Enacted Cardano Governance Actions

This treasury withdrawal funds **Cardano Summit 2025 and regional tech events** which will provide the following services: The Cardano Summit 2025 is a strategic initiative, spearheaded by the Cardano Foundation and fortified by regional ecosystem partners (EMURGO, Rare Evo, Wada, Catalyst Africa Town Hall, Ada Solar), to accelerate the global adoption of Cardano technology. Each partner will command the execution of a regionally focused Cardano Summit Event. While each maintains regional autonomy, all six entities will synergize in the events' development. The core ethos and driving benefits of the Cardano Summit are: - Simplify developer onboarding through targeted Cardano Dev Days events globally. - Drive adoption through targeted education for first-time and novice users, unlocking Cardano's potential for all. - Showcase tangible impact of real-world use cases, capturing mainstream attention and demonstrating Cardano's value. - Forge powerful collaborations between developers, entrepreneurs, users, enterprises and regulators. - Strategize and solve scaling and interoperability challenges, securing future scalability. - Attract capital, talent, and media, securing vital resources for the growth of Cardano as a leading L1. - Ignite innovation & celebrate success: Rally the community, celebrate achievements, and build unstoppable momentum. This Treasury Withdrawal is submitted by Intersect on behalf of the vendor. The following sections; Abstract, Motivation, Rationale and Vendor Profile have been sourced from the approved proposal submitted by the Vendor as part of the Intersect budget process. This treasury withdrawal funds one of 39 proposals to give effect to the approved budget info action for ₳275,269,340, administered by Intersect via gov_action1u9x73kwufaxa70lfy59g4ynwyrcsaxdcd0gxzzmh67s9fxq4j8hqqk2phgh. The information provided herein is intended to fulfill the spirit of the constitutional requirement for a treasury withdrawal info action by also providing the details of the proposed solution, alignment to the budget, and amount to be withdrawn from the Cardano Treasury.

This treasury withdrawal funds **Midgard - Optimistic Rollups** which will provide the following services: Midgard, which is a modular framework for deploying optimistic rollup Layer 2s on the Cardano blockchain, designed to enhance transaction throughput, reduce costs, and enable advanced decentralized applications. This Treasury Withdrawal is submitted by Intersect on behalf of the vendor. The following sections; Abstract, Motivation, Rationale and Vendor Profile have been sourced from the approved proposal submitted by the Vendor as part of the Intersect budget process. This treasury withdrawal funds one of 39 proposals to give effect to the approved budget info action for ₳275,269,340, administered by Intersect via gov_action1u9x73kwufaxa70lfy59g4ynwyrcsaxdcd0gxzzmh67s9fxq4j8hqqk2phgh. The information provided herein is intended to fulfill the spirit of the constitutional requirement for a treasury withdrawal info action by also providing the details of the proposed solution, alignment to the budget, and amount to be withdrawn from the Cardano Treasury.

This treasury withdrawal funds **Hardware Wallets Maintenance** which will provide the following services: - Update Ledger and Trezor firmware and integration libraries with new relevant Cardano features or breaking changes. Update also if there are any breaking changes in Ledger and Trezor core firmware code, testing suites, etc. - Update cardano-hw-cli to reflect firmware changes and to reflect user needs - Support Keystone developers while doing the changes above - Provide general cardano hw wallets maintenance, development support and bugfixing. - Order and manage external code audits for Ledger firmware code (Ledger requirement, has to be done by one of 2 certified auditors) This Treasury Withdrawal is submitted by Intersect on behalf of the vendor. The following sections; Abstract, Motivation, Rationale and Vendor Profile have been sourced from the approved proposal submitted by the Vendor as part of the Intersect budget process. This treasury withdrawal funds one of 39 proposals to give effect to the approved budget info action for ₳275,269,340, administered by Intersect via gov_action1u9x73kwufaxa70lfy59g4ynwyrcsaxdcd0gxzzmh67s9fxq4j8hqqk2phgh. The information provided herein is intended to fulfill the spirit of the constitutional requirement for a treasury withdrawal info action by also providing the details of the proposed solution, alignment to the budget, and amount to be withdrawn from the Cardano Treasury.

This treasury withdrawal funds **Scalus - DApps Development Platform** which will provide the following services: Developing DApps on Cardano shouldn't require juggling multiple languages, libraries and frameworks. Scalus changes this by bringing the power of Scala 3 to the Cardano ecosystem, letting you write smart contracts, build transactions, and application layers --- all with the same language and familiar tools. It supports the complete development flow - setup, development, testing, debugging and deployment, backed by an industry-grade toolset and professional development experience. Key benefits that make Scalus + Scala 3 stand out: - Productivity boost at scale with Scala 3 - Reduced time-to-market - from prototyping to production in less time - Deep pool of Scala/Java/Kotlin talent available on the market Scalus is a Cardano DApps development platform made for professionals and businesses who want to get things done. This Treasury Withdrawal is submitted by Intersect on behalf of the vendor. The following sections; Abstract, Motivation, Rationale and Vendor Profile have been sourced from the approved proposal submitted by the Vendor as part of the Intersect budget process. This treasury withdrawal funds one of 39 proposals to give effect to the approved budget info action for ₳275,269,340, administered by Intersect via gov_action1u9x73kwufaxa70lfy59g4ynwyrcsaxdcd0gxzzmh67s9fxq4j8hqqk2phgh. The information provided herein is intended to fulfill the spirit of the constitutional requirement for a treasury withdrawal info action by also providing the details of the proposed solution, alignment to the budget, and amount to be withdrawn from the Cardano Treasury.

This treasury withdrawal funds **PyCardano** which will provide the following services: ​ PyCardano is a lightweight Python library that enables developers to interact seamlessly with the Cardano blockchain. It facilitates the creation and signing of transactions without reliance on external serialization tools, thereby simplifying the development process and broadening accessibility for Python developers. Given the dynamic nature of blockchain technology, particularly with Cardano's ongoing protocol upgrades and hard forks, it is imperative to maintain and update PyCardano to ensure continuous compatibility and functionality.​ This proposal aims to: Ensure Compatibility: Regularly update PyCardano to align with the latest Cardano ledger rules and protocol changes, including upcoming hard forks in 2025.​ Enhance Reliability: Promptly identify and resolve bugs within PyCardano to maintain a robust and dependable library for developers for 12 months since the proposal is funded.​ Foster Community Engagement: Collaborate with the Cardano developer community to gather feedback, address issues, and implement improvements effectively. This Treasury Withdrawal is submitted by Intersect on behalf of the vendor. The following sections; Abstract, Motivation, Rationale and Vendor Profile have been sourced from the approved proposal submitted by the Vendor as part of the Intersect budget process. This treasury withdrawal funds one of 39 proposals to give effect to the approved budget info action for ₳275,269,340, administered by Intersect via gov_action1u9x73kwufaxa70lfy59g4ynwyrcsaxdcd0gxzzmh67s9fxq4j8hqqk2phgh. The information provided herein is intended to fulfill the spirit of the constitutional requirement for a treasury withdrawal info action by also providing the details of the proposed solution, alignment to the budget, and amount to be withdrawn from the Cardano Treasury.

This treasury withdrawal funds **MLabs** **Core Tool Maintenance & Enhancement: Plutarch** which will provide the following services: This proposal seeks funding for the ongoing annual maintenance and feature enhancement of Plutarch, a production-grade eDSL in Haskell for creating Cardano smart contracts. As a core tool widely adopted within the ecosystem, Plutarch requires consistent upkeep. Funding covers maintenance (bug fixes, compatibility updates for hardforks) and new feature implementation based on community needs (e.g., via GitHub issues). This ensures Plutarch remains resilient, powerful, and up-to-date, supporting developers and the ecosystem. This Treasury Withdrawal is submitted by Intersect on behalf of the vendor. The following sections; Abstract, Motivation, Rationale and Vendor Profile have been sourced from the approved proposal submitted by the Vendor as part of the Intersect budget process. This treasury withdrawal funds one of 39 proposals to give effect to the approved budget info action for ₳275,269,340, administered by Intersect via gov_action1u9x73kwufaxa70lfy59g4ynwyrcsaxdcd0gxzzmh67s9fxq4j8hqqk2phgh. The information provided herein is intended to fulfill the spirit of the constitutional requirement for a treasury withdrawal info action by also providing the details of the proposed solution, alignment to the budget, and amount to be withdrawn from the Cardano Treasury.

This treasury withdrawal funds **Blockfrost Platform community budget proposal** which will provide the following services Blockfrost is a powerful API platform that gives anyone access to the Cardano Blockchain and functionality without the need to run your own Node. Our API is designed with developers in mind, and offers tools that remove the complexity of direct node interactions, so anyone can start building on Cardano and launch projects on an affordable, stable and user-friendly framework. Blockfrost was originally developed by Five Binaries and is now maintained under the IOG umbrella. This Treasury Withdrawal is submitted by Intersect on behalf of the vendor. The following sections; Abstract, Motivation, Rationale and Vendor Profile have been sourced from the approved proposal submitted by the Vendor as part of the Intersect budget process. This treasury withdrawal funds one of 39 proposals to give effect to the approved budget info action for ₳275,269,340, administered by Intersect via gov_action1u9x73kwufaxa70lfy59g4ynwyrcsaxdcd0gxzzmh67s9fxq4j8hqqk2phgh. The information provided herein is intended to fulfill the spirit of the constitutional requirement for a treasury withdrawal info action by also providing the details of the proposed solution, alignment to the budget, and amount to be withdrawn from the Cardano Treasury.

This treasury withdrawal funds MLabs **Research towards Tooling for Elliptical Curves - GrumpleStiltSkin** which will provide the following services: GrumpleStiltSkin will deliver an open-source, parameterized elliptic curve and Galois field framework implemented in Plutarch. The goal is to allow smart contracts on Cardano to verify cryptographic proofs over customizable curves and fields. This will include: - Plutarch support for Galois field arithmetic - Plutarch support for elliptic curve arithmetic - A generic ZK verifier in Plutarch - A validation test suite over BLS12-381 - A composable YTxP-compatible Plutarch wrapper This tool empowers developers with on-chain cryptographic flexibility, expands Cardano's ZK application capabilities, and sets the stage for future innovations in privacy and authentication. Deliver a parameterized elliptic curve and finite field cryptography framework in Plutarch, enabling developers to build smart contracts that verify zero-knowledge proofs over arbitrary curves. This flexibility empowers privacy-focused dApps, improves composability, and advances Cardano's technical capabilities. It creates a foundation for a wide range of ZK-powered features while reducing duplication of effort across the ecosystem. This Treasury Withdrawal is submitted by Intersect on behalf of the vendor. The following sections; Abstract, Motivation, Rationale and Vendor Profile have been sourced from the approved proposal submitted by the Vendor as part of the Intersect budget process. This treasury withdrawal funds one of 39 proposals to give effect to the approved budget info action for ₳275,269,340, administered by Intersect via gov_action1u9x73kwufaxa70lfy59g4ynwyrcsaxdcd0gxzzmh67s9fxq4j8hqqk2phgh. The information provided herein is intended to fulfill the spirit of the constitutional requirement for a treasury withdrawal info action by also providing the details of the proposed solution, alignment to the budget, and amount to be withdrawn from the Cardano Treasury.

This treasury withdrawal funds **A member-based organization for the Cardano ecosystem: Intersect** which will provide the following services: Intersect exists to serve as a neutral, nonprofit coordination layer that bridges decentralized governance and decentralized infrastructure. Our mission is not to direct the network, but to enable it. By stewarding core systems, supporting community-led processes, and facilitating safe, transparent delivery. Specifically, this proposal will fund Intersect to: - Steward core infrastructure - Execute the Administrator role - Support participation and coordination - Facilitate roadmap and budget processes - Expand ecosystem capacity Note: Intersect's original proposal submitted early in the off-chain process was updated after recent leadership changes. However, this proposal reflects the approved Budget Info Action and new strategic direction. This treasury withdrawal funds one of 39 proposals to give effect to the approved budget info action for ₳275,269,340, administered by Intersect via gov_action1u9x73kwufaxa70lfy59g4ynwyrcsaxdcd0gxzzmh67s9fxq4j8hqqk2phgh. The information provided herein is intended to fulfill the spirit of the constitutional requirement for a treasury withdrawal info action by also providing the details of the proposed solution, alignment to the budget, and amount to be withdrawn from the Cardano Treasury.

This treasury withdrawal funds **Cardano Builder DAO** which will provide the following services: The Cardano Builder DAO (**CB DAO**) is a **smart contract-enforced**, **member-governed funding mechanism** created to **support the application-layer growth of the Cardano ecosystem**. Its core purpose is to **provide sustainable financial backing** and **strategic oversight to high-impact projects** that are directly responsible for existing user adoption, on-chain activity, Total Value Locked (TVL), and ecosystem engagement. While Cardano's governance structure and funding mechanisms, such as Project Catalyst and core development committees, have been instrumental in bootstrapping protocol advancements and open-source tooling, **there remains a substantial gap in ongoing support for live, user-facing products/services. CB DAO fills that gap.** Through a **transparent governance framework**, **strict accountability mechanisms**, and a **metrics-first funding approach**, CB DAO ensures that builders with growing products on mainnet can scale sustainably, integrate cutting-edge Cardano infrastructure (e.g. Hydra, Leios, Midgard), and contribute to the ecosystem's long-term growth. This Treasury Withdrawal is submitted by Intersect on behalf of the vendor. The following sections; Abstract, Motivation, Rationale and Vendor Profile have been sourced from the approved proposal submitted by the Vendor as part of the Intersect budget process. This treasury withdrawal funds one of 39 proposals to give effect to the approved budget info action for ₳275,269,340, administered by Intersect via gov_action1u9x73kwufaxa70lfy59g4ynwyrcsaxdcd0gxzzmh67s9fxq4j8hqqk2phgh. The information provided herein is intended to fulfill the spirit of the constitutional requirement for a treasury withdrawal info action by also providing the details of the proposed solution, alignment to the budget, and amount to be withdrawn from the Cardano Treasury.