{ "@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" } } } } }, "authors": [], "body": { "comment": "I vote YES for the governance action setting a 300M ADA Net Change Limit (NCL) for epochs 563–635.\n\nAs I’ve emphasized in previous discussions on NCL, it’s essential to balance monetary policy protection with ecosystem investment while also accounting for delays in the budget process.\n\nDReps approved a budget of approximately 281M ADA, but the governance action for it has yet to be submitted. Setting the NCL at 300M ADA ensures an additional ~20M ADA remains available for spending if needed.\n\nA one-year NCL period makes sense, beginning in Q3 2025 and ending in Q2 2026—one year after this governance action’s potential ratification.\n\nWhile I personally favor a lower NCL of around 250M ADA, the majority of the voting stake supports higher spending, and that decision must be respected." }, "hashAlgorithm": "blake2b-256" }