Governance Action Details

Treasury Withdrawals
Governance Action Type
In Progress

Withdraw ₳4,000,000 for Expanding Stablecoin / Cardano Native Asset Support...

This treasury withdrawal funds Expanding Stablecoin / Cardano Native Asset Support / Fiat Ramps which will provide the following services:

  1. Expanding wallet and custodian support for Cardano native assets (including USDA, a Cardano-native stablecoin).

  2. Increasing the availability of Cardano stablecoins and native assets on exchanges and OTC desks.

  3. Driving real-world utility for USDA in cross-border payments, remittances, and enterprise settlements.

  4. Building cost-effective fiat on/off-ramps for ADA and Cardano native assets in frontier markets.

By addressing these challenges, Anzens aims to boost liquidity, accessibility, and adoption of Cardano's DeFi and real-world use cases, bridging traditional finance with our open source blockchain-based payments.

This Treasury Withdrawal is submitted by Intersect on behalf of the vendor. The following sections; Abstract, Motivation, Rationale and Vendor Profile have been sourced from the approved proposal submitted by the Vendor as part of the Intersect budget process.

This treasury withdrawal funds one of 39 proposals to give effect to the approved budget info action for ₳275,269,340, administered by Intersect via gov_action1u9x73kwufaxa70lfy59g4ynwyrcsaxdcd0gxzzmh67s9fxq4j8hqqk2phgh. The information provided herein is intended to fulfill the spirit of the constitutional requirement for a treasury withdrawal info action by also providing the details of the proposed solution, alignment to the budget, and amount to be withdrawn from the Cardano Treasury.

Version details

Current Hash:

8ad3d454f3496a35cb0d07b0fd32f687f66338b7d60e787fc0a22939e5d8833e#31

Votes submitted for this Governance Action By:

DReps
Votes: ₳ 3.40B
YES
₳ 2.95B (87%)
NO
₳ 415.57M (12%)
ABSTAIN
₳ 37.28M (1%)
SPOs
Votes: ₳ 0.00
YES
₳ 0.00 (0%)
NO
₳ 0.00 (0%)
ABSTAIN
₳ 0.00 (0%)
Constitutional Committee
Votes: 2
CONSTITUTIONAL
2 (100%)
UNCONSTITUTIONAL
0 (0%)
ABSTAIN
0 (0%)

Legacy Governance Action ID:

8ad3d454f34...e5d8833e#31

Deadline:

42.23 %

12 / 30 days(18 days remaining)

Supporting Links

Off-ramping (ADA to Fiat) live withdrawal on Yoroi wallet

https://drive.google.com/file/d/1znnLuN1r0pB8-c10Txf36QPpV3IwBf0x/view?t=3

The Payment Network and Methods by country

ipfs://bafybeihyzc6lqfzdiy2ooydi53kqhgik2wqsdp5ctyjqaswf6eiar5nihi

Anzens Minting USDA

https://drive.google.com/file/d/1PdOplE6cDJsTuGknsNtPNF7sVsEbNyVV/view?usp=sharing

Anzens Burning USDA

https://drive.google.com/file/d/1v07mt7V3lEGWH19teM-qhEJXI4e7ZCXs/view?usp=sharing

Response to Comment 1. Answering 6 Questions with additional feedback (PDF)

https://docs.google.com/document/d/1guiI0OmHylqTLo16p4mL1-PhYMiu3-6B4dNEX0gZe-Y/edit?tab=t.0

Project Proposal In Ekklesia

https://2025budget.intersectmbo.org/ballots/680d1b63565577986442d123/proposals/680d1b63565577986442d1a2

Approved Budget Info Action submitted by Intersect via GovTool

https://gov.tools/outcomes/governance_actions/e14de8d9dc4f4ddf3fe9250a8a926e20f10e99b86bd0610b77d7a054981591ee#0

Details of all successful proposals (CSV)

ipfs://bafybeicwrop4q7xvnyjdd5drumbe56sqtm5lbe2ul3c262zt4hgguzdycm

Automating Accountability: Cardano's Smart Contract Framework Blog

ipfs://bafybeihqx4ae72z7suqfnxrpqpqithp43cai7o2uuewnqtezgaoyc3ptyq

Sundae Labs Budget Management Smart Contracts Github Repository

https://github.com/SundaeSwap-finance/treasury-contracts

Budget Management Smart Contracts TxPipe Audit Report

ipfs://bafybeiccnwejbgj43wo6hrlseckkkmprtoqc5cfuy2hesm6c6yealwho3e

Budget Management Smart Contracts MLabs Audit Report

ipfs://bafybeiah5fnjhda5hemj3qvaehc4mre3qllqzw2l7mkdsguytn4ftgafw4

Tasks

Levantamento de requisitos
Análise de impacto
Implementação das mudanças
Coming Soon!

History

Atualização do status para em progresso

Maria Silva - 19/01/2024

Criação da ação de governança

Otávio Lima - 14/01/2024
Coming Soon!
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