hash algorithm: blake2b-256
body: Cardano Blockchain Ecosystem Budget - 275M ada Administered by Intersect
  abstract: short abstract
  motivation: On March 30, the Cardano community approved the “Defining the Cardano Vision and Roadmap for 2025 and Beyond” Info Action, establishing the foundations for building and anchoring a budget to support its delivery. The budget process - facilitated by Intersect in collaboration with the Cardano community and DRep participation - was designed to be inclusive, with no formal criteria required to take part. It supports the ongoing operation, maintenance, and future development of the Cardano blockchain ecosystem and implementation, administration and maintenance of the decentralized, on-chain governance processes (as outlined in Article IV, Section 1). The proposals included in this budget below reflect those signaled “yes” by DReps during the final temperature check via the polling tool Ekklesia, which concluded at 23:59 UTC on May 5, 2025: - 96,817,080 ada: 2025 Input Output Engineering Core Development Proposal - 69,459,000 ada: Catalyst 2025 Proposal by Input Output: Advancing Decentralised Community Innovation Funding & Infrastructure - 26,848,000 ada: Input Output Research (IOR): Cardano Vision - Work Program 2025 - 15,750,000 ada: A member-based organization for the Cardano ecosystem: Intersect - 12,000,000 ada: Cardano Builder DAO - 11,070,323 ada: TWEAG’s Proposals for multiple core budget projects for Cardano 2025 - 6,000,000 ada: Cardano Summit 2025 and regional tech events - 6,000,000 ada: Unveiling the First Unified Global Events Marketing Strategy for Cardano - 5,885,000 ada: OSC Budget Proposal - Paid Open Source Model for Sustainable Development - 4,000,000 ada: Expanding Stablecoin / Cardano Native Asset Support / Fiat Ramps - 3,126,000 ada: Ecosystem Exchange Listing and Market Making service pool - 3,000,000 ada: High-yield RWA Asset for Cardano : Tokenized Real Estate - 2,162,096 ada: Midgard - Optimistic Rollups - 1,500,000 ada: Complement Catalyst: Extended Quadratic Funding—Zero Operational Costs - 1,300,000 ada: Blockfrost Platform community budget…
  rationale: This rationale underpins the Cardano Blockchain Ecosystem Budget Info Action - an aggregate allocation of 275,269,340 ada across 39 proposals that each won >50% of participating DRep stake (3.8B ada in live stake, ≈ 70% of actively delegated stake excluding auto delegation options). ## Proposal Intake & Consolidation Between 1 April – 5 May 2025, Intersect’s Budget Committee accepted funding requests through two streams: - Committee “block budgets” connected to several Intersect committees (product, open source, governance, marketing, research) aligned to the vision and product roadmap. - Open community submissions from any Cardano contributor, regardless of Intersect membership. All 194 submissions followed a standard template (problem, benefits, roadmap alignment, cost) and could be refined with committee feedback, capturing both top-down strategy and bottom-up innovation before DRep review. ## Community Signalling DReps and ada holders expressed their preferences in two rounds of off-chain polling: an initial GovTool survey and a final Ekklesia “temperature-check” poll that closed at 23:59 UTC on 5 May 2025. Proposals that garnered over 50% of the participating DRep stake and selected Intersect as their Administrator advanced to this Budget Info Action. The poll artefacts are publicly available (see references below). All proposal content was timestamped at the close of the temperature-check poll and now published to IPFS as part of this on-chain submission, creating an immutable record. ## On-Chain Approval & Oversight ### Budget Info Action & Net Change Limit The 39 qualifying proposals have been bundled into this single Budget Info Action for DRep ratification. While the total requested funding sits below the Net Change Limit (NCL) currently in force—350 trillion lovelace, or 350 million ada, as of 8 May 2025—the NCL itself can be amended by a separate Info Action at any time. Consequently, each subsequent Treasury Withdrawal must be presented and approved onl…
  references: Other
    label: Details of all successful proposal (CSV)
  references: Other
    label: Ekklesia poll all results (CSV)
  references: Other
    label: Ekklesia temperature-check poll result on-chain proof (PDF)
  references: Other
    label: Ratification Methodology
  references: Other
    label: Ekklesia Platform
    uri: https://2025budget.intersectmbo.org
  references: Other
    label: Defining the Cardano Vision and Roadmap for 2025 and beyond (via GovTool)
    uri: https://gov.tools/outcomes/governance_actions/56f39054758f1a3cedc1de9225d66bf270b62dfdbfbc5399f1d6d43aceffc636#0
  references: Other
    label: Treasury Management Smart Contracts
    uri: https://github.com/SundaeSwap-finance/treasury-contracts