Withdraw ₳12,000,000 for Cardano Builder DAO administered by Intersect
Treasury withdrawal: Pays ADA out of the Cardano treasury.
- Status
- Enacted: Approved and in effect.
- Proposed
- 18 Jul 2025, in epoch 570
- Amount
- ₳12,000,000
- Action ID
- gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlp5u7pqqr
Votes
- DReps: 71.4% yes, 67% needed, threshold reached, 145 Yes · 40 No · 15 Abstain.
- Stake pools: do not vote on this action.
- Constitutional Committee: 100% yes.
Projects it pays for
Abstract
This treasury withdrawal funds **Cardano Builder DAO** which will provide the following services:
The Cardano Builder DAO (**CB DAO**) is a **smart contract-enforced**, **member-governed funding mechanism** created to **support the application-layer growth of the Cardano ecosystem**. Its core purpose is to **provide sustainable financial backing** and **strategic oversight to high-impact projects** that are directly responsible for existing user adoption, on-chain activity, Total Value Locked (TVL), and ecosystem engagement.
While Cardano's governance structure and funding mechanisms, such as Project Catalyst and core development committees, have been instrumental in bootstrapping protocol advancements and open-source tooling, **there remains a substantial gap in ongoing support for live, user-facing products/services. CB DAO fills that gap.**
Through a **transparent governance framework**, **strict accountability mechanisms**, and a **metrics-first funding approach**, CB DAO ensures that builders with growing products on mainnet can scale sustainably, integrate cutting-edge Cardano infrastructure (e.g. Hydra, Leios, Midgard), and contribute to the ecosystem's long-term growth.
This Treasury Withdrawal is submitted by Intersect on behalf of the vendor. The following sections; Abstract, Motivation, Rationale and Vendor Profile have been sourced from the approved proposal submitted by the Vendor as part of the Intersect budget process.
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info action by also providing the details of the proposed solution, alignment to the budget, and amount to be withdrawn from the Cardano Treasury.