{
  "@context": {
    "CIP100": "https://github.com/cardano-foundation/CIPs/blob/master/CIP-0100/README.md#",
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    "body": {
      "@id": "CIP100:body",
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            "GovernanceMetadata": "CIP100:GovernanceMetadataReference",
            "Other": "CIP100:OtherReference",
            "label": "CIP100:reference-label",
            "uri": "CIP100:reference-uri",
            "referenceHash": {
              "@id": "CIP100:referenceHash",
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                "hashDigest": "CIP100:hashDigest",
                "hashAlgorithm": "CIP100:hashAlgorithm"
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        },
        "comment": "CIP100:comment",
        "externalUpdates": {
          "@id": "CIP100:externalUpdates",
          "@context": {
            "title": "CIP100:update-title",
            "uri": "CIP100:uri"
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  "authors": [],
  "body": {
    "comment": "Summary\nYoroi DRep votes YES on Cardano DeFi Liquidity Budget – Withdrawal 1, recognizing it as an initial step toward establishing the foundations for a treasury-backed DeFi liquidity initiative.\nRationale\n• Phased execution design\nThe proposal limits this withdrawal to foundational components, prioritizing legal setup, audit readiness, and contract infrastructure before any capital deployment. This sequencing ensures key structures are in place prior to scaling.\nDefined scope with ecosystem participation\nThe 800,000 ADA request is tied to specific deliverables, including legal entity formation, audit execution, and multisig contract deployment. Smart contract development is being contributed by ecosystem teams without direct funding, indicating alignment and shared commitment to the initiative.\n• Controlled fund management framework\nUse of a 5-of-9 multisignature Amaru contract introduces distributed oversight and enforces collective authorization, supporting secure and transparent handling of funds.\nConclusion\nYoroi supports proceeding with this initial withdrawal as a setup step. Progressing beyond this stage should be paired with clearer frameworks for capital deployment, improved transparency on performance, well-defined governance processes, and stronger accountability mechanisms."
  },
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