Withdraw ₳1,500,000 for Complement Catalyst: Extended Quadratic Funding---Zer...
Treasury withdrawal: Pays ADA out of the Cardano treasury.
- Status
- Expired: Voting closed without the action reaching the support it needed.
- Proposed
- 18 Jul 2025, in epoch 570
- Amount
- ₳1,500,000
- Action ID
- gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlpk0mqrnw
Votes
- DReps: 57.3% yes, 67% needed, threshold not reached, 124 Yes · 81 No · 15 Abstain.
- Stake pools: do not vote on this action.
- Constitutional Committee: 100% yes.
Abstract
This treasury withdrawal funds **Complement Catalyst: Extended Quadratic Funding---Zero Operational Costs** which will provide the following services:
An innovative funding mechanism to complement Project Catalyst by addressing five critical challenges in blockchain ecosystem innovation funding: concentrated voter power, treasury fund limitations, inadequate impact reporting, uncertain ROI, and inefficient milestone management. The solution has zero operational costs---100% of funds go directly to Cardano projects. By combining quadratic funding with a reputation-based system, it will create a more democratic, transparent, and effective allocation process while maximizing treasury fund impact.
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info action by also providing the details of the proposed solution, alignment to the budget, and amount to be withdrawn from the Cardano Treasury.