Withdraw ₳2,162,096 for Midgard - Optimistic Rollups 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
- ₳2,162,096
- Action ID
- gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlqqfgyy3v
Votes
- DReps: 74.7% yes, 67% needed, threshold reached, 198 Yes · 8 No · 1 Abstain.
- Stake pools: do not vote on this action.
- Constitutional Committee: 85.7% yes.
Projects it pays for
Abstract
This treasury withdrawal funds **Midgard - Optimistic Rollups** which will provide the following services: Midgard, which is a modular framework for deploying optimistic rollup Layer 2s on the Cardano blockchain, designed to enhance transaction throughput, reduce costs, and enable advanced decentralized applications.
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info action by also providing the details of the proposed solution, alignment to the budget, and amount to be withdrawn from the Cardano Treasury.