Cardano Treasury Votes Go On-Chain as DRep Uses 17.82M ADA Power

Cardano DRep votes on nine Treasury actions with 17.82M ADA power, including a NO vote on IO’s ₳3.6M DevX proposal.

Cardano governance activity moved on-chain after a DRep submitted votes on nine Treasury Withdrawal actions with 17.82 million ADA in voting power. 

The DRep said all votes are now recorded on-chain and added that detailed reasons for each vote will be shared over the coming days.

DRep Submits Votes on Nine Treasury Actions

A Cardano DRep has confirmed votes on nine Treasury Withdrawal governance actions. The votes were submitted with 17.82 million ADA in delegated voting power.

The DRep thanked delegates for their trust and support after the votes went on-chain. The statement said each vote rationale will be shared separately.

The update points to growing activity within Cardano’s governance system. Treasury Withdrawal actions allow the community to assess funding requests through formal voting.

DReps play a central role in that process. They vote on behalf of ADA holders who choose to delegate governance power to them.

NO Vote Cast on IO Developer Experience Initiative

The DRep also confirmed a NO vote on the IO: Developer Experience Initiative governance action. The vote used the same 17.82 million ADA voting power.

The DRep said it agreed with the proposed outcomes, but not with the funding detail. The request asked for 3.6 million ADA for a six-month program.

In its rationale, the DRep said the proposal needed more than a top-level cost breakdown. It said the funding model was too broad for a large Treasury withdrawal.

The DRep stated, “I agree with the proposed outcomes, but the proposal doesn’t justify ₳3.6 million ADA.” It added that the cost model remained too coarse.

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Cost Detail and Process Concerns Raised

The DRep said the proposal listed broad spending categories. These included 81% for Development and Engineering, and 12% for Engagement and Ecosystem support.

However, the DRep said the plan did not map costs to named roles. It also cited missing FTE counts, rates, and milestone acceptance records.

The DRep said this made value assessment harder. It said voters could not clearly judge whether similar results could cost less.

The rationale also raised concerns about deliverables. It said terms such as “contracts ready-to-audit” and “unified onboarding” may be subjective.

The DRep said such items need clear evidence requirements. It also called for measurement methods at milestone stages.

The statement also cited a process concern. The DRep said IO should use the Intersect Budget Process, rather than bypassing it.

The DRep described the process as a tool for the gap between proposers and DReps. It said such proposals fit a budget mechanism or RFP-style selection.

The rationale said this could help compare competing approaches. It added that founding entities should model the standards expected from others.

The Cardano Treasury vote now becomes part of wider governance review. Community members may track the on-chain record and future vote explanations.

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