Withdraw ₳69,459,000 for Catalyst 2025 Proposal by Input Output: Advancing De...
159 DReps voted · 48 with a rationale · 6 changed their vote
Open a row to read the rationale.
- No798.4K ₳No rationale
- Abstain763.4K ₳No rationale
- Yes763.4K ₳No rationale
- Yes717.5K ₳No rationale
- Yes705.1K ₳No rationale
- Yes655.6K ₳No rationale
- Yes625.9K ₳Rationale
This proposal represents essential infrastructure investment to sustain and evolve Catalyst as Cardano's primary decentralized funding mechanism. With over four years of proven operation, the Catalyst team has successfully allocated ₳290 million across 2,091 projects in 114 countries, demonstrating reliable stewardship of treasury resources and ecosystem development.
The three-workstream approach addresses critical operational challenges while positioning Catalyst for long-term sustainability. Current manual processes create inefficiencies that this proposal aims to reduce by up to 50% through automation and improved tooling. The Hermes decentralized infrastructure replaces legacy systems with peer-to-peer architecture, aligning with Cardano's decentralization principles while improving resilience and scalability.
Catalyst serves as the ecosystem's innovation engine, providing funding pathways for hundreds of builders and startups that drive Cardano's growth. The proposed ₳61 million across three funding rounds, including Retroactive Public Goods Funding, ensures continued support for early-stage research, open-source development, and community initiatives that might otherwise lack funding sources.
The proposal addresses governance concerns through planned reforms including quadratic voting and improved delegation mechanisms that reduce voting power concentration and increase participation equity. Enhanced mobile-first interfaces lower barriers to participation, particularly important for global adoption and community engagement.
Operational improvements and interface development create a more accessible, scalable platform that can handle increased participation as the ecosystem grows. The investment in production-grade infrastructure ensures Catalyst can support larger funding volumes and more complex governance requirements without compromising performance or security.
The team's track record of processing over 3 million governance decisions and facilitating 12,000 individual payments demonstrates operational competence and financial integrity. Their commitment to transparency through on-chain tracking and community dashboards provides accountability for treasury fund usage.
Supporting this proposal ensures Catalyst's continued evolution from experimental funding platform to mature, efficient infrastructure capable of supporting Cardano's growing developer and entrepreneur community. The investment in sustainability and decentralization aligns with broader ecosystem goals while maintaining the innovation funding pipeline essential for continued growth and competitiveness. - No605.7K ₳No rationale
- Yes589.7K ₳No rationale
- Yes559.2K ₳No rationale
- Yes501K ₳Rationale
Look, I have heard the complaints about Catalyst, and although I haven't been here long enough to experience it firsthand,I understand the concerns. The bureaucracy, the projects that promise the moon and deliver a cheese wheel. But my opinion is that it's still the beating heart of our innovation engine. What else is there? I don't see a better option to be honest. And they have made significant improvements to this year's fund round, so let's see how it turns out before rolling them out.
Plus, watching 2,100+ projects get funded while other ecosystems are still figuring out basic grant programs... yeah, we're keeping this engine running. It's not perfect, but it's ours and it kinda works. - Yes466.2K ₳No rationale
- Yes450.2K ₳Rationale
Catalyst has already proven its worth by delivering and driving Cardano’s innovation layer. It bundles Hermes infrastructure upgrades, a redesigned user experience, and the rollout of three further funding rounds (Funds 14–16), all aligned with Cardano’s 2025 objectives. Given Catalyst’s track record and the comprehensive scope of this plan, I fully support the requested withdrawal and look forward to its positive, long‑term impact on the ecosystem.
- Yes385.2K ₳No rationale
- Yes383K ₳No rationale
- Yes370.3K ₳No rationale
- No323.5K ₳No rationale
- Yes320.4K ₳No rationale
- Yes314.4K ₳Rationale
In alignment with my voting on the 2025 Cardano Budget Reconciliation process through Ekklesia platform (https://adastat.net/dreps/drep1ygc29nv90qqtf7qwlp5eqwnscdmvk5utnul9arfm9eklw9cphfhhu#budget_votes), I support this withdrawal and therefore vote YES.
- Yes313.4K ₳Rationale
I’m voting YES to fund the Catalyst 2025 Proposal by Input Output. This initiative strengthens decentralized innovation funding, improves Catalyst infrastructure, and ensures three robust funding rounds (F14–F16) to support long-term ecosystem sustainability.
My position is consistent with my earlier vote in Ekklesia and this proposal has undergone extensive prior scrutiny. While I’ve highlighted risks of strong projects being overlooked due to complexity and visibility challenges, this particular proposal comes from a proven contributor with a track record of delivering critical infrastructure for Cardano’s growth.
Supporting this aligns with my principles of responsible stewardship, long-term strategic investment, and enabling the community to thrive through sustainable, decentralized funding mechanisms.
- Yes279.3K ₳No rationale
- Yes271.8K ₳No rationale
- Yes262.6K ₳No rationale
- AbstainChanged261K ₳History
Earlier votes
Yes11mo agoSuperseded
Abstain11mo agoSuperseded
Yes11mo agoSuperseded
Abstain11mo agoSuperseded
- Yes252.9K ₳No rationale
- Yes245.5K ₳No rationale
- Yes238.8K ₳Rationale
The Catalyst 2025 Proposal by Input Output appears well-aligned with Cardano’s goals of decentralization, innovation, and community engagement. With a budget of ₳69,459,000, it supports critical initiatives like improved interfaces, decentralized infrastructure, and funding for 500-700 projects across three rounds. Given the transparent process, community feedback opportunities, and alignment with ecosystem needs, voting yes seems reasonable.
- Yes191.1K ₳No rationale
- Yes185.6K ₳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.
- Yes178.9K ₳No rationale
- No147.5K ₳No rationale
- Yes138.4K ₳Rationale
Catalyst has achieved monumental milestones for the Cardano ecosystem, laying the groundwork for the successful execution of the Cardano roadmap. It has created a vibrant space where builders, educators and marketers can bring their ideas to life on the Cardano blockchain while fostering meaningful connections and collaboration through networking opportunities.
The Catalyst team has already successfully completed a community-approved funding request in Fund 10. Based on that proven track record, I fully support this funding withdrawal to enable the team to implement three upcoming funding rounds: Fund 14, Fund 15, and Fund 16. Wishing the team all the best! - Yes137.4K ₳No rationale
- Yes133.7K ₳No rationale
- Abstain112.1K ₳No rationale
- Yes110.9K ₳No rationale
- Yes108.3K ₳Rationale
I am voting in favor of approving the treasury withdrawal for all 39 withdrawal actions that are part of the approved ecosystem budget administered by Intersect. I am voting this way for several reasons, as I will outline here. This rationale will be included in all 39 withdrawal votes.
First and foremost, I believe that we would be making a mistake in underfunding our community with our available treasury funds. The budget system as it currently stands has some flaws, as should be expected from a first version of any system. Of the current proposals, I voted to include several in the budget when it was being formed; however, I also did not vote in favor of several others. This is, of course, the case for most DReps. If I were to vote only for the proposals I initially favoured, and all other DReps did the same, we would likely approve only 2 or 3 proposals out of 39 due to the vote split. In my view, this is not an acceptable outcome for the community, and this is why I was also opposed to the idea of having 39 separate treasury withdrawal actions. I have reviewed all 39 requests, and they all have merit. Are they exactly in line with the priorities I wanted as part of the initial budget? No. Is that reason enough to vote no on several of these and end up approving only 2 or 3 proposals in the end? I certainly don't believe so.
In addition to this, the total amount of the intersect budget is roughly 10% higher than what I voted for, and I find that to be within an acceptable margin to approve all the withdrawals.
The individual proposals also all received at least 50% community approval to be included and will be subject to reviews and milestones to receive funds.
For these reasons, I am casting my vote to approve and am wishing the best of luck to all the teams waiting for funding through this process. - Yes103.1K ₳No rationale
- Yes92.6K ₳No rationale
- Yes65.7K ₳No rationale
- Yes55.9K ₳No rationale
- Yes48.6K ₳No rationale
- Yes46.5K ₳Rationale
Catalyst is crucial for SME and new entries to the Cardano blockchains, with the growth of the treasury withdrawal from Intersect MBO. With 13 fund experience in years, we strongly support
I voted YES on all 39 Governance Actions — 39 times, 39 votes.
Since I supported these during Ekklesia and saw no major changes or conflicts of interest, I stand by those decisions now. For proposals with large budgets, I paid extra attention to the justification and scope. Voting isn’t just a click — it’s a responsibility. I own mine, for myself and for our CASIA community.
- Yes45.2K ₳No rationale
- Yes36.3K ₳No rationale
- Yes36.3K ₳Rationale
✅ Voted YES — Catalyst 2025: Advancing Decentralized Community Innovation Funding & Infrastructure
Proposal: Treasury Withdrawal of ₳69,459,000
Administered by: Intersect
Vendor: Input Output
Purpose: Fund Catalyst Funding Rounds (F14–F16), launch RetroPGF, and overhaul Catalyst’s infrastructure and UI/UX🧠 Why I Voted YES
Catalyst is the engine of community-led innovation on Cardano. This proposal strengthens its foundation for the long term while continuing to empower builders in the short term. Here’s what stood out to me:
🛠️ Infrastructure & UX Overhaul
• Replaces legacy systems with Hermes, a decentralized peer-to-peer engine.
• Improves the Catalyst interface for mobile and global accessibility.
• Lays the groundwork for diversified voting mechanisms, including direct and delegated voting, and participation via native tokens beyond ADA.💰 Reliable, Community-Focused Funding
• Funds 3 major Catalyst rounds (F14–F16) with ₳61M earmarked for builders.
• Introduces Retroactive Public Goods Funding (RetroPGF) — a huge step forward for rewarding real impact, even if it wasn’t voted on originally.
• Strengthens Catalyst as a launchpad, not a long-term crutch — aligning resources with Cardano’s mission.📉 Operational Efficiency & Sustainability
• Automates Catalyst operations to reduce overhead by up to 50% from 2026 onward.
• Makes the system more scalable and cost-effective without sacrificing decentralization.🗳️ Governance Reform
• Tackles voter apathy and voting power concentration with new mechanics like Quadratic Voting and DRep delegation.
• Expands inclusivity and fairness in decision-making — especially important as the ecosystem grows.⸻
Bottom Line: This proposal is not just about funding more Catalyst rounds — it’s about maturing the entire Catalyst ecosystem to be scalable, secure, inclusive, and decentralized. It directly supports builders, improves voter participation, and sets the foundation for future governance.
📍 Voting YES was an easy decision — it’s a smart, future-focused investment in Cardano’s decentralized innovation engine.
- Yes29K ₳No rationale
- Yes10.6K ₳Rationale
I vote for this proposal
- Yes6.7K ₳No rationale
- Yes4.8K ₳No rationale