{
  "@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"
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    },
    "authors": {
      "@id": "CIP100:authors",
      "@container": "@set",
      "@context": {
        "name": "http://xmlns.com/foaf/0.1/name",
        "witness": {
          "@id": "CIP100:witness",
          "@context": {
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            "signature": "CIP100:signature"
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  "authors": [],
  "body": {
    "comment": "Summary\nEMURGO as DRep votes YES on the governance action to fund Catalyst 2025 Proposal by Input Output: Advancing Decentralised Community Innovation Funding & Infrastructure, based on the rationale below.\n\nRationale\nCatalyst has been instrumental in growing Cardano’s innovation layer, and this proposal represents a comprehensive next step in its decentralization journey. By combining infrastructure upgrades through Hermes, a redesigned user experience, and the execution of three funding rounds, the proposal aligns strongly with Cardano’s 2025 goals. EMURGO values the inclusion of diversified voting mechanics, better accessibility across devices, and infrastructure that promotes transparency and efficiency. The introduction of RetroPGF and continued support for open-source and grassroots projects signals a matured direction for Catalyst, with positive long-term impact on the ecosystem.\n\nConclusion\nConclusion\nEMURGO acknowledges the critical role of the Catalyst program in advancing Cardano’s decentralized innovation funding and infrastructure. Accordingly, we vote YES on this governance action in support of its continued development."
  },
  "hashAlgorithm": "blake2b-256"
}