Withdraw ₳96,817,080 for 2025 Input Output Engineering Core Development Proposal
196 DReps voted · 52 with a rationale
Open a row to read the rationale.
- Yes 206.4K ₳ No rationale
- Yes 190.2K ₳ No rationale
- Yes 184.4K ₳ Rationale
I am voting yes on all 39 Intersect Governance actions. The community has thoroughly reviewed the many proposals presented in the Intersect Budget Process for the 2025 budget. I was deeply involved in the entire process as an SME for the Budget Committee, and then as the Secretary for the Budget Committee.
The proposals presented represent an incredible amount of development for our ecosystem for the next year. The teams all received at least 50% on Ekklesia polling. The teams will face milestones in order to continue to receive funding. If a team fails to deliver, the process will stop them from enriching themselves without returning value.
If anything, we are spending too little on our community. We need to spend more to further develop our governance and our organized events. This is a liquid democracy. If you believe that all of these proposals deserve a chance to deliver, you can shift your delegation to my DRep ID.
- Yes 180.9K ₳ No rationale
- No 177.6K ₳ No rationale
- Yes 174.3K ₳ No rationale
- Yes 166.4K ₳ Rationale
We would vote yes for Leios and the KES agent alone (four years of manual KES key rotations..), there is so much more here, usual Pro/Con list follows. While we are voting yes here, it should be noted that we feel this large omnibus style funding request could have been broken into several smaller requests and that would have served the community better.
Pros (Reasons to Vote 'Yes')
Fundamental Infrastructure Upgrades: This proposal funds numerous critical, deep-level upgrades to Cardano's core infrastructure. This includes the next-generation consensus algorithm (Ouroboros Leios), a complete node architecture refresh (Acropolis), and major performance enhancements (Ledger-HD, UTXO-HD), which are essential for the long-term scalability, security, and competitiveness of the network.Comprehensive Ecosystem-Wide Benefits: The 18 distinct initiatives benefit every type of user:
SPOs: Reduced operational costs (lower RAM needs), enhanced security (KES Agent).
Developers: Vastly improved smart contract security and tooling (Plutus High Assurance suite), and a more modular node.
End Users: Better scalability, potential for paying fees in other tokens (Babel Fees), and improved L2 solutions (Hydra).
Continued Development by the Founding Team: The work will be performed by Input Output (IO), the engineering company that has led Cardano's development from the beginning. This ensures unparalleled expertise, continuity, and a deep understanding of the protocol's architecture.
Addresses Key Challenges: The proposal directly targets known limitations within the ecosystem, such as scalability constraints, node performance, developer experience, and user adoption friction points.
Strong Governance and Accountability: Like the previous proposal, this one uses the same robust Intersect-administered framework with audited smart contracts, legal agreements, third-party assurers, and an external Oversight Committee to manage the funds, ensuring a high degree of transparency and accountability.
Keeps Cardano Competitive: The development of features like Minotaur (AVS) and the implementation of Ouroboros Leios are designed to keep Cardano at the cutting edge of blockchain research and development, ensuring it remains a competitive platform.
Cons (Reasons to Vote 'No' or Abstain)
Extremely High Cost: At ₳96,817,080, this is an exceptionally large withdrawal from the treasury. Voters must weigh whether funding a single entity, even the founding one, with such a large sum is the best use of community funds.Bundled "All-or-Nothing" Proposal: The proposal bundles 18 distinct, large-scale projects into a single vote. This prevents the community from funding certain initiatives while rejecting others, forcing an all-or-nothing decision on a massive and diverse scope of work.
Centralization of Core Development: While IO's expertise is a pro, funding them with such a large grant perpetuates the centralization of core protocol development. A key goal of the Voltaire era is to diversify the entities building and maintaining Cardano, and this proposal concentrates that power and responsibility heavily within IO.
Massive Execution Risk: The proposal contains multiple highly ambitious and complex engineering efforts. There is a significant risk of delays, scope changes, or under-delivery on one or more of the 18 initiatives, which could have cascading effects on the overall roadmap.
Part of a Larger Budgetary Concern: This single withdrawal represents more than a third of the total ₳275M budget action it belongs to. Voters may have reservations about the sheer scale of this coordinated spending from the treasury in a single budget cycle.
Limited Community Choice: By presenting this as a single, massive proposal from the primary development entity, it may leave little room in the budget for smaller, independent, or competing development teams to get funding for their own innovative ideas for core infrastructure.
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- Abstain 48.4K ₳ No rationale
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