Withdraw ₳750,000 for Cardano Product Committee: Community-driven 2030 Carda...
209 DReps voted · 60 with a rationale
Open a row to read the rationale.
- Yes 592.3M ₳ Rationale
Summary
Yoroi votes YES on the governance action to support the Cardano Product Committee: Community-driven 2030 Cardano Vision and 2026 Roadmap Insights Collection through workshops and structured product research.
Rationale
Brings focus to product-market fit:
Establishes a research-based foundation to better understand real user needs, making Cardano more competitive and impactful.
Enables an inclusive, community-shaped strategy:
Empowers stakeholders across regions to contribute directly to Cardano’s future vision through open consultations and workshops.
Strong execution capability:
The Intersect Product Committee has already demonstrated leadership in organizing consultations and aligning ecosystem needs, making them well-suited to scale this initiative.
Yoroi supports this proposal as a step toward providing clarity and a strong community voice in guiding Cardano's long-term direction.
- Yes 428.5M ₳ Rationale
I will vote as necessary to help Cardano grow into a platform that supports the economic identities of billions of people. This proposal charges a fair price to achieve what is needed to achieve that.
There are no significant matters that affect the neutrality of my decision-making.
Detailed rationale and the improvements I would like to see made to the proposal are attached in the following spreadsheet "TW vote #01" or PDF.
Specifically with regards to bundled proposals, next time I would request that one of the following be implemented:
- Bundled proposals should be subject to a temperature check vote for each item.
- I would like bundled proposals to be verified or created by entities, consortia, or individuals selected by the DRep.
Spreadsheet:
https://docs.google.com/spreadsheets/d/1M8JAuAntJOa7Z6j3GfC2hWFl4kbZLkzEel_cN4-kymw/edit?usp=sharingPDF:
ipfs://bafkreianp5xhbo3ojlxqjjah4kyimr6u62uwnxd2t3lwwu3qmpn4jf4n5a私はCardanoが数十億人の経済アイデンティティを支えるプラットフォームへ成長していくために必要な投票を行います。この提案書は、それを達成するために必要な事項を実現するための正当なコストを請求しています。
私の意思決定の中立性に影響を与える重大な事項はありません。
根拠の詳細と、提案書について私が改善して欲しい点は、次のスプレッドシートの「TW vote #01」またはPDFに添付されています。
特に、バンドル型提案書に関しては、次回は、次のいずれかが実施されることをリクエストします。
- バンドル型提案書は、内訳別の温度チェックの投票を行うこと。 2. バンドル型提案書は、DRepにより選出されるエンティティやコンソーシアムや個人により、検証または作成されるようにして欲しいと思います。
Spreadsheet:
https://docs.google.com/spreadsheets/d/1M8JAuAntJOa7Z6j3GfC2hWFl4kbZLkzEel_cN4-kymw/edit?usp=sharingPDF:
ipfs://bafkreianp5xhbo3ojlxqjjah4kyimr6u62uwnxd2t3lwwu3qmpn4jf4n5a - Yes 328.3M ₳ No rationale
- Yes 297.4M ₳ Rationale
Summary
EMURGO as DRep votes YES on the governance action to support the Cardano Product Committee: Community-driven 2030 Cardano Vision and 2026 roadmap insights collection via workshops and structured product research.Rationale
As Cardano matures beyond its founder-defined roadmap, creating a long-term vision driven by real user needs and grounded market insights becomes not only valuable but crucial. This proposal introduces the systematic approach to ecosystem-wide product research and strategic direction setting, anchored in active community engagement across global regions.Intersect’s Product Committee is well-positioned to lead this effort, given their collaborative structure, prior outputs, and integration with other governance and technical bodies. With a relatively modest budget, the proposal offers high strategic return by establishing reusable research frameworks, validating use cases, and ensuring community alignment for the 2030 vision. EMURGO supports this initiative as a necessary step to sharpen Cardano’s strategic focus and unlock more targeted growth.
- Yes 240.8M ₳ No rationale
- Abstain 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.
- No 174.4M ₳ No rationale
- 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.
- 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: 1
- 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: 2
Total score: 9
I did not vote for this proposal in Ekklesia. However, after careful reconsideration and communication with team members, I have decided to support this proposal.
- Yes 92.1M ₳ No rationale
- Yes 89.8M ₳ Rationale
SIPO’s Rationale for Voting “Yes” on the Cardano Product Committee Treasury Withdrawal Proposal (₳750,000)
SIPO supports this proposal because it addresses a critical and timely need in the evolution of the Cardano ecosystem: the transition from a founder-led vision to a decentralized, community-driven long-term roadmap.
- Strategic Importance
The proposal funds the creation of Cardano’s first community-led 2030 vision and a detailed 2026 roadmap, built through structured workshops, stakeholder focus groups, and product research. This marks a necessary step in empowering the Cardano community to guide its future direction—ensuring that the roadmap reflects real user needs and ecosystem priorities.
- Fills a Major Gap in Product Research
Currently, Cardano lacks a systematic, research-driven product development framework. This initiative introduces rigorous and repeatable methods to:
• Identify and prioritize user pain points
• Guide builders and dApps with validated market insights
• Enable coordination between users, SPOs, developers, and governance actors- Community Participation and Transparency
This proposal ensures broad participation by SPOs, developers, businesses, and users through:
• Open workshops and focus groups
• Public research documentation
• A transparent, consultative process managed by Intersect and its elected Product Committee- Governance Alignment and Delivery Oversight
The project is governed under the Intersect-led budget action already approved by DReps. Funding will be transparently disbursed via audited smart contracts (by Sundae Labs, TxPipe, MLabs) and supervised by third-party auditors and an Oversight Committee (including Cardano Foundation and NMKR).
- Concrete Deliverables
Expected outcomes include:
• A published 2030 Cardano Vision
• A 2026 roadmap co-designed by the community
• A centralized repository of product research and market insights
• A research infrastructure that supports future funding and direction-setting- Minimal Cost, Maximum Ecosystem Impact
At only ₳750,000, this proposal delivers ecosystem-wide benefits—strategic clarity, reduced fragmentation, and empowered builders. These are foundational for a decentralized ecosystem aiming for mainstream adoption and sustainability.
SIPO believes this proposal strengthens Cardano’s long-term resilience, maturity, and community ownership. Therefore, we cast a decisive “Yes” vote.
⸻⸻⸻⸻⸻⸻⸻⸻⸻
SIPOは本提案に「Yes」と投票します。なぜなら、カルダノが創業者主導からコミュニティ主導の未来へと移行する上で、極めて重要かつ時宜を得た提案だからです。
- 戦略的意義のある提案
この提案は、カルダノ初となるコミュニティ主導の2030年ビジョンと、2026年ロードマップの策定を目的としています。ワークショップやフォーカスグループ、製品調査を通じて、広範なエコシステムの知見を集約し、持続可能な成長と分散型意思決定の礎を築くものです。
- プロダクトリサーチの空白を埋める
現状、カルダノには統一された製品開発のリサーチ体制がなく、ユーザーニーズや市場の優先順位が見えにくい状態です。本提案により、
• ユーザー課題の特定と優先順位付け
• dApp開発者やビルダーへの的確なガイダンス
• エコシステム横断での意思決定支援が可能になります。
- コミュニティ参加と透明性の確保
このプロセスは、SPO・開発者・企業・一般ユーザーまで幅広い参加を可能にし、
• ワークショップ・フォーカスグループ
• 公開リサーチレポート
• オープンな議論と意思形成
といった手段により、真に「開かれたビジョン」策定を実現します。- ガバナンスとの整合性と監督体制
本提案は、既にDRep投票で承認されたIntersect主導の予算アクションに含まれています。資金は監査済スマートコントラクトで管理され、**外部第三者（Cardano Foundation, NMKR等）**による監視体制も整備されています。
- 明確な成果物
以下が具体的な成果物として提示されています。
• 公開された「2030年ビジョン」文書
• コミュニティと共創された「2026年ロードマップ」
• 集約されたユーザーリサーチデータと市場分析
• 将来の研究・資金配分の基盤となるリサーチ体制- コストに対するリターンが大きい
本提案の予算は₳750,000とコンパクトでありながら、全カルダノエコシステムに恩恵をもたらします。戦略的明確性、断片化の防止、ビルダー支援といった観点で、費用対効果は極めて高いと評価します。
SIPOは、本提案がカルダノの将来に対するレジリエンス・成熟度・コミュニティ主権の強化に直結すると判断し、「Yes」と投票します。
- 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. - No 77.3M ₳ No rationale
- Yes 76.1M ₳ No rationale
- Yes 75.4M ₳ No rationale
- Yes 74.7M ₳ No rationale
- Yes 71.3M ₳ Rationale
I am voting YES. For Cardano to remain competitive, a scattered vision is not enough; we need a shared, cohesive long-term strategy. While not perfectly decentralized, this committee-led process is a crucial and structured first step to transition from a founder-led to a community-led roadmap.
A PDF version of this rationale is also made available.
After careful consideration, I will be voting YES. To ensure Cardano's long-term sustainability and to remain competitive, a cohesive and shared product vision is essential. A purely fragmented approach risks stagnation.
While not a perfectly bottom-up process, this committee-led initiative is a pragmatic and structured first step in transitioning from the founder-led roadmap to a community-owned one. It provides a necessary coordination point to define our future. This is a strategic vote for Cardano's focus and growth.
- Yes 68M ₳ Rationale
I vote YES on this Treasury Withdrawal.
This initiative supports the creation of the first community-driven 2030 Cardano vision and a corresponding 2026 roadmap, addressing the end of the original founder-led roadmap. The Product Committee of Intersect proposes a process grounded in community workshops, user research, and structured stakeholder consultations—covering SPOs, builders, and businesses.
This is not only a strategic step toward decentralizing Cardano's product direction, but also the first effort to consolidate ecosystem-wide product research—helping identify user needs, market gaps, and paths toward product-market fit.
While care must be taken to ensure broad participation and transparency in fund use, the effort is meaningful and aligned with Cardano’s long-term maturity and community-led governance.
本提案に YES 票を投じます。
本プロジェクトは、創業者によるロードマップに代わる形で、コミュニティ主導による2030年のビジョンと2026年のロードマップを策定するための取り組みです。Intersectのプロダクト委員会が主導し、ワークショップ、ユーザー調査、SPOやビルダー、企業との意見交換などを通じて、多様な視点を取り入れる体制が敷かれています。
これは、Cardanoの戦略的方向性を分散的に構築する第一歩であると同時に、エコシステム全体としての初の本格的なプロダクトリサーチの試みでもあります。ユーザーのニーズや市場機会を把握し、Cardanoのプロダクトとしての成熟に貢献することが期待されます。
今後の透明性確保や、成果物の共有方法には注視が必要ですが、Cardanoの長期的な発展とガバナンス体制の強化に資する意義ある提案だと判断します。
- No 65.7M ₳ No rationale
- Yes 62.7M ₳ No rationale
- Yes 51.1M ₳ 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.
- Yes 49.7M ₳ Rationale
Following the previous vote on Ekklesia.
- Yes 42.9M ₳ No rationale
- No 42.4M ₳ No rationale
- Abstain 40M ₳ Rationale
While I believe this could lead to a positive outcome for Cardano, I don't see it as urgently required at this moment.
- Yes 38.1M ₳ No rationale
- No 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
Supporting this proposal advances Cardano’s long term health by replacing the founder set roadmap with a process owned by the community. This is fully in line with the HOSKY DRep Platform’s commitment to decentralization by giving a diverse range of stakeholders direct influence over Cardano’s strategic direction.
The initiative invests in structured research across the ecosystem, addressing a critical gap in understanding user needs, market opportunities, and barriers to adoption. This supports HOSKY’s emphasis on real world adoption and solving meaningful problems rather than speculative or vanity projects.
Oversight is built into the execution through audited smart contracts, independent third party assurance, and a multi signature governance model. This ensures fiscal conservatism, transparency, and accountability, which are core tenets of HOSKY’s governance philosophy.
By funding this work, the treasury supports an inclusive and evidence based vision that strengthens Cardano’s decentralization, scalability, and sustainability while protecting against waste and centralization risks.
For these reasons, I will vote YES on this proposal.
- Yes 31M ₳ No rationale
- Abstain 28.2M ₳ Rationale
Sybil concerns. Workshops/meetings not ideal for community consensus on vision. Ask seems high.
- Yes 26.1M ₳ No rationale
- No 25.9M ₳ Rationale
As with all Intersect-related governance matters, I believe such initiatives should originate from individuals who have been elected on-chain. I would support this type of proposal—but only if it comes from legitimately elected representatives.
All committees should undergo reform to ensure transparent governance, with onchain elected members who present a clear strategy and corresponding budget.
In line with this position, and for the sake of consistency, I am voting NO on this proposal.
- Abstain 25.2M ₳ No rationale
- Yes 22.7M ₳ No rationale
- Yes 22M ₳ No rationale
- Yes 22M ₳ No rationale
- Yes 21.3M ₳ Rationale
I support this proposal because:
- Cardano needs a 2030 long-term vision and an annual roadmap shaped by the community, rather than continuing to follow only the founders’ vision.
- This is the first structured, ecosystem-wide product research effort, aiming to identify real user needs, development barriers, and strategic priorities.
- It will be executed by Intersect’s Product Committee, with independent oversight, legal contracting, and transparent results.
Investing in strategic research helps Cardano grow effectively and avoid wasting resources on misaligned efforts.
Vietnamese
Tôi ủng hộ đề xuất vì:
- Cardano cần một tầm nhìn 2030 và roadmap hàng năm do cộng đồng định hình, thay vì tiếp tục phụ thuộc vào tầm nhìn của những người sáng lập.
- Đây là lần đầu tiên có một quy trình nghiên cứu sản phẩm bài bản và quy mô toàn hệ sinh thái, nhằm xác định nhu cầu người dùng, rào cản phát triển, và hướng ưu tiên chiến lược.
- Dự án được thực hiện bởi Ủy ban Sản phẩm của Intersect, có sự giám sát độc lập, hợp đồng pháp lý rõ ràng, và công khai kết quả.
Việc đầu tư vào nghiên cứu chiến lược giúp Cardano phát triển hiệu quả, tránh lãng phí nguồn lực vào các hướng không phù hợp với nhu cầu thực tế.
Japanese
この提案に賛成する理由は以下の通りです：
- Cardanoには、創設者のビジョンに依存し続けるのではなく、コミュニティ主導で策定された2030年の長期ビジョンと毎年のロードマップが必要です。
- これは、Cardano全体で初めての体系的なプロダクトリサーチの取り組みであり、ユーザーの本当のニーズ、課題、戦略的優先事項を明らかにすることを目的としています。
- このプロジェクトはIntersectのプロダクト委員会によって実行され、独立した監査、法的契約、および透明性のある成果報告が行われます。
戦略的なリサーチへの投資は、Cardanoの持続的かつ効果的な発展に繋がります。
- Abstain 21.2M ₳ Rationale
While not originally one of my selections during the Ekklesia budget reconciliation process, I have decided to abstain from voting on this proposal at this time.
I understand the need for a cohesive roadmap going forward but I am unsure of the need to deploy a further 750,000 ada of treasury funds for this proposal at this time. Intersect has already received funding for its main proposal and even after having revised their ask down to 15,750,000 ada, given the rise in the value of ada since the initial budget proposals were submitted, there should still be more than enough there to allow Intersect to execute its role as community facilitator and co-ordinator in order to help the Product Committee achieve its plans as outlined here.
- Yes 21.1M ₳ Rationale
Our team has learnt more about this proposal during the time in rare evo lead to the change to yes.
A PDF version of this rationale is also made available.
Our team has learnt more about this proposal during the time in rare evo lead to the change to yes.
- In IOG governance workshop, we learnt about it is almost unanimous agreement that Cardano needs to set a new community vision as north star. This proposal offer supports in this direction
- We talk to product committee in person, and validated the impact of the works and commitment from the committee team.
- 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.
- No 17.4M ₳ Rationale
I have nothing against the committee members listed on this proposal. However, this Cardano Product Committee might create a similar problem to what we see in USA politics today where voters can only choose between a Republican elite sanctioned candidate or a Democrat elite sanctioned candidate.
Imagine if a select small clique get to influence the agenda of meetings and topics discussed in order to massage the items considered as options for the roadmap. Eventually, DReps might feel pressured to vote for committee sanctioned roadmap options feeling they were freely selected by the community absent committee influence. Voting this through will deliver special powers to Cardano Product Committee members allowing them to heavily influence what options are considered, debated, and ultimately voted on, for the roadmap.
It would be better to spend this money on developing a decentralised mechanism to gather and curate raw community sentiment.
- Yes 17.1M ₳ No rationale