hash algorithm: blake2b-256
body:
  summary: We have determined that this treasury withdrawal governance action is constitutional.
  rationale statement: The governance action with ID "gov_action1cp0w6zwgwpj98jtu3r2q838lgwmhs6j49l58zx4q05lx220lmzaqqztnljz" and title "Cardano Critical Integrations V2" is a Treasury Withdrawal, and is therefore subject to the following sections and guardrails in the Cardano Constitution. ARTICLE II, Section 6 of the Cardano Constitution states that governance actions must follow a standardized and legible format, including a URL hosting an immutable document and a corresponding hash, and must provide sufficient rationale including a title, abstract, justification, and supporting materials. This governance action includes a valid URL and hash, which matches the hash of the off-chain documentation referenced. The rationale also meets the minimum content specified in this section. ARTICLE II, Section 7 specifies that Treasury Withdrawal governance actions must include the following: 1\. Purpose, Delivery Period, Costs, and Refund Conditions This governance action specifies: - The purpose of the withdrawal as "This governance action requests the withdrawal of ₳23,000,000 (USD 5,750,000 based on $0.25c) from the Cardano Treasury to cover a focused 'Year 2' contracted cost and a 12-month enhancement & maintenance program for the critical integrations already delivered or currently being integrated under the first Cardano Critical Integrations Budget ('CCI V1'): Circle (USDCx), LayerZero, Pyth Price Feeds, Dune Analytics, and a new full native integration of Fireblocks." - The period for delivery of proposed activities as "a 12 month delivery window" - The relevant costs and expenses under the heading "High-level budget breakdown" - Four circumstances under which "ada will be returned to the Cardano Treasury" under the heading "Refund Circumstances" These elements fulfil the requirements of Article II, Section 7(1). 2\. Prior Treasury Funding Disclosure ARTICLE II, Section 7(2) requires disclosure of whether the prospective recipient has received ada from the Cardano Treasury within the last …
  precedent discussion: None
  counterargument discussion: None
  conclusion: This governance action sufficiently fulfils the criteria specified for treasury withdrawals in the Cardano Constitution, so is deemed constitutional.
  internal vote:
    constitutional: 5
    unconstitutional: 0
    abstain: 2
    did not vote: 0
authors:
  name: Eastern Cardano Council
  witness:
    witness algorithm: ed25519