Withdraw ₳6,000,000 for Unveiling the First Unified Global Events Marketing S...
180 DReps voted · 59 with a rationale
Open a row to read the rationale.
- Yes 592.3M ₳ Rationale
Summary
Yoroi votes YES on the governance action to fund the Unveiling the First Unified Global Events Marketing Strategy for Cardano proposal.Rationale
Strengthens Cardano’s global presence:
Brings unified, professional branding to global blockchain events, improving visibility and perception.Targets developer and institutional engagement:
Focused outreach can attract partnerships, adoption, and new talent into the ecosystem.
By voting YES, we see this as a timely investment to reinforce Cardano’s identity in a competitive space.
- Yes 428.5M ₳ Rationale
I vote YES to the 6 million ada event proposal.
I have confirmed that the KPIs for the 6 million ADA event proposal exclude any impacts outside of that proposal.
(For example, the 10-15% YoY growth in new developers due to the 6 million ADA Cardano Summit is excluded. Other increases in developers due to contexts unrelated to this proposal are also excluded.)
Summit
https://x.com/CardanoSummit/status/1952376959004029201Event
https://x.com/Cardano_CF/status/1953063601113031005In other words, EMURGO, CF, and RareEVO will be putting their reputation on the line to achieve 25-35% dev growth.
(Summit 15-20%+Booth 10-15%)Depending on how you measure it, this is a fairly ambitious target, given the statistics on Cardano's developer numbers over time.
Cardano Dev Report
https://www.developerreport.com/ecosystems/cardanoThe Booth proposal is not just about setting up a booth, but is a package that also includes hosting side events such as a hackathon.
There are also KPI targets other than those related to developers, as well as specific KPI targets for each event (which will apparently be made public later).
While some have suggested that the founding entities should use Genesis ADA, I believe it makes sense to hold the founding entities accountable for achieving 25-35% dev growth(+α) with 12m ADA.
私は600万ADAのイベントの提案書にYESを投票します。
私は600万ADAのイベントの提案書のKPIは、その提案書以外のインパクトは除外されることを確認しました。
（例えば、600万ADAのCardano Summitによる10-15% YoY growth in new developersは除外されます。その他、この提案書と関係のない文脈で増加した開発者を除く。）
Summit
https://x.com/CardanoSummit/status/1952376959004029201Event
https://x.com/Cardano_CF/status/1953063601113031005すなわち、25-35%ほどのdev の成長をEMURGOやCFやRareEVOがその威信にかけて取り組むことになります。
どう計測するかにもよりますが、これはCardanoの開発者数の推移に関する統計から見てもかなり意欲的なターゲットです。
Cardano Dev Report
https://www.developerreport.com/ecosystems/cardanoBoothの提案書は単にブースを設立するだけではなく、ハッカソンといったサイドイベント開催を含むパッケージになっています。
開発者に関連する以外のKPIターゲットもあり、また、各々のイベント毎に細かく決められたKPIターゲット（これに関しては後ほど公開されるようです）もあります。
創業エンティティは、Genesis ADAを使ってほしいという意見もいくつかありますが、私は12m ADAで、25-35%ほどのdev の成長(+α)を達成する責任を創業エンティティに課すことは意味があると思います。
- Yes 328.3M ₳ No rationale
- Yes 297.4M ₳ Rationale
Summary
EMURGO as DRep votes YES on the governance action to fund the Unveiling the First Unified Global Events Marketing Strategy for Cardano proposal based on the rationale below.Rationale
A cohesive global events and marketing strategy is essential to elevate Cardano’s visibility on the international stage. Competing ecosystems have made significant gains through consistent branding and developer outreach via flagship events.This proposal as a standalone or as complementary of the other similar proposals offers a focused approach to positioning Cardano as a serious Layer 1 contender by aligning messaging, strengthening branding, and creating touchpoints across developer, enterprise, and policymaker communities. Given the scale of the opportunity and the need to reduce brand fragmentation, we proudly support this initiative and vote yes.
- 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 160.5M ₳ 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.
- No 93.3M ₳ Rationale
The vote for this withdrawal is NO. 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: 0
- Team strength, feasibility, and track record: 2
- Impact on the Cardano ecosystem: 2
- Value for money: 1
- Cost compared to similar proposals: 1
- Personal or community usage and benefit: 0
Total score: 6
- Yes 92.1M ₳ No rationale
- Yes 89.8M ₳ Rationale
SIPO votes Yes to the proposal “Unveiling the First Unified Global Events Marketing Strategy for Cardano” for the following reasons:
- Strategic Branding Alignment
Cardano has long lacked a unified presence at global blockchain events. This proposal corrects that by establishing a centralized marketing strategy that explicitly carries the “Cardano” brand—free from third-party business dilution. This allows for consistent messaging, stronger brand recognition, and a clearer identity in the competitive L1 space.
- Direct Response to a Recognized Problem
The proposal addresses a critical gap: fragmented Catalyst-funded events that often omit the Cardano brand. This leads to low visibility and fragmented outreach. In contrast, competitors like Solana and Aptos have shown the success of unified branding through recurring global developer events. Cardano must catch up.
- Experienced and Credible Implementers
The campaign will be executed by a trusted consortium:
• Cardano Foundation: Ensures mission-aligned nonprofit governance.
• EMURGO: Brings commercial outreach and Japan-based infrastructure.
• Rare Network: Offers Web3-native event execution experience (RareEvo).Their combined expertise ensures professional execution and global reach.
- Well-Planned, Global-Scale Impact
The proposed strategy includes branded sponsorships at major global events in 2025 and 2026, directly engaging developers, enterprises, policymakers, and enthusiasts. The event list is published and thoughtfully selected to maximize visibility and engagement.
- Strong Governance and Transparency
The treasury disbursement is governed by:
• Smart contracts audited by MLabs and TxPipe
• A multi-party Oversight Committee
• Milestone-based payments with third-party assuranceThese mechanisms ensure transparency, accountability, and delivery monitoring—crucial in handling a ₳6M request.
- Alignment with the Intersect Budget Framework
This proposal is one of the 39 items under the Intersect-administered ₳275M budget, which has already passed the constitutional info-action. The structure conforms to Articles IV.4 and IV.5 of the Constitution, ensuring process legitimacy.
⸻
Conclusion:
SIPO supports this proposal as it provides a comprehensive, Cardano-branded, globally strategic initiative to strengthen visibility, credibility, and adoption. With credible implementers and robust governance, it is a timely and impactful step forward.⸻⸻⸻⸻⸻⸻⸻⸻⸻
SIPOは、提案「カルダノ初の統一的なグローバル・イベント・マーケティング戦略の展開（Unveiling the First Unified Global Events Marketing Strategy for Cardano）」に**賛成（Yes）**票を投じます。その理由は以下のとおりです。
- ブランド戦略の一元化による競争力強化
これまでカルダノは世界各地のイベントで統一された存在感を持たず、ブランディングが分散していました。本提案は、「カルダノ」というブランド名を明確に掲げ、第三者のビジネス目的に左右されないイベント戦略を打ち出すものです。これにより、一貫性のあるメッセージングとブランドの明確な認知が可能となり、L1競争における地位強化が期待されます。
- 既知の課題への的確な対応
本提案は、Catalyst資金によるイベントの多くが「Cardano」ブランドを前面に出していないという問題に対処するものです。一方、SolanaやAptosは開発者向けイベントを繰り返し開催し、TVLやエコシステムを拡大しています。カルダノも同様の戦略が不可欠です。
- 実績ある主要団体による実行
本プロジェクトは以下の信頼できるパートナーによって遂行されます：
• Cardano Foundation：非営利で中立的なガバナンスを提供
• EMURGO：商業展開と日本基盤のネットワークを持つ
• Rare Network：Web3に特化したイベント企画・運営実績（RareEvo運営）この体制により、専門的かつグローバルな実行力が担保されています。
- 計画性と広範な国際的影響
本提案では、2025年・2026年の世界主要イベントでのカルダノブランド露出が予定されており、開発者・企業・政策立案者・エンドユーザーと幅広く接点を持つことが見込まれます。公開されたイベントリストは、最大効果を見込めるイベントを選定しています。
- スマートコントラクトによる透明性と監査体制
本提案の資金執行には以下が含まれます：
• MLabsとTxPipeによるスマートコントラクト監査済
• 複数の第三者による監視委員会
• マイルストーンベースの支払いと第三者保証これにより、透明性・説明責任・進捗確認が制度的に担保されます。
- Intersect予算プロセスとの整合性
この提案は、すでに合意されたIntersect予算₳275Mの39提案の1つであり、憲法第IV条第4・5節に準拠して正当なプロセスを経ています。
⸻
結論：
SIPOは、本提案がカルダノの国際的認知度とブランド価値を高める戦略的施策であり、実行体制や資金管理も信頼に足ると判断し、Yes票を投じます。 - No 89.3M ₳ No rationale
- Yes 89.2M ₳ Rationale
This proposal is one of the ones I most want to see realized. Over the past five years, I have been based in Dubai and have participated in numerous blockchain events. However, I’ve repeatedly witnessed the reality that most attendees are unaware of Cardano. Other chains that have had a presence at global events have rapidly expanded their recognition and are now consistently considered as options by newcomers. I hope this proposal will help break through the current situation and lead to increased recognition and strengthening of the Cardano brand.
この提案は私が最も実現してほしい提案の一つです。私は直近の5年間においてドバイを拠点にあらゆるブロックチェーンイベントに参加してきました。しかし、来場者のほとんどがカルダノを知らないという現実を目の当たりにしています。グローバルイベントに出展してきた他チェーンはみるみる認知を拡大し参入する際の検討材料に入っています。この状況を打開しカルダノブランドの認知拡大と強化を期待します。 - Abstain 77.3M ₳ No rationale
- No 71.3M ₳ Rationale
I'm voting NO. While events are valuable, this is a marketing initiative led by founding entities. If they believe in this strategy, they should fund it from their own revenue, not the public treasury. The treasury is for common goods, not to subsidize the marketing of established organizations.
A PDF version of this rationale is also made available.
I'm voting NO. This top-down marketing strategy, led by founding entities, conflicts with my principles on decentralization and sustainability.
A decentralized brand should emerge from the community, not be directed by its founders. Furthermore, this is an unsustainable use of public funds. If the founding entities see value in these events, they should contribute from their own revenues. Our treasury is for common goods, not to subsidize the marketing of established organizations.
- 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
Although I initially voted No during the Ekklesia phase, after further review and evaluation, I have decided to vote Yes on this proposal.
While Cardano has taken a more cautious approach to global visibility compared to competitors like Solana or Aptos, those ecosystems have effectively expanded developer adoption and brand presence. A protocol-level marketing initiative is essential if Cardano is to maintain relevance and attract talent on a global scale.
This proposal is part of a unified event strategy led by Intersect and executed by reputable organizations—Cardano Foundation, EMURGO, and Rare Network. It will be managed via smart contracts and overseen by independent auditors, ensuring a reasonable degree of transparency and delivery assurance.
Though precise KPIs for marketing can be challenging to define, I believe the strategic vision and execution plan outlined here serve Cardano’s long-term interests. Given the scale of funding and the structure in place, this initiative deserves support.
Ekklesia投票では一時的にNo票を投じていましたが、精査の結果、Yesへと転じることにしました。
CardanoがSolanaやAptosのような開発者流入・認知拡大戦略を取らずにいる間に、競合は確実に市場を押さえています。そうした現実に対抗するためにも、プロトコル単位でブランドを前面に出した広報・マーケティング施策は必要不可欠です。
本提案は、Intersectが主導する統一的なイベント戦略の一環として、Cardano Foundation・EMURGO・Rare Networkという信頼性の高い組織によって運営されます。実施体制や進行状況はIntersectによるスマートコントラクト管理と外部監査体制のもとでモニタリングされる予定であり、資金の透明性や進捗確認の仕組みも一定水準を満たしていると判断しました。
マーケティングという性質上、定量的なKPIを完全に定めるのは難しい面もありますが、戦略全体がCardano全体にとって長期的な利益をもたらすと判断し、今回の予算規模と体制であれば支持に値すると考えます。
- No 65.7M ₳ No rationale
- Yes 62.7M ₳ 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.
- Yes 48.4M ₳ Rationale
While this budget is on high side, Cardano does need to have a global unified marketing strategy. Ideally we would like to see Emurgo work with Cardano Foundation using CF allocation instead but for this year we would like to give Emurgo a chance to prove itself to Cardano community.
- Yes 42.9M ₳ No rationale
- Yes 42.4M ₳ No rationale
- Yes 40M ₳ Rationale
This is a good marketing proposal by multiple reputable entities but the amount of ADA requested is calculated at a very low ADA price. If funded the entities should return the additional ADA if price continuies to stay higher than the calculated price.
- 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.
- 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
- No 31M ₳ No rationale
- Yes 29.3M ₳ No rationale
- No 28.2M ₳ Rationale
Marketing is a tough sell at our current stage, especially with this price tag. I think it's more important to pour resources into product development and then market those key winners when we identify them.
- Yes 27.9M ₳ No rationale
- No 25.9M ₳ Rationale
There is an urgent need for clear, well-crafted materials that highlight Cardano’s capabilities—such as a comprehensive marketing booklet and regular webinars. Beyond that, we need a dedicated "salesforce" able to engage directly with enterprises and communicate Cardano’s value effectively. The current spray-and-pray approach is not delivering meaningful results.
I'm open to collaborating on shaping a more strategic and targeted plan. However, allocating 6M ADA for broad event spending, without a focused execution strategy, does not align with Cardano’s current priorities.
Cardano’s strength lies in its Champions. Marketing efforts should center around them, and the ecosystem should actively support and develop more of these visible leaders.
For these reasons, I am voting NO on this proposal.
- Yes 25.2M ₳ Rationale
I have voted YES on the current proposal to fund a unified global events strategy. We need a more consistant global presence and this marketing addresses that core need
- Yes 22.7M ₳ No rationale
- No 22M ₳ No rationale
- Yes 22M ₳ No rationale
- Yes 21.3M ₳ Rationale
I support the ₳6,000,000 withdrawal for the global events strategy because:
- It’s crucial to boost Cardano's brand visibility at international events, keeping pace with ecosystems like Solana.
- It unifies fragmented efforts under a coordinated Cardano-branded strategy.
- The project is led by trusted entities: Cardano Foundation, Emurgo, and Rare Network.
- Milestones, legal contracts, and independent oversight ensure transparency and accountability.
- It aligns with Cardano’s long-term vision to grow its global builder and partner community.
This initiative is a strategic investment in Cardano’s real-world adoption.
Vietnames
Tôi ủng hộ rút ₳6,000,000 cho chiến lược sự kiện toàn cầu vì:
- Cần thiết nâng cao nhận diện Cardano tại các hội nghị quốc tế, cạnh tranh với các hệ khác như Solana.
- Tạo thương hiệu sự kiện thống nhất, thay vì rời rạc như hiện nay.
- Thực hiện bởi các bên uy tín: Cardano Foundation, Emurgo và Rare Network.
- Có hợp đồng, milestone rõ ràng, minh bạch on-chain và giám sát độc lập.
- Phù hợp với chiến lược dài hạn để mở rộng cộng đồng và thu hút builder.
Tôi tin rằng sáng kiến này sẽ thúc đẩy tăng trưởng thực chất cho hệ sinh thái Cardano.
Japanese
この ₳6,000,000 の資金提案に賛成する理由は以下のとおりです：
- Solanaのようなエコシステムと競うため、Cardanoブランドの認知度向上が国際イベントで重要です。
- 分散的な取り組みを統一し、Cardano公式ブランドの戦略として実行されます。
- 信頼できる団体（Cardano Foundation、Emurgo、Rare Network）が主導しています。
- 法的契約とマイルストーン、第三者による監査があり、透明性が確保されます。
- 開発者・パートナー拡大のための長期戦略に合致しています。
この提案はCardanoエコシステムの成長に向けた戦略的投資です。
- Abstain 21.2M ₳ Rationale
It is incredibly frustrating to see this sudden self-awareness of the “challenges in establishing a consistent and impactful presence at global blockchain events” only emerge the year that the Cardano treasury becomes accessible. We have had teams like Discover Cardano digging into their own pocket to try and plug a gap at a major convention in 2023 that otherwise had zero Cardano representation, demonstrating how such participation could be achieved in a cost-effective way, only to be refused recognition or future funding for their efforts. This situation is wholly a product of founding entities neglecting their remits and responsibilities as genesis ada holders. To now request treasury funding in year one to fix an issue largely of their own making for the past 4+ years is frankly absurd.
This request should come with a public apology, or at least an acknowledgement from those whom this was their remit and responsibility for the past 4+ years, before expecting ada holders to green light funding to fix a problem of their own making.
I will take a moment to acknowledge the efforts and achievements of Rare Network and this rationale is in no way directed at them. What they have achieved over the past 4 years for Cardano events and now the wider crypto ecosystem has been nothing short of amazing. Equally, I am hugely appreciative and respect the efforts that the Cardano Foundation has put in with hosting the Cardano Summit since 2022, this is also not a reflection of that.
I have attended crypto events in the UK over the past few years and last year had to witness Solana and their Superteam initiative go on to do a nation-wide hackathon tour of the UK’s universities, imagine how awkward that felt attending a conference at one of the top 2 universities in the country only to find Cardano, the “academic blockchain”, not even be so much as a footnote on the sponsorship board.
I appreciate the need for this proposal and wish that it had existed for the last 2-3+ years but I cannot in good conscience say yes without an acknowledgement of how we have ended up here in the first place. Therefore, I choose to abstain at this time.
- Yes 21.1M ₳ Rationale
This initiative will actively include regional startups in major events like Token 2049, providing collaborative opportunities for ecosystem participants to gain exposure, we now support this proposal. This approach aligns with our guidelines prioritizing ecosystem growth.
A PDF version of this rationale is also made available.
Upon further review and additional information received, we now support this proposal. The initiative demonstrates strategic value for ecosystem visibility through unified marketing presence at major global events like Token 2049. We've received clarification that the marketing efforts will actively include regional startups and building teams, creating collaborative opportunities for ecosystem participants to gain brand exposure and business development connections. This approach aligns with our guidelines prioritizing ecosystem growth and developer visibility. The proposal now demonstrates sufficient alignment with ecosystem development priorities by creating platforms where building teams can showcase their work to broader audiences through coordinated event participation, ultimately supporting Cardano's adoption goals.
- 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 (CF) to always act in the best interests of the Cardano community. Unfortunately, CF members have publicly confirmed that the Swiss Govt can exert more control over how CF employees vote CF's genesis gifted Ada than can the Cardano community. This unfortunate reality diminishes the decentralisation of Cardano.
- Yes 17.1M ₳ No rationale
- Abstain 16.7M ₳ Rationale
Long-Term Sustainability
A unified global marketing strategy could help improve awareness, clarify Cardano’s positioning, and attract new users. However, marketing alone does not directly enhance the protocol, infrastructure, or developer experience—its impact is indirect and difficult to measure.Builder and Ecosystem Growth
While better marketing may benefit builders through increased visibility, the proposal does not describe how builders will be represented or supported in campaigns. It offers no assurance that dApps, tools, or community projects will be meaningfully included.Decentralization and Community Engagement
Creating a narrative on behalf of the ecosystem requires community input and decentralized participation, which the proposal currently lacks. Messaging should reflect diverse voices—not a top-down vision shaped by a centralized team or agency.Responsible Treasury Spending
₳6,000,000 is a significant amount for broad marketing with limited deliverables and no public KPIs. Moreover, we believe core marketing efforts should be funded by the founding entities (IOG, CF, Emurgo)—each of which received large allocations of genesis ADA and earns ongoing revenue through delegation and other sources.
While we support the goal of coherent messaging, we Abstain on this version due to lack of transparency, insufficient builder inclusion, and the belief that marketing should be led and resourced by the already well-funded founding entities. Treasury funds should prioritize public goods, not foundational responsibilities. - 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.