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_action1fah9m7dxu99af8jqdc4mkrgs3va790nyh9tfhycq2wsvrm47p4rsqtcm6ry" and title "IO: Hydra" 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 proposal funds four workstreams - performance optimization, operational excellence, ecosystem support, and developer experience - delivering a feature-complete and hardened Hydra v2 so we offer a competitive scaling solution to existing builders and new builders adopt Cardano." - The period for Hydra Maintenance & DevX (under Deliverables and Roadmap), as being Q3-Q4 2026. The other 3 items do not include a delivery period, however it could be implied that they will be implemented prior to or during the Hydra Maintenance & DevX period. We would recommend that future governance actions be more explicit in specifying the period for all deliverables. - The relevant costs and expenses in the "Funding Distribution" table under the "Budget" heading. - The circumstances under which funds may be refunded to the Cardano Treasury as "All funds not disbursed by the end of the delivery period will be returned to the Cardano Treasury. A final reconciliation will be published as part of the oversight reporting cycl…
  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: 4
    unconstitutional: 0
    abstain: 2
    did not vote: 1
authors:
  name: Eastern Cardano Council
  witness:
    witness algorithm: ed25519