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  "body": {
    "comment": "Vote: YES\n\nThis proposal requests ₳18,263,496 (~$4.57M USD) for Tweag by Modus Create to deliver three infrastructure work packages in 2026–2027: Peras v1 mainnet deployment (reducing finality from ~12 minutes to ~2 minutes), History Expiry (enabling partial-history nodes for sustainable SPO economics as throughput scales), and Conformance Testing for Peras and Leios protocols. Intersect administers the proposal; disbursement is managed via Treasury Reserve Smart Contracts with multi-signature authorization, overseen by a five-member committee including Sundae Labs, Cardano Foundation, Dquadrant, Xerberus, and NMKR.\n\nVampyre Fund votes YES.\n\nThis proposal sits at the core of what Vampyre Fund exists to support: foundational long-term protocol infrastructure. Peras faster finality is a prerequisite for Cardano to compete as a serious DeFi and settlement layer. History Expiry addresses a structural economic problem for stake pool operators that will worsen as throughput increases under Leios. These are not features that produce marketing impressions or short-term token price movement — they are the infrastructure on which the next decade of Cardano activity depends.\n\nThe accountability structure is meaningfully stronger than most treasury proposals Vampyre Fund has reviewed. Treasury Reserve Smart Contracts with multi-signature authorization provide on-chain disbursement controls. Intersect's role as administrator adds a credible third-party layer. The five-member oversight committee represents genuine diversity of ecosystem stakeholders. Tweag by Modus Create brings deep Haskell and Cardano protocol credentials.\n\nWe note two concerns without letting them override the vote. First, there is no competitive bidding for this work — Tweag is pre-selected. Vampyre Fund continues to believe the long-term health of the ecosystem requires open, competitive team selection for funded work. We would prefer a future model where Intersect issues open RFPs and the community selects among competing proposals. Second, ₳18.26M is a material withdrawal at a time when ADA price is depressed; the real-cost burden on the treasury is elevated relative to what this work would cost if funded at a higher ADA price. Both concerns are structural and apply across the 2026 budget process broadly. They are not unique to Tweag, and they do not outweigh the merits of funding infrastructure that Cardano genuinely needs."
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