Tingvard
References
- Cardano Blockchain Ecosystem Constitution RelevantArticles
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"summary": "Tingvard judges the “Intersect: Governance coordination and technical stewardship for the Cardano ecosystem” Treasury Withdrawal governance action constitutional.",
"rationaleStatement": "Tingvard judges the “Intersect: Governance coordination and technical stewardship for the Cardano ecosystem” Treasury Withdrawal governance action constitutional.\n\nRationale statement\nThis governance action requests 25,400,000 ADA from the Cardano Treasury to fund Intersect’s governance coordination, technical stewardship, incident response, release coordination, repository stewardship, and management of critical ecosystem processes.\n\nThe proposal identifies the purpose of the withdrawal, the amount requested, the delivery period, and the intended scope of work. It states that funding will support Intersect operations and ecosystem coordination, technical stewardship and incident response, and management of critical processes.\n\nThe proposal discloses prior Cardano Treasury funding received by Intersect and its committees within the past 24 months, including the relevant governance action IDs and amounts.\n\nThe proposal states that the requested amount does not, at the time of submission, breach the applicable 350M Net Change Limit covering epochs 613 to 713.\n\nThe proposal identifies Intersect as administrator and states that treasury funds will be managed through the 2026 Treasury Reserve Smart Contract and a Project-Specific Smart Contract.\n\nThe proposal includes an oversight structure. Intersect will administer the TRSC and PSSC, while an Oversight Committee consisting of Sundae Labs, Cardano Foundation, Dquadrant, NMKR, Sundial, and Eternl will provide checks and balances on certain administrative actions.\n\nThe proposal addresses custody and delegation. It states that the TRSC and PSSC cannot be staked with an SPO and are delegated to the auto-abstain predefined DRep.\n\nThe proposal includes audit and oversight provisions. It states that independent audits and assurance will be provided by Appold, alongside milestone-based drawdowns, evidence-backed reporting, and transparent disclosures.\n\nThe proposal also states that a public dashboard is available for the community to audit the TRSC or PSSC and track metrics related to the withdrawn ada.\n\nTingvard therefore finds that the proposal satisfies the relevant requirements for a Treasury Withdrawal governance action.",
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"conclusion": "Tingvard finds the “Intersect: Governance coordination and technical stewardship for the Cardano ecosystem” Treasury Withdrawal governance action constitutional.",
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