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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.

Allow non-technical dreps to publish alternate drafts of the constitution for submission alongside the Intersect draft constitution on gov.tools.

Cardano Foundation has confirmed that there is not enough interest from exchanges to host Cardano fungible tokens. SNEK has made it but others are struggling with volume and liquidity.

This proposal would set 1% of the treasury to a stablecoin to provide liquidity, stability and show the community is taking the need for a stable coin on the network seriously, improve volumes and a base on which to build bigger projects.

The community would vote on which coin ie DJED or USDC.

There is currently 1.66BN ADA in the treasury. 1% would be 16,600,000 ADA.

The community could go futher and vote for a recurring amount to be invested in stable coin liquidity on a regular basis, setting aside 1% of fees every epoch.

Decentralisation is about distributing power as much as possible. With the current voting power given to DReps by delegators there is a danger that the DReps that wield the most ADA wield the most power.

While this is logical at first glance this will result in an oligopoly of a few select DReps.

In short I suggest a limit to the number of ADA that can be delegated to an individual DRep.

This proposal seeks to mandate the Cardano Foundation to publicly disclose all salaries and itemized expenses, aligning with the transparency standards of U.S. non-profits. By implementing clear financial reporting, the community can ensure responsible fund allocation, promote accountability, and strengthen trust in the Foundation’s operations.

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We should put a hard cap on the treasury and implement a burning of all fees collected any time the cap is reached. For the sake of discussion, I propose a hard cap of 2.25 Billion ADA (5% of the max total supply).

Burning ADA does not destroy value, just consolidates it. This is a fair and frictionless way to distribute proportional value to all other token holders across the ecosystem by leveraging the fundamental economic law of Supply and Demand.

This change would be easy to implement on-chain and is a low-risk way to add significant long-term deflationary pressure to ADA, improving its fundamentals as a digital asset.

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In this document, we propose small but impactful changes to the current Delegation Strategy adopted in October 2023 by Cardano Foundation (CF). The aim of this proposal is to gauge Community sentiment around what we have considered to be a set of issues since the adoption of the new Delegation Strategy (October 2023).

Specifically, we address four issues with CF's Delegation Strategy, which were all introduced without Community consultation and implemented unilaterally in October 2023:

i) CF delegation is currently made up of few, large “packages”;

ii) CF delegation is currently awarded with no cap on existing stake in recipient Pool;

iii) CF delegation is currently awarded as a result of a non-competitive process, with decisions made outside of public scrutiny and sometimes to pools who didn’t want delegation or didn’t intend to apply for it;

iv) CF delegation is currently awarded to Stake Pool Operators who received it the previous year.

By voting on this proposal, voters can express their opinion on the following question:

Should CF Delegation Strategy be amended to include the changes proposed herein?

The following are our proposed changes:

i) CF delegation amount should be lowered to 10M ADA from the current 20M, which will also increase the number of Pools that receive the delegation;

ii) CF delegation should be awarded to Pools which have maximum 10M ADA delegated to them;

iii) CF delegation should be an inclusive, competitive process, for which applicants should apply at every round;

iv) CF delegation should include a 12-month cooling off period.

In this proposal we will analyse each of the perceived weaknesses and provide motivation in the form of supporting evidence provided by subject-matter experts, as well as reference public discussions had with CF representatives in appropriate fora. Further, we shall provide a rationale for change requests, explaining why, in our view, proposed changes would strengthen the impact of CF delegation for the Stake Pool Operator Community.

Creation of a treasury / committee for basic and advanced blockchain education and standardized bundled source material that can be co created by the community.

The K parameter was created to limit the total number of ADA staked to one pool. The K parameter determines the saturation of stakepools. To calculate the saturation of stakepools you can take the total number of ADA and divide it by K. K is currently 500, and pool saturation is currently 74,551,771.86 ADA. Pool saturation will increase slightly each epoch as more ADA is minted each epoch from staking rewards.

K also has a large effect on a0. a0 is another Cardano protocol parameter that determines ADA staking rewards per epoch. a0 is currently set at .3. If a stakepool operator pledges the enough ADA to saturate their pool they earn 30% more ADA rewards per epoch. If you pledge half of the pools saturation then they earn 15% more ADA rewards. Smaller pledges have a higher impact on staking rewards with a k parameter that's higher.

This proposal seeks to introduce a constitutional clause requiring that 1% of Cardano's annual Treasury funds be allocated to a Universal Basic Income (UBI) program for every validated individual registered on the Cardano network. Over time, this initiative will significantly reshape Cardano's governance, positively impacting the lives of everyday people, promoting the adoption of ADA as a reserve currency, and enabling new consensus mechanisms. The ultimate goal is to align with Cardano's vision of empowering individuals with financial and identity rights.

This proposal addresses the exclusion of ADA holders from submitting on-chain governance proposals due to the 100k ADA staking requirement. This exclusion, based on economic status, is contrary to the principles outlined in the Cardano draft constitution, particularly Article 2, Section 2, and Article 3, Section 6. These articles guarantee ADA holders the right to participate in governance processes and ensure transparency and protection from undue influence.

While the 100k ADA staking requirement is currently necessary to prevent spam and DDOS attacks, it inadvertently excludes many ADA holders, undermining the inclusivity of the Cardano ecosystem. This proposal acknowledges the temporary necessity of this requirement but emphasizes the need for more inclusive methodologies in the future.

The proposed solutions include short-term measures, such as centralized KYC, crowdfunding within the GovTool DApp, and DRep-based submission methods, as well as the long-term implementation of DIDs (decentralized identifiers) to enable trustless KYC. These solutions aim to ensure broader participation in governance without compromising the blockchain's security and integrity, ultimately aligning the governance process with the Cardano ethos of inclusivity.

This proposal aims to set a formal hard cap of 45 billion ADA tokens on the Cardano blockchain, ensuring no further issuance of tokens beyond this limit. This will protect ADA’s scarcity, preserve its long-term value, and align with the decentralized governance model of Cardano. By enshrining the hard cap through governance, the proposal guarantees economic stability for all stakeholders and promotes the sustainability of the network.

For any Core Budget Proposal designed to improve core aspects of the Cardano Blockchain we must hire at least 2 companies to work cooperatively on each proposal. Any core bucket budget proposal must contain more than one entity with developers who will have full access to repos used to develop the project subject.

Maximize the efficiency of treasury funds and allow withdrawals only when the ADA price is at or above 1 USD.