{ "@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" } } } } }, "body": { "comment": "After thorough analysis, I vote YES on the 2025 Net Change Limit proposal of 350M ADA. My reasoning: The 350M cap strikes an optimal balance between fiscal responsibility and ecosystem growth. It matches projected treasury income, effectively implementing a balanced budget principle that preserves our ~1.64B ADA treasury while fully deploying annual yields. This approach aligns with successful sovereign wealth fund models and represents a mature evolution from Catalyst's informal limits to constitutionally-bounded governance. While I acknowledge the merit of more conservative proposals (like the 300M alternative), historical data shows 350M is sustainable - our 2024 inflow was ~336M ADA with only ~190M spent. This headroom for increased funding is crucial as Cardano scales. Most importantly, the NCL adheres to constitutional guardrails while institutionalizing fiscal discipline. It's a landmark step in decentralized treasury management, positioning Cardano ahead of peers like Polkadot who've faced challenges without formal caps. Let's build responsibly." }, "hashAlgorithm": "blake2b-256" }