DRep Profile
Umed Saidov, CFA
As a dRep, my objective is to enhance transparency and clarity in Cardano's decision-making processes by leveraging my background as a seasoned financial professional.
Objectives
As a dRep, my objective is to enhance transparency and clarity in Cardano's decision-making processes by leveraging my background as a seasoned financial professional.
Motivations
My motivation for becoming a dRep stems from a long-standing commitment to Cardano’s vision and values. Having actively contributed to the ecosystem since the early days, I have witnessed first-hand the importance of strong, principled governance. As a former SPO and financial professional, I bring both operational experience and a strategic perspective to the table. I believe Cardano’s governance process should be grounded in clarity, transparency, and informed participation.
Qualifications
I am a former Cardano stake pool operator and a financial professional with over 15 years of experience, offering a unique perspective that bridges both the technical and economic dimensions of network governance. This dual expertise is essential for making well-informed, balanced decisions that support Cardano’s long-term success.
Payment Address
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Metadata Hash
2e4e1692ece143a55b2bbef2cd51e6ad58fb91e5b3cb54266422b06965e4cd52
CARDANO BLOCKCHAIN ECOSYSTEM CONSTITUTION v2.4
# Three-line summary: 1. Cardano Constitution v2.4 removes non-binding expectations, the Budget Info Action mechanism, and mandatory CC conduct rules, streamlining governance. 2. It adds clear definitions, enforces immutability of proposal documents, and applies treasury audit/accountability safeguards to all withdrawals. 3. This version also incorporates feedback from EMURGO. # Three helpful links 1. CARDANO BLOCKCHAIN ECOSYSTEM CONSTITUTION v2.4 https://ipfs.io/ipfs/bafkreih62pydt57supou6dn5lqbf5klr7xu4xi2rrs7tl3thaufiqmvo24 2. List of changes from v1.0 to v2.4.pdf https://ipfs.io/ipfs/bafybeihsv7crutk4xrwut5p5fdvgeum45hioazn2dldnqk2ljiv7sp3oda 3. List of changes from v2.3 to v2.4.pdf https://ipfs.io/ipfs/bafybeibu2v7l6z3k5jhhdtzv74fcrlaedxwdwtxu2ogwudykyfjjfreppu
2026-27 Net Change Limit
The Cardano Constitution requires the establishment of a Net Change Limit, which defines the maximum amount of lovelace that can be withdrawn from the treasury during an outlined period of time. This governance action serves as an opportunity for all governance stakeholders to formally express their positions regarding the proposed Net Change Limit, ensuring transparency, accountability, and alignment across the ecosystem. The 2026-27 Net Change Limit will begin at the start of Epoch 613 and continue for 100 epochs, finishing at the conclusion of Epoch 713. The Net Change Limit will be 350,000,000,000,000 lovelace (350M ada). Unless superseded by a new NCL, this is the maximum amount that can be withdrawn from the treasury during this specific period and shall not be exceeded. The Net Change Limit will be used when reviewing both budget actions and treasury withdrawal actions to ensure constitutionality as required by Article IV of the Cardano Constitution and the Treasury Withdrawal Guardrails outlined in Appendix I.
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Building Together to Drive Cardano Forward.