Governance Actions

Net Change Limit: Cardano Treasury (Epochs 613-713)

Info action: A poll. It records opinion on chain and changes nothing.

Status

Expired: Voting closed without the action reaching the support it needed.

Proposed

2 Jul 2026, in epoch 640

Action ID

gov_action15atytcy8ru7mkcs8m7r8mx7k5x36t0h6grtgmak6v5wmf4nq07lsqhakceq

Votes

• DReps: 62.4% yes, 107 Yes · 55 No · 10 Abstain.
• Stake pools: 2.8% yes, 16 Yes · 4 No · 2 Abstain.
• Constitutional Committee: 83.3% yes.

Abstract

By this Info action, the DReps agree a new Net Change Limit of 500,000,000 ada (500,000,000,000,000 lovelace) for the Cardano Treasury, for the period beginning at the start of Epoch 613 (February 13, 2026) and ending at the close of Epoch 713 (on or about July 3, 2027). This Net Change Limit is a fixed cap on the total ada removed from the Treasury through Treasury Withdrawals during the period; it does not count Treasury inflows. This is a newly agreed Net Change Limit: it is the applicable Net Change Limit for the period and supersedes any prior Net Change Limit for the same period. Because the period begins at the start of Epoch 613, all Treasury Withdrawals already debited during the period count toward this 500,000,000 ada limit. This Info action records the DReps' agreement to this Net Change Limit when Yes votes exceed 50% of the active voting stake, the threshold TREASURY-01a sets for agreeing a Net Change Limit; it has no direct on-chain effect and does not authorize any Treasury Withdrawal.