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.