Expired Cardano Governance Actions

Alchemy is a Cardano-native Bitcoin treasury protocol and BTCfi infrastructure layer proposed by a collaboration between Sundial Protocol and Charms. It gives Cardano reusable infrastructure for transparent, on-chain Bitcoin-backed structured exposure: reserve architecture, composable FIRE (BTC+) and ICE (BTC-) assets, public dashboards, integration adapters, monthly reporting, and staged launch liquidity. The proposal requests 10,000,000 ada, using a reference value of approximately USD 0.20 per ada for a total planning budget of approximately USD 2.0 million. The request is split into two separated pools. Pool 1, approximately USD 1.0 million, supports protocol infrastructure and staged launch liquidity. This pool is treasury-supported, kept separate from operating spend, deployed in tranches, and designed so that profits, yield, and returns generated by the launch liquidity position are returned to the Cardano Treasury quarterly. Pool 2, approximately USD 1.0 million, funds delivery, audit, integrations, dashboards, governance reporting, legal/compliance work, and go-to-market execution. The withdrawal is self-contained, denominated in ada, independent of any Budget Information Action, and designed to comply with the current Cardano Constitution and the prevailing Net Change Limit. Intersect is proposed as interim fund administrator, subject to confirmation and final agreement. Any administrator-held ada will be kept in auditable accounts and delegated to auto-abstain, not to a Stake Pool Operator. Sundial and Charms also commit to a rollover clause: if external investment funds Alchemy development, the development portion of this treasury request rolls into additional treasury-supported launch liquidity instead. The Treasury funds additional Cardano BTCfi depth, not duplicate compensation.

This Treasury Withdrawal funds Bringing Real-World Payments to Cardano with Wirex. This Treasury Withdrawal is submitted by Intersect on behalf of the vendor. The content for the following sections; Abstract, Motivation and Rationale have been sourced from the approved proposal submitted by the Vendor as part of the Intersect budget process.

# Strike Finance V2 Treasury Deployment Proposal This governance action requests a **12-month productive treasury deployment of 9,000,000 ADA** into Strike Finance V2 liquidity infrastructure. This is **not grant funding**. Treasury-owned capital would be deployed to deepen Cardano-native perpetual futures liquidity, increase on-chain trading activity, and generate yield for the Cardano Treasury. Strike has processed **over 1,130,000,000 USD** in cumulative volume, facilitated **968,000+ trades** across **3,071 unique traders**, generated **over 3,250,000 USD** in profit for liquidity providers, produced **over 1,160,000 USD** in total protocol revenue, and represented **over 50% of Cardano trading activity** during the past six months. | Allocation | Amount | Purpose | |---|---:|---| | V2 USDM liquidity | 9,000,000 ADA sold for USDM | Support scalable execution depth and stablecoin markets | The deployed ADA will be **sold for USDM**, Cardano's fiat-backed stablecoin, to provide stablecoin-denominated liquidity. For modeling, this proposal assumes **ADA = 0.15 USD**, making **9,000,000 ADA** approximately **1,350,000 USDM** of stablecoin liquidity. The actual USDM notional will depend on the conversion price at deployment and will be transparently reported. Under conservative modeled assumptions, the deployment is expected to generate approximately **900,000 ADA-equivalent** in annual yield. Assuming no ADA price change, this would increase the treasury-owned position from **9,000,000 ADA** to approximately **9,900,000 ADA-equivalent** over 12 months. These are modeled estimates, not guaranteed returns. **A council composed of Rami from Snek, Phil from Surf, and James from Moneta will serve as the administrator for this proposal.** Operational custody of deployed liquidity will be handled through this independent multisig council. Strike Finance will not have unilateral custody or control of treasury assets. Realized yield from the first six months will be returned to the Cardano Treasury at month 6. At month 12, **100% of treasury-owned deployed assets, including remaining principal and realized yield, will be returned to the Cardano Treasury**. Any further treasury participation would require a new governance proposal.

In September 2024, only weeks after the Chang hard fork to introduce on-chain governance, an Info governance action titled Cardanoの生きがい - Ikigai - was submitted. This was only a symbolic governance action, as it simply asked the community whether they agreed with a statement thanking those that helped get Cardano to this point and expressing a sense of hope for the future. Unfortunately, due to a bug in the code of the Cardano node that permitted an unregistered stake key to be used in the governance action, the submitter was unable to recover their deposit of 100K ADA. While the community expressed at the time the importance of reimbursing this deposit via a treasury withdrawal; once the ability to do so became available, following the Plomin hard fork; unfortunately none of the entity based budget submissions included it. The Cardano in Oceania initiative did include the deposit reimbursement in their budget Info governance action, however their governance action was not approved. This governance action therefore aims to resolve this outstanding issue.

Treasury governance should enable strategic alignment and facilitate decision-making. However, treasury governance within the Cardano ecosystem is in a poor state. First, there is a funding impasse. Second, while being pivotal for Cardano's stability and growth, treasury governance is only indirectly addressed and barely supported by the existing governance system. This governance info action sketches basic ideas for reforming treasury governance and introduces them into public discussion. The goal is to provide an impetus for improving the treasury governance process and to outline guardrails for strategic direction. An implementation will require further refinements and amendments to the current process as well as the constitution. All members of the Cardano ecosystem are encouraged to collaborate in reforming treasury governance into a productive process that enables stability and growth.

The primary mission of this proposal is to strengthen and expand Cardano's global ecosystem presence through Rare Evo 2026 and Rare Dev Gov Day 2026, two established community-led initiatives that have become major coordination, onboarding, networking, governance, and industry outreach platforms for the Cardano ecosystem. **This proposal would position the Cardano ecosystem as the title sponsor of the Rare Evo 2026 main stage and global livestream, while also supporting the second annual Rare Dev Gov Day, a dedicated Cardano-focused technical, governance, and community coordination event occurring ahead of Rare Evo on July 28th, 2026 at ARIA Las Vegas.** The proposal is designed to create direct ecosystem value through: - Global Cardano brand visibility - Ecosystem onboarding and education - Governance participation - Developer and startup exposure - Enterprise and institutional outreach - Cross-chain industry engagement - Community retention - Expanded accessibility for Cardano ecosystem participants - Rare Network will return 20% of all VIP Ticket sales back to the Cardano Treasury (current retail value of a VIP ticket is $900) During a market contraction period many ecosystem projects face reduced marketing, travel, and business development budgets following the slowdown of traditional ecosystem funding sources and general macroeconomics impacts. Maintaining strong ecosystem visibility, participation, and coordination infrastructure during difficult market cycles is critical for long-term ecosystem resilience and growth. The proposal is not intended to create a new initiative from scratch, but rather to expand and strengthen an already proven platform with a multi-year track record of execution and ecosystem impact. Rare Evo 2026 will occur regardless of treasury funding; however, this proposal allows the Cardano ecosystem to substantially expand its presence, accessibility, participation, and strategic industry outreach through a highly leveraged and already operational event infrastructure. Rare Network is requesting ₳2,750,000 based on a $0.24 value for $660,000 budget from the Cardano treasury. This will cover two sponsorship packages for Cardano. One sponsorship for Rare Evo 2026 as the title sponsorship and a second title sponsorship for Cardano Dev Gov Day 2026.

Eternl is a non-custodial Cardano light wallet for the web, browser extension, Android, and iOS. Users rely on Eternl for payments, staking, governance, and DApp interaction. This proposal enables 12 months of operations, maintenance, and improvements. It includes frontend and backend maintenance and development, backend infrastructure, user support, and day-to-day operations.[^1] The goal is to keep Eternl secure, compatible, stable, and available as Cardano keeps evolving. This costs around $420,000 per year.

Cardano is moving. Protocol upgrades, critical integrations, DeFi liquidity, and VC capital are aligning. But the next bottleneck is no longer core infrastructure, it is application delivery. Teams still struggle to ship non-trivial applications because they must master and assemble too many moving parts themselves: smart contracts, formal verification, chain access, operations, and scaling. The ecosystem does not lack tools. It lacks an integrated application platform that has it all and just works. [Scalus](https://scalus.org/) was built to address exactly this bottleneck. It is an established Cardano smart contract and dApp development platform built by [Lantr Engineering](https://lantr.io/), with three years of continuous delivery, ecosystem adoption, and integrations. Hydrozoa and Bifrost build on it. MeshJS SDK, Cardano Client Lib, and Evolution SDK integrate it. This proposal extends Scalus from a development environment into a full application platform: one coherent stack to build, verify, launch, and scale Cardano applications, with its own L1 node, native L2 integration, formal verification, and production-grade runtime capabilities. Lantr Engineering requests ₳8,503,000 (including 10% contingency) from the Cardano Treasury for a 12-month delivery period (July 2026 to June 2027). By the end of this period, both existing Cardano builders and new Java, Scala, and Kotlin teams entering the ecosystem will be able to develop and operate mission-critical and scalable applications on a unified JVM-native platform, reducing setup complexity while improving self-sovereignty and time to market. For Cardano, that means a stronger application layer: more serious teams shipping, more resilient infrastructure in production, and a faster path to the applications that drive transactions, users, and TVL.

Cardano's infrastructure depends on open source software maintained by a handful of individuals with no formal support, succession planning, or continuity funding. Research shows 96% of commercial codebases contain OSS with fewer than 10 contributors. Critical protocol libraries, wallet SDKs, developer tooling, and indexing infrastructure have single maintainers, no succession plans, and no stable funding beyond episodic grants. This program establishes a community-governed, data-driven open source sustainment architecture. Funded through direct treasury withdrawal, operated by an independent entity, and overseen by two advisory councils — an External Open Source Advisory Council and a Technical Community Advisory Council. Four programs: (1) a Maintenance Fund providing long-term retainer funding for the highest-risk infrastructure, selected by dependency data; (2) a Maintainer Development program building structured mentor–mentee pipelines; (3) a CodeForUs bounty program for targeted delivery work; and (4) an Ecosystem Activation Reserve funding contributor entry programs. Selection follows published dependency centrality data, not relationships. Reporting is public and quarterly. All programs carry explicit sunset criteria. The operator is replaceable by community governance. Total: 12,000,000 ADA over 36 months.

**OriLife Alliance proposes 2,400,000 ADA from the Cardano Treasury to deploy tamper-evident traceability across 12,000 hectares of durian in Đắk Lắk, Vietnam — before the December 1, 2026 deadline ([Article 15, Circular 11/2026/TT-BCT](https://chinhphu.vn/?pageid=27160&docid=217126&classid=0)).** This is not a research grant. The PoC works today: AI fruit identification is live at [orilife.io/demo](https://www.orilife.io/demo), VeData batching is [verified on Cardano Preprod](https://preprod.cardanoscan.io/transaction/a8dd2f28d7b4d4a162d752070d839496e671f608abde9bb95a021cbbe7574dde), and farmers across 46 communes have been onboarded over two harvest seasons ([verifiable on TON](https://tonviewer.com/UQAftkW5i-ON2qIPIRub2Z8zZL_KzbvX8jPnF9-6uwnowmcD?section=nfts)). The Alliance self-invested ~$500,000 USD before this GA. The Treasury funds production deployment. **Treasury-funded deliverables (capacity targets):** - **180M durian fruits/season** identified via Bio-ID — identity inseparable from the fruit. - **24,000 PhoenixKey DIDs** on Cardano — W3C-compliant, biometric, seedless recovery. - **12,000 CIP-68 Dynamic Farm NFTs** on Mainnet, ~1M–1.2M on-chain events/year at full scale. - **~75,000 ADA permanently locked** at M4 across NFTs, wallets, and escrow contracts. - **Midnight ZK Proof** — subject to mainnet availability; fallback uses Cardano L1 with off-chain trade fields on [LampNet](https://lampnet.cloud/). - **MIT-licensed SDK** so any developer can build on OriLife. **Cost & who pays.** OriLife operating cost ~$200/ha/year vs ~$300 for QR labels and $1,500–8,700 for RFID. All on-chain fees paid by end-users via [MAGIC](https://docs.magiclamp.network/MAGIC) credits (VND-funded), not by this GA. **ADA-price commitment.** Anchor $0.25/ADA. **≥ $0.25**: full scope executes. **Below $0.25**: Alliance self-funds the gap. **Above $0.30**: surplus reimburses self-funded then contingency or ecosystem reinvestment. All ADA locked in Intersect-managed escrow; M0 advance protected by 90-day Clawback. **Why demand is non-discretionary.** Vietnam's Circular 11 makes traceability connection a legal obligation for all food production establishments by Dec 1, 2026. China's GACC (>90% of durian export market) is tightening enforcement after the 2025 scandal. EU EUDR and US FSMA 204 reinforce value as the SDK expands — not preconditions. Aligns with Intersect 2026 Budget Framework — Pillar: Ecosystem Growth & Real-world Adoption.