2025 Cardano NCL
Info action: A poll. It records opinion on chain and changes nothing.
- Status
- Expired: Voting closed without the action reaching the support it needed.
- Proposed
- 25 Apr 2025, in epoch 554
- Action ID
- gov_action10k0unljvaej0kd89w7pn0zkgdx59c7xkl0x5q78dzvdtd73u0kmqq5xl5y5
Votes
- DReps: 43.9% yes, 213 Yes · 85 No · 11 Abstain.
- Stake pools: 3.7% yes, 35 Yes · 1 No · 1 Abstain.
- Constitutional Committee: 100% yes.
Abstract
The Cardano Constitution, at Article IV, Section 3, requires that before withdrawal of Treasury funds, the community must have established a Net Change Limit (NCL). This means passing a NCL in a formal on-chain governance info action. The NCL represents the maximum amount of ada which may be withdrawn from the Cardano Treasury in a given period. It is a guardrail which, by definition in the Cardano Blockchain Ecosystem Constitution Definitions referenced below, protects the sustainability of the Cardano Treasury by preventing excessive withdrawals.