{
  "@context": {
    "CIP100": "https://github.com/cardano-foundation/CIPs/blob/master/CIP-0100/README.md#",
    "hashAlgorithm": "CIP100:hashAlgorithm",
    "body": {
      "@id": "CIP100:body",
      "@context": {
        "references": {
          "@id": "CIP100:references",
          "@container": "@set",
          "@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"
              }
            }
          }
        },
        "comment": "CIP100:comment",
        "externalUpdates": {
          "@id": "CIP100:externalUpdates",
          "@context": {
            "title": "CIP100:update-title",
            "uri": "CIP100:uri"
          }
        }
      }
    },
    "authors": {
      "@id": "CIP100:authors",
      "@container": "@set",
      "@context": {
        "name": "http://xmlns.com/foaf/0.1/name",
        "witness": {
          "@id": "CIP100:witness",
          "@context": {
            "witnessAlgorithm": "CIP100:witnessAlgorithm",
            "publicKey": "CIP100:publicKey",
            "signature": "CIP100:signature"
          }
        }
      }
    }
  },
  "authors": [],
  "body": {
    "comment": "Summary\n\nEMURGO as a DRep votes YES on the treasury withdrawal titled “IO: Consensus Initiative, with rationale outlined below.\n\nRationale\n\nCardano’s 2030 ambitions rest on a single critical dependency: throughput capacity that does not yet exist at the required scale. Leios, designed as an overlay on Ouroboros Praos, delivers a 10 to 65x throughput increase while preserving Cardano’s security guarantees and decentralisation properties. Without it, the 2030 target of 27 million monthly transactions is structurally out of reach.\n\nThis proposal picks up from a 2025/26 cycle that has already delivered an early public testnet and a feature-complete alpha. The 26/27 cycle focuses on the hardest phase: maturing to a mainnet-ready release candidate, completing conformance testing against the formal Agda specification, and doing everything within IO’s control to enable the Leios hard fork. This is not speculative research. It is the execution phase of a protocol upgrade the community has already directionally endorsed.\n\nThe 27.7 million ADA request is consistent with the complexity of what is being delivered, spanning consensus engineering, ledger, networking, cryptography, formal methods, and performance validation. SPO workshops and updated guardrails documentation reflect a responsible approach to hard fork preparation. For these reasons, EMURGO votes YES."
  },
  "hashAlgorithm": "blake2b-256"
}