Cardano Treasury Withdrawal Proposals

This Treasury Withdrawal funds **12 months** of full active maintenance and development for GovTool, the open-source, community-owned set of governance tools that form Cardano’s core low-barrier platform for participation in on-chain governance. GovTool enables ada holders to register, delegate, propose, vote, and transparently view outcomes. It is actively maintained and expanded by the Cardano GovTool Consortium which consists of ByronNetwork, WeDeliver, LidoNation and Dquadrant with additional open source contributors, guided by the Governance Tools Working Group. Funding will ensure operational stability, incentivisation for community contributions, support for other open source governance tools using GovTool open-source code and APIs, and deliver accelerated functional updates across all governance pillars. Any unused funds will be returned to the Cardano Treasury. This withdrawal follows the approved budget Info Action for ₳1.15M (gov_action1n5sn54mgf47a7men2ryq6ppx88kta4wvenz2qkl4f9v6ppje8easqxwm88m) and it will be administered by Intersect via smart contract framework, fulfilling the constitutional requirement to detail the proposed solution, its alignment to the approved budget, and the amount to be withdrawn.

This treasury withdrawal funds the Cardano Global Listing Expansion initiative, a strategic proposal by the Snek Foundation to list SNEK on major centralized exchanges (CEXs), retail brokers, and other widely adopted platforms. SNEK is the largest community token on Cardano, holding the highest market capitalization, over 42,000 wallets, and more than 2 billion ADA in all-time trading volume. Over the past two years, the Snek Foundation has already invested over $4 million, entirely self funded, to secure major exchange listings. We’ve delivered the first and second ever Tier 1 listings for any Cardano native token, with Kraken and Crypto.com setting historic precedents for the ecosystem. These were not isolated wins, but the first step in a broader strategy to unlock global market access for Cardano. This proposal seeks 5,000,000 ADA to support top-tier exchange listings, liquidity provisioning, legal and compliance services, and strategic advisory oversight. These listings will not only increase SNEK adoption but also bring unprecedented visibility, liquidity, and user acquisition opportunities to the entire Cardano ecosystem. As part of the governance process, a Board of Advisors will be appointed to ensure transparent execution and maximize ecosystem alignment. This board will include high-profile industry veterans like Tal Cohen (former CEO of Kraken) and Phillip Pon (CEO of Emurgo), with additional top-tier names to be announced. SNEK is Cardano’s most adopted token, yet it remains underrepresented on major centralized exchanges, reflecting a broader lack of visibility for Cardano on mainstream platforms and among broader audiences. This underrepresentation doesn’t just affect SNEK. It weakens Cardano’s position in competitive markets and slows ecosystem-wide growth in four key areas: - ADA’s visibility and liquidity on global platforms - Cardano’s competitiveness in retail-driven market cycles - The discoverability of Cardano’s ecosystem by mainstream users - CNT adoption and the path for other tokens to reach similar success Cardano currently lacks a flagship token that drives liquidity, virality, and culture across exchange listings, just like DOGE, SHIBA, and PEPE do for Ethereum and Solana. SNEK has already shown it can fill this role; now it needs support to break through at scale.

This treasury withdrawal funds the Cardano Global Listing Expansion initiative, a strategic proposal by the Snek Foundation to list SNEK on major centralized exchanges (CEXs), retail brokers, and other widely adopted platforms. SNEK is the largest community token on Cardano, holding the highest market capitalization, over 42,000 wallets, and more than 2 billion ADA in all-time trading volume. Over the past two years, the Snek Foundation has already invested over $4 million, entirely self funded, to secure major exchange listings. We’ve delivered the first and second ever Tier 1 listings for any Cardano native token, with Kraken and Crypto.com setting historic precedents for the ecosystem. These were not isolated wins, but the first step in a broader strategy to unlock global market access for Cardano. This proposal seeks 5,000,000 ADA to support top-tier exchange listings, liquidity provisioning, legal and compliance services, and strategic advisory oversight. These listings will not only increase SNEK adoption but also bring unprecedented visibility, liquidity, and user acquisition opportunities to the entire Cardano ecosystem. As part of the governance process, a Board of Advisors will be appointed to ensure transparent execution and maximize ecosystem alignment. This board will include high-profile industry veterans like Tal Cohen (former CEO of Kraken) and Phillip Pon (CEO of Emurgo), with additional top-tier names to be announced. SNEK is Cardano’s most adopted token, yet it remains underrepresented on major centralized exchanges, reflecting a broader lack of visibility for Cardano on mainstream platforms and among broader audiences. This underrepresentation doesn’t just affect SNEK. It weakens Cardano’s position in competitive markets and slows ecosystem-wide growth in four key areas: - ADA’s visibility and liquidity on global platforms - Cardano’s competitiveness in retail-driven market cycles - The discoverability of Cardano’s ecosystem by mainstream users - CNT adoption and the path for other tokens to reach similar success Cardano currently lacks a flagship token that drives liquidity, virality, and culture across exchange listings, just like DOGE, SHIBA, and PEPE do for Ethereum and Solana. SNEK has already shown it can fill this role; now it needs support to break through at scale.

This treasury withdrawal funds **BloxBean** **Java Tools Maintenance and Enhancement** which will provide the following services: BloxBean provides several essential Java libraries and tools for building applications on Cardano. These tools---CCL, Yaci, Yaci Store, and Yaci DevKit---require continuous maintenance and feature updates to meet the evolving needs of the Cardano ecosystem. To meet the growing demands of this project, we require an additional full-time developer for the next 12 months. The requested funds will support this additional developer, who will focus on the following areas: 1. Ongoing Maintenance: - Ensure compatibility with new Cardano network upgrades. - Address bug fixes, performance improvements, and security issues. 2. Feature Enhancements: - Implement new features based on community feedback. - Optimize the codebase to improve performance and scalability. 3. Documentation and Developer Tools: - Expand the documentation with detailed guides, tutorials, and example code to assist developers. 4. Community Engagement & Support: - Provide ongoing support via GitHub discussions, forums, and discord. - Engage with developers to understand their needs and ensure tools are optimized for real-world use. 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 **UTxO RPC: Sustaining Cardano Blockchain Integration** which will provide the following services: This request for support focuses on UTxO RPC [https://utxorpc.org](https://utxorpc.org) an interface specification designed to simplify interactions with UTxO-based blockchains. U5C defines standardized methods, data structures, and communication patterns. By providing a range of SDKs, and offering thorough documentation, U5C enhances reusability, interoperability, and performance in blockchain integrations. Currently in its early stages, UTxO RPC is already being adopted by key projects in the Cardano ecosystem, including Lace, Mesh, Amaru, and many others. As an open-source initiative, it welcomes contributions from the community, fostering a collaborative approach to improving blockchain infrastructure. To support its ongoing development, maintenance, and enhancements, we are requesting funding for the following roles: 0.5 FTE blockchain developer and 0.125 FTE tech lead. 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 **Ecosystem Exchange Listing and Market Making service pool** which will provide MMAAS (Market Making as a Service): Proposal Overview This proposal aims to address two core issues within the Cardano ecosystem: - Problem 1: No Cardano project currently has a top-tier market maker, with the exception of Snek and Iagon. - Problem 2: No Cardano Native Token (CNT) is listed on top-tier exchanges such as Binance, Bybit, Okex, Kraken and Coinbase. Objective We, at Flowdesk, are committed to solving these problems. Our goal is to act as a trustworthy partner in assisting Cardano Web 3.0 projects by providing essential services such as Market Making as-a-Service (MMAAS) and helping with exchange listings. Through these efforts, we aim to enhance the overall liquidity and market presence of Cardano projects. 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 **Expanding Stablecoin / Cardano Native Asset Support / Fiat Ramps** which will provide the following services: 1. Expanding wallet and custodian support for Cardano native assets (including USDA, a Cardano-native stablecoin). 2. Increasing the availability of Cardano stablecoins and native assets on exchanges and OTC desks. 3. Driving real-world utility for USDA in cross-border payments, remittances, and enterprise settlements. 4. Building cost-effective fiat on/off-ramps for ADA and Cardano native assets in frontier markets. By addressing these challenges, Anzens aims to boost liquidity, accessibility, and adoption of Cardano's DeFi and real-world use cases, bridging traditional finance with our open source blockchain-based payments. 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 **Cardano Product Committee: Community-driven 2030 Cardano Vision and 2026 roadmap insights collection via workshops and structured product research** which will provide the following services: One of the key community goals in 2025 is to create a shared long-term vision, transitioning from the roadmap created by Cardano's founders to a community-led dynamic vision and yearly roadmap. To create the first community driven 2030 Cardano vision, and a following 2026 roadmap, the Cardano Product Committee of Intersect, via consultation, has drafted a strategy (which is already operational) which includes both broad consultation via workshops (remote and in-person) and focused insights collection via focus group calls, with key ecosystem stakeholders (like SPOs) and businesses (both in Cardano and outside Cardano), and incentivized structured user and market research with an initial set of broad questions divided by the broad Cardano goals. [https://productcommittee.docs.intersectmbo.org/committee-outcomes/2025-cardanos-roadmap/2025-proposed-cardano-goals](https://productcommittee.docs.intersectmbo.org/committee-outcomes/2025-cardanos-roadmap/2025-proposed-cardano-goals) 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 **Complement Catalyst: Extended Quadratic Funding---Zero Operational Costs** which will provide the following services: An innovative funding mechanism to complement Project Catalyst by addressing five critical challenges in blockchain ecosystem innovation funding: concentrated voter power, treasury fund limitations, inadequate impact reporting, uncertain ROI, and inefficient milestone management. The solution has zero operational costs---100% of funds go directly to Cardano projects. By combining quadratic funding with a reputation-based system, it will create a more democratic, transparent, and effective allocation process while maximizing treasury fund impact. 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 **Beyond Minimum Viable Governance: Iteratively Improving on Cardano Voltaire** which will provide the following services: This initiative will establish a robust framework for evaluating and enhancing Cardano's governance system. We will identify and benchmark key governance metrics to assess the health, performance, and overall impact of our decentralized decision-making processes. The resulting 'State of Governance' report will provide a structured evaluation of participation, track vital Key Performance Indicators (KPIs), map the evolving governance ecosystem, and pinpoint specific areas for improvement. To ensure our findings are grounded in real-world experience, we will engage the Cardano community through various channels. These include virtual workshops, targeted surveys, and in-depth user interviews. By actively gathering and synthesizing community insights, we will gain a comprehensive understanding of the current state of governance. This will allow us to formulate actionable recommendations and pave the way for post-MVG (Minimum Viable Governance) evolution. Where appropriate, these recommendations will be developed into initial drafts of Cardano Problem Statements (CPSs) or Cardano Improvement Proposals (CIPs), directly reflecting the community's vision for a more robust and effective governance future. 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.