Withdraw ₳15,750,000 for a MBO for the Cardano ecosystem: Intersect
Treasury withdrawal: Pays ADA out of the Cardano treasury.
- Status
- Enacted: Approved and in effect.
- Proposed
- 18 Jul 2025, in epoch 570
- Amount
- ₳15,750,000
- Action ID
- gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlp2tyw3h6
Votes
- DReps: 71.8% yes, 67% needed, threshold reached, 141 Yes · 39 No · 8 Abstain.
- Stake pools: do not vote on this action.
- Constitutional Committee: 100% yes.
Projects it pays for
Abstract
This treasury withdrawal funds **A member-based organization for the Cardano ecosystem: Intersect** which will provide the following services:
Intersect exists to serve as a neutral, nonprofit coordination layer that bridges decentralized governance and decentralized infrastructure. Our mission is not to direct the network, but to enable it. By stewarding core systems, supporting community-led processes, and facilitating safe, transparent delivery.
Specifically, this proposal will fund Intersect to:
- Steward core infrastructure
- Execute the Administrator role
- Support participation and coordination
- Facilitate roadmap and budget processes
- Expand ecosystem capacity
Note: Intersect's original proposal submitted early in the off-chain process was updated after recent leadership changes. However, this proposal reflects the approved Budget Info Action and new strategic direction.
This treasury withdrawal funds one of 39 proposals to give effect to the approved budget info action for ₳275,269,340, administered by Intersect via gov_action1u9x73kwufaxa70lfy59g4ynwyrcsaxdcd0gxzzmh67s9fxq4j8hqqk2phgh. The information provided herein is intended to fulfill the spirit of the constitutional requirement for a treasury withdrawal info action by also providing the details of the proposed solution, alignment to the budget, and amount to be withdrawn from the Cardano Treasury.