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  "body": {
    "comment": "Summary\nEMURGO as a DRep votes NO on the treasury withdrawal titled \"Cardano dOSPO and OMF Program\", with rationale outlined below.\n\nRationale\nEMURGO recognises the structural problem this proposal is trying to solve. Open source infrastructure in Cardano is undermaintained, selection of funded projects has historically been driven by relationships rather than dependency data, and the ecosystem lacks a sustained operational layer to translate governance decisions into maintenance outcomes. The dOSPO and OMF design addresses these failures more systematically than previous attempts, and Christian Taylor's institutional knowledge of where earlier programs broke down is evident in the proposal's architecture.\nThat said, 12,000,000 ADA over 36 months is a significant commitment, and the proposal asks the community to make it before the most critical precondition has been met: the independent legal entity that is meant to underpin the program's governance independence does not yet exist. The two advisory councils that are designed to prevent unilateral decision-making cannot be constituted under an entity that has not been registered. For the first six months, the program operates entirely through Open Source Cowboy Consulting, a sole-founder consulting firm, with full portfolio reserve authority sitting in a transitional arrangement that the proposal itself acknowledges carries structural risk.\nA three-year treasury commitment of this scale is difficult to justify when the operator, the entity, the council composition, and the dependency methodology are all being established simultaneously in the first quarter. The program's governance independence is the core of its value proposition, but it is promised rather than demonstrated. For these reasons, EMURGO votes NO.\n"
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