Withdraw 120,000,000 ada for AlphaGrowth’s Cardano PRIME
Treasury withdrawal: Pays ADA out of the Cardano treasury.
- Status
- Enacted: Approved and in effect.
- Proposed
- 9 Jul 2026, in epoch 642
- Amount
- ₳120,000,000
- Action ID
- gov_action122wue2k65qq8gmpz795z2axt8apka6ay6xt3pwg8jxj5yfkujmtsqvlfpu7
Votes
- DReps: 80.1% yes, 67% needed, threshold reached, 155 Yes · 39 No · 12 Abstain.
- Stake pools: do not vote on this action.
- Constitutional Committee: 85.7% yes.
Projects it pays for
Abstract
This Treasury Withdrawal funds Cardano PRIME, a 12-month community-overseen program to improve DeFi protocol readiness, responsibly activate incentives, and grow durable liquidity across Cardano markets. The withdrawal requests ₳120,000,000, with USD figures included only as planning references at the $0.16/ADA assumption.
PRIME is executed by AlphaGrowth under Operating Group oversight. Intersect acts as Constitutional Administrator and manages the withdrawn funds directly. Program funds are released through milestone-gated and action-gated processes, including a Month 4 Phase 3 release gate, published recommendations and disbursement records, independent audit or assurance funding, a separate auditable account, abstain delegation while funds are held before disbursement, and return-to-treasury triggers for unused, unearned, or unreleased funds.
This withdrawal is conditional on an applicable Net Change Limit having been agreed under TREASURY-01a and having enough remaining capacity to cover the withdrawal in full at enactment.