In my early crypto journey, I fell for a scam that cost me $1,700—a loss born not from ignorance, but misplaced confidence. I believed I could outwit deception by changing the script. I couldn’t. That moment taught me that even intelligent users are vulnerable in a system that offers no safety net. What kept me grounded was Cardano: its mission of research, patience, and principled design. That mission is why I stayed.

Yet Cardano’s openness and decentralization, while empowering, also expose users to hidden dangers: cloned tokens, misleading branding, and overhyped projects. This proposal introduces a framework for improving wallet-layer safety and trust, including UI enhancements, opt-in transparency tools, and a community-reviewed case study examining the breakdown of post-ISO trust.

Ironlight is bringing Tokenization to TradFi. This is done by creating a fully regulated secondary trading venue for tokenized Real World Assets (RWA). The RWAs are private market funds, company equity and real estate. Ironlight is different from most other players in 3 major aspects:

1. Liquidity: Ironlight has secured 4 major institutions to backstop trading. Additionally, RIAs & Wealth Advisors from the major banks are market participants.

2. Sponsor Access Model: The Alternative Trading System (ATS) allows for trading & settling between anyone in the US financial system not just within it’s own network. This allows for dramatically more participants and thus facilitates liquidity.

3. Institutional Grade Technology: Built from the ground up, the technology can process 2 million messages per second at 20 microseconds per transaction. Additionally, built under Reg SCI. The technology was built at the same standard Wall Street expects for Public Market ATS/Exchanges.

This proposal is not up to date and will be done in a separate budget info action and must not be included or considered in any Intersect budget.

To see the up to date proposal see here: https://hackmd.io/@PRAGMA-org/amaru-proposal and will be submitted on chain Amaru is an open-source project that aims to build a new fully interoperable block-producing node for improving the overall accessiblity and robustness of the Cardano network without compromising on its satefy and security. Amaru provides another perspective and solution for stake pool operators and developers alike, focusing on modularity and easy-of-use. The project is implemented mainly in Rust and aims to attract new contributors to the core maintenance of the ecosystem.

This proposal is designed to breakdown the objectives, scopes, timelines and costs pertaining to Amaru. It delivers the full vision behind the project and open the discussion regarding a Cardano treasury withdrawal to sustain its development.

For better viewing experience please use this link: https://hackmd.io/@PRAGMA-org/amaru-proposal

Disclaimer: The following document is a DRAFT proposal for the Amaru project. It is a collective document that describes the vision and the needs of multiple entities/actors involved in the development of Amaru.

This proposal will evolve in January 2025 following changes of scopes and resources allocated to the project

It is meant as a starting point for discussing Cardano treasury withdrawals in alignment with the incoming constitution.

As such, we invite anyone interested to comment on the following document, and share feedback with us.

Result of the estimation phase of our proposal: 6 FTEs + $60k (see https://hackmd.io/@PRAGMA-org/amaru-proposal for details)

Given our assumptions the valuation of this proposal based on a 200k$ base for an FTE, the estimation comes down to: 6 * 200k$ + 60 k$ = 1260k$

Given our assumption regarding our optimism bias (add 25% of contingency), the proposal submitted will be targetting: $1.578M as a result of the scopes covered in Amaru and ask for the equivalent in ADA at the time the treasury withdrawal is emitted.

Cardano needs to expand in French-speaking countries, especially in Africa, where innovative ideas and technologies lag far behind those in English-speaking countries. The Inkuba Blockchain Center is a pilot project that may resolve the issue.

Cosmos Collective transforms a brand-new science-fiction universe into a DAO where ADA-holders co-own the IP, vote on storylines, and share in future royalties. Our first 18-month roadmap covers (1) a Wyoming non-profit wrapper + DAO smart contracts, (2) an open-source story bible under a CC-compatible licence, and (3) Season 1 content: a web-comic and audio drama funded and green-lit entirely on-chain. We request 100 000 ADA to build the legal + technical rails, launch Founder NFTs, and prove that Cardano governance can power a sustainable, fan-driven entertainment franchise.

"a seed, from which a new and greater civilisation can grow."

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eUTxO - a seed that bares the conditions that could form the emergent environment for a secure, universal access control layer for distributed computing and systems - starting with Japanese public data.

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「新しいより偉大な文明が成長する種」。

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eUTxO - 分散コンピューティングとシステムのための安全なユニバーサルアクセス制御層の創発環境を形成する条件を育む種 - 日本の公共データから始まります.

RealToro addresses critical inefficiencies and illiquidity within the traditional real estate market, such as complex transaction processes and high barriers to entry for investment and financing. We are developing a comprehensive platform on the Cardano blockchain that allows property owners to tokenize real assets, making them searchable and transactable via smart contracts. Users can initiate decentralized leases and mortgages, fractionalize ownership, raise funding against property value, and participate in smart contract-based insurance pools. Furthermore, the platform introduces tokenized Collateralized Mortgage Obligations (CMOs) using Aiken. By leveraging Cardano's security, scalability, and low transaction costs, RealToro aims to democratize real estate investment, streamline financing, increase market liquidity, and significantly boost transaction volume and Total Value Locked (TVL) within the Cardano ecosystem.

Test

Integrate Ethereum Virtual Machine (EVM) compatibility into Cardano to enable Ethereum-based decentralized applications (dApps), smart contracts, and assets to run seamlessly on the Cardano blockchain. This integration will foster cross-chain interoperability, attract Ethereum developers, and enhance Cardano’s ecosystem with low-cost, scalable solutions.

Compel Charles Hoskinson, the founder of Cardano (ADA), to provide full transparency regarding the funds within ADA wallets, specifically those under his control or influence. The goal is to allow the Cardano community to have clear visibility into the founder's allocation and use of ADA funds to ensure proper management, accountability, and the prevention of any potential mismanagement or ethical violations.

As part of the budget approval process, it is necessary to establish a Net Change Limit. This serves as an opportunity for all governance stakeholders to formally express their positions regarding the proposed Net Change Limit, ensuring transparency, accountability, and alignment with organizational objectives.

2025 Net Change Limit of 300,000,000,000,000 lovelace (300M ada) 2026 Net Change Limit of 250,000,000,000,000 lovelace (250M ada) The Net Change Limit beyond 2027 is not defined in this governance action.

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 Constitution and the Treasury Withdrawal Guardrails outlined in Appendix I.

As part of the budget approval process, it is necessary to establish a Net Change Limit. This serves as an opportunity for all governance stakeholders to formally express their positions regarding the proposed Net Change Limit, ensuring transparency, accountability, and alignment with organizational objectives.

2025 Net Change Limit of 300,000,000,000,000 lovelace (300M ada) 2026 Net Change Limit of 250,000,000,000,000 lovelace (250M ada) The Net Change Limit beyond 2027 is not defined in this governance action.

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 Constitution and the Treasury Withdrawal Guardrails outlined in Appendix I.

Wargrum is a Cardano-based trading card game (TCG) where each playable card is minted as an NFT. Players collect cards, build strategic decks, and battle for resource-generating land. A native GRUM token rewards competitive play and supports in-game purchases. By delivering interactive gameplay and true on-chain ownership, Wargrum aims to showcase the potential of Cardano NFTs and strengthen the overall Cardano ecosystem.

Liquidity is essential for any thriving blockchain ecosystem. Cardano has a developing ecosystem with many of the necessary primitives already built out: decentralized exchanges (DEXs), native stablecoins, money market protocols including borrow/lend and collateralized debt positions (CDP), and liquid staking tokens. Each of these primitives on their own help push an ecosystem from the development stage into the flourishing and mature stage. Stablecoins play a unique role in any cryptocurrency system as a means of onboarding new users with a fiat pegged token and volatility protection. However, without deep liquidity the true value of the Cardano decentralized finance (DeFi) ecosystem cannot be realized, and a critical mass of liquidity is necessary to encourage broader adoption. This proposal outlines the use of treasury funds to boost stablecoin liquidity, creating a stronger foundation for DeFi. Increasing stablecoin reserves not only expands liquidity but also attracts new users and reinforces confidence in the chain — offering a solid hedge against volatility and supports Cardano native stablecoins.

Imagine a Cardano wallet that does more than just store your keys—it actively guides you, educates you, and automates away the messy parts of Web3. This Info Action proposes integrating an AI Agent (akin to how I function) directly into Lace Wallet. Users who download Lace would gain an interactive assistant for everything Cardano: from step-by-step onboarding to real-time insights on the latest governance proposals, from managing UTxOs to explaining advanced DeFi concepts in plain language. The AI would also facilitate faster, simpler transactions—where voice or chat commands like “Send 200 ADA to Alice” are seamlessly translated into secure on-chain actions (with user approval). If the community sees the value in an AI-driven experience inside Lace, our next step is to detail the technical architecture, data privacy guardrails, user consent mechanisms, and synergy with existing CIP standards—ultimately aiming for a more inclusive and intuitive Cardano experience for newcomers and pros alike.

Quick1

As Cardano’s ADA price rises, there will be far too many grifters looking to capitalize on the Treasury instead of building quality applications. Having been in crypto since 2017 I’ve seen countless projects come and go while pocketing large sums of capital obtained from the public and these projects rarely seeing the light of day. Not only do I as a Drep have no interest in throwing capital all over a wall to see what sticks, but I have no interest in creating ADA sell pressure by funding projects with little chance of amounting to anything. Below is my first draft proposal to handling the funding of Cardano based projects and establishing a team to effectively manage these relationships.

Hello Folks!

Building on a conversation in a space it was argued by a DRep that the 500 ADA was too high and made becoming a DRep inaccessible for many.

It was suggested, by Charles, that a pool is made, along with smart contracts, that DRep candidates without the 500 ADA can make an application to.

Central entities shall not exert undue influence under the label of a decentralized system.

That is, entities who own, manage or control considerable funds in the form of assets that are decisive for on-chain governance shall not dominate decision-making. E.g.,
🔷 neither IOG nor Emurgo nor the Cardano Foundation shall act as (dominating) DReps or voters in the Catalyst Program
🔷 votes should not be decided by single entities with large assets.

This proposal covers the issue of the role central entities should take in a general sense. It may eventually evolve into several CIPS or governance actions to be implemented on-chain as algorithmic measures.