{ "@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": "Summary\n\nYoroi DRep votes YES on the treasury withdrawal titled “Cardano x Draper Dragon: Orion Fund.” This decision is supported by the proposal’s potential to accelerate builder activity and ecosystem development, while allowing the community to assess progress before any future funding requests are considered.\n\nRationale\n\n• Balanced approach to treasury deployment\nWhile treasury funds should be used carefully, excessive caution can also slow ecosystem progress. Yoroi believes it is important to explore new mechanisms that can expand real demand for Cardano, while maintaining oversight and governance safeguards.\n\n• Experienced venture partners\nThe initiative will be managed by Draper Dragon, part of the Draper venture network with experience supporting technology and blockchain startups. While this does not remove investment risk, it provides some basis for assessing the model through an initial phase.\n\n• Investment model rather than a one-way grant\nUnlike traditional ecosystem grants, the Orion Fund is structured as a venture-style investment vehicle where capital is expected to generate returns and flow back to the Treasury. This introduces a different mechanism for supporting ecosystem growth while aiming to strengthen long-term treasury sustainability.\n\n• Initial phase with governance oversight\nThis proposal approves only the first funding stage, while any future withdrawals would require separate governance approval. This approach allows the community to review early outcomes and determine whether the model delivers meaningful ecosystem results before further treasury capital is considered.\n\nConclusion\nYoroi as a DRep supports the approval of this treasury withdrawal. The proposal introduces a new approach to ecosystem development that combines investment with potential capital return to the treasury. Although the outcome will ultimately depend on execution, Yoroi considers it worthwhile to allow the initiative to proceed and evaluate its results through the governance process." }, "hashAlgorithm": "blake2b-256" }