimate knowledge of their regions which should hopefully maximise each events impacts and reach.
Having attended satellite events in 2022 and 2023, followed by the flagship event in 2024 I appreciate the importance that these events play in networking and outreach, both within our own ecosystem and out to the wider cryptocurrency ecosystem.
While not originally one of my selections during the Ekklesia budget reconciliation process, I have decided to vote in favour of funding this proposal at this time.
- Yes 21.1M ₳ No rationale
- Yes 20.3M ₳ No rationale
- Yes 19.9M ₳ Rationale
As a Drep, I vote yes on this proposal in line with my Ekklesia vote earlier this year.
- Yes 17.4M ₳ Rationale
It would have been easier to vote in favour of this withdrawal if it was possible to trust Cardano Foundation to always act in the best interests of the Cardano community. The fact that Cardano Foundation members publicly assert that Cardano Foundation is not required to act in the best interests of the Cardano community is concerning, and furthermore this stance reduces the decentralisation of Cardano.
- Yes 17.1M ₳ No rationale
- Abstain 16.7M ₳ Rationale
Long-Term Sustainability
The Cardano Summit has consistently served as a high-visibility event that brings the global community together, supporting ecosystem awareness and narrative alignment. Continued investment in such events can reinforce Cardano’s reputation and long-term relevance.Builder and Ecosystem Growth
In principle, the Summit offers a valuable opportunity for builders and teams to network, pitch ideas, and gain exposure. However, past editions have required projects to pay to showcase their work—including for keynotes, booths, or even to display their logos—which limits access and disproportionately favors well-funded teams.Decentralization and Community Engagement
If funded by the treasury, the Summit should function as a true public good, accessible to the entire Cardano ecosystem. We would expect free attendance, equal opportunity for projects to present, and fair representation across regions and project types, not a pay-to-play structure.Responsible Treasury Spending
₳6,000,000 is a significant ask and must come with clear value for the community. Without guarantees of open access and free presentation platforms for Cardano projects, the funding risks reinforcing exclusivity rather than enabling broad ecosystem engagement.
We Abstain, as we support the intent but cannot endorse the current model without commitments to inclusivity, transparency, and fair access for all builders. - 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
- Yes 14.1M ₳ No rationale
- Yes 12.2M ₳ No rationale