For a complete list of changes, see "List of changes from v1.00 to v2.03".

Here is a list of the major changes:

• Preamble / Article I / Article III / Appendix II: Minor wording improvements.
• Defined Terms: New definitions added for clarity.
• Article II:
  • Simplified wording.
  • Removed the Budget requirement for treasury withdrawals.
  • Added a Roadmap requirement.
  • Introduced limited Execute Functionality (Requirement 7).
  • Removed outdated provisions (e.g., DRep/SPO Codes of Conduct).
• Appendix I:
  • More precise definitions.
  • Fixed typos and inaccuracies.
  • Aligned with Article II changes on treasury withdrawals.

The current Constitution has six key issues:

1. Typos and inconsistent spelling
2. Redundant and unclear wording
3. Vague or missing definitions
4. Unused provisions (e.g., DRep/SPO Codes of Conduct)
5. Unnecessary budget requirement for treasury withdrawals, while missing essential conditions like a roadmap
6. No "execute" mechanism, limiting DRep's ability to manage treasury withdrawals

We addressed these issues as follows:

1. Fixed typos and cleaned up wording
2. Simplified structure and reduced word count
3. Clarified key definitions
4. Removed unused or outdated clauses
5. Removed the budget requirement and added a roadmap requirement for treasury withdrawals
6. Enabled limited execution functionality: DReps can now delegate specific approval authority (e.g., to a Cardano Marketing Committee) via a 67% Info Action. This allows pre-approval and enforcement of treasury withdrawals in certain areas, such as marketing.