Governance Actions
Anyone that has ADA in a wallet can propose a Governace Action. To submit a Governance Action, the submitter pays a refundable deposit of 100,000 Ada. The deposit will be returned automatically back to the submitter's wallet upon completion of the Voting period.
Cardano DeFi Liquidity Budget - Withdrawal 1
As outline in the DeFi Liquidity Budget Info Action, this first withdrawal action requests 500,000 ADA from the Cardano Treasury to establish the legal framework and smart contract infrastructure required for the Stablecoin DeFi Liquidity Budget as approved by the Cardano Community. This withdrawal covers three critical components: (1) establishment of a Cayman Islands Foundation Company as the legal vehicle for fund management, (2) development of the administrating smart contract and user interfaces, and (3) comprehensive security audit of the smart contract system. All funds will be initially received by an Amaru contract administered by the 9-person Interim Committee with a 5-of-9 multisignature requirement. Funds will be disbursed to service providers upon completion of agreed milestones as detailed in this proposal.
Increase Transaction and Block Memory Units (Part 1 of 2)
Intersect's Parameter Committee proposes the first of two Parameter Update governance actions. The following change is proposed together in this rationale, but will require two separate, linked governance actions as per guardrail MTEU-M-04. 1) increase Plutus script memory unit limits per transaction by 25% to allow greater flexibility for DApp developers. 2) increase Plutus script memory unit limits per block by 25% to remain consistent with the current block memory limits. No other protocol parameters or Plutus cost model setting will be changed.
Name Protocol Version 11 hard fork - van Rossem
Intersect’s Hard Fork Working Group proposes to name the next Cardano hard fork, to Protocol Version 11, the “van Rossem Hard Fork” in memory of Cardano community contributor Max van Rossem.
Net Change Limit (Epoch 613 to Epoch 713)
The Cardano Constitution requires the establishment of a Net Change Limit (NCL), which defines the maximum amount of lovelace that can be withdrawn from the treasury during an outlined period of time.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 Net Change Limit will begin at the start of **Epoch 613** (13 February 2026) and conclude at the end of **Epoch 713** (3 July 2027). 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 treasury withdrawal actions to ensure constitutionality as required by Article IV of the Cardano Constitution and the Treasury Withdrawal Guardrails outlined in Appendix I. This action has been submitted on the behalf of the Cardano Budget Committee at Intersect, following community feedback.
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