{
  "@context": {
    "CIP100": "https://github.com/cardano-foundation/CIPs/blob/master/CIP-0100/README.md#",
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    "body": {
      "@id": "CIP100:body",
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          "@context": {
            "GovernanceMetadata": "CIP100:GovernanceMetadataReference",
            "Other": "CIP100:OtherReference",
            "label": "CIP100:reference-label",
            "uri": "CIP100:reference-uri",
            "referenceHash": {
              "@id": "CIP100:referenceHash",
              "@context": {
                "hashDigest": "CIP100:hashDigest",
                "hashAlgorithm": "CIP100:hashAlgorithm"
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        },
        "comment": "CIP100:comment",
        "externalUpdates": {
          "@id": "CIP100:externalUpdates",
          "@context": {
            "title": "CIP100:update-title",
            "uri": "CIP100:uri"
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    "authors": {
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  "authors": [],
  "body": {
    "comment": "Summary\n\nEMURGO as a DRep votes YES on the treasury withdrawal titled “IO: Cardano Upgrades”, with rationale outlined below.\n\nRationale\n\nThe Cardano Upgrades proposal addresses three platform-level capabilities that are individually valuable and collectively transformative. CIP-159 lifts the minUTxOValue constraint blocking micro-fee collection and L2 reserve patterns. The Multi-Asset Treasury CIP begins design work to allow the Treasury to hold stablecoins, insulating funded teams from ADA price volatility. Babel Fees enables any native asset to serve as a transaction fee medium, removing the ADA acquisition requirement for new users.\n\nEach workstream resolves a practical barrier the ecosystem is encountering today, not a theoretical future problem. EMURGO is also satisfied with the dependency structure: CIP-159 targets the Dijkstra era already on the roadmap, the Multi-Asset Treasury CIP builds directly on CIP-159, and Babel Fees builds on CIP-118 Nested Transactions. The sequencing is coherent and the technical prerequisites are either in place or actively being delivered. For these reasons, EMURGO votes YES."
  },
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}