Ada holders to vote to unlock Cardano’s $223 (USD) million treasury pot and fund 39 revolutionary initiatives
Cardano Empowers Community with $223M Treasury in Bold Governance Shift
- Intersect, a Cardano member-based organization, is calling on all ada holders, via their Delegated Representatives (DReps), to vote on 39 funding proposals totaling 275m+ ada.
- Each of the 39 selected proposals, backed by over 30 leading ecosystem vendors, is designed to supercharge Cardano’s infrastructure and continue to demonstrate Cardano as the leading layer one for innovation, technological prowess, and decentralization.
- In an Intersect-first for the community, Intersect is rolling out smart contract-powered treasury withdrawals as a means to build transparency and rigor amidst the blockchain’s largest funding process to date.
9 am (ET) Thursday 24th of July: Following the historic approval of the Ecosystem Budget Proposal by ada holders last month, Cardano has officially begun the process to release up to 275,269,340 ada, equivalent to over $223 million USD, in community-directed governance funding.
To release these funds, Intersect, a member-based organization overseeing the 39 initiatives, is calling on all ada holders to take action now and begin voting. By voting Yes or No, the community plays a critical role in bringing these proposals to life. This marks an essential step forward in the community-based governance of Cardano.
The community has 30 days before voting expires but treasury withdrawals can theoretically pass in a single epoch (5 days) if 67% D-reps and 5 out of 7 constitutional committee members approve. The more votes cast by the community, the faster the blockchain can innovate and move towards its future.
This moment for DRep participation represents more than a milestone for Cardano; it signals a broader evolution in how blockchain ecosystems are governed and the infrastructure engineering that will scale and fast sync the current framework. Each initiative, concerned with protocol development, tooling, governance support, marketing or the open-source infrastructure, proves central in ensuring the scaling of Cardano’s future performance.
To protect the treasury withdrawal process and ensure funds are being allocated coherently to each action, Intersect’s integration of smart contract technology is set to revolutionize the funding process. This includes five independent third-party entities providing oversight, as well as publishing a range of policies, smart contracts, and tools into production to support secure execution. These areSundae Labs, Xerberus, NMKR, Dquadrant, and The Cardano Foundation.
In particular, a groundbreaking smart contract framework has been developed with a lead competent contract developer and one of the parties providing treasury oversight, Sundae Labs, to uphold the transparency of Cardano’s governance funding system. It is set to automatically release ada to approved vendors once DReps vote “yes” and the proposal passes.
It is also set to remove intermediaries and ensure funds are only disbursed as governed on-chain.Only proposals approved by a threshold of DReps and Cardano’s Constitutional Committee can trigger a withdrawal, hence the need for DRep action now.
By embedding smart contracts into the treasury withdrawal process, Cardano isn’t just enabling the secure release of funding today, it’s laying a trustless, transparent foundation for future administrators, vendors, and ecosystem contributors. This approach sets the stage for long-term investment, scalable decision-making, and a governance model that can grow with the network for years to come.
On the impact of the Cardano treasury withdrawal process, Interim Executive Director at Intersect, Jack Briggs, commented, “This marks a major milestone in Cardano’s on-chain governance. For the first time, ada holders are collectively signaling support for Treasury Withdrawals through a transparent, community-led process. Cardano stands alone in having this level of decentralization built directly into its protocol design.
“These 39 proposals represent critical infrastructure, product, and governance workstreams, each aligned with Cardano’s long-term roadmap. What’s significant is not just the content of these proposals, but how they’re being approved: through delegated representative voting, with checks and balances encoded into smart contracts and subject to audit and oversight.
“This is real-world decentralized coordination. It reflects a governance system where funding, execution, and accountability are no longer abstract ideals but operational realities, resilient by design and shaped directly by the people the protocol is meant to serve.”
To get these 39 community-led initiatives across the line, ada holders play a central role in the future direction of the network and prioritize transparent and decentralized funding.
Delegate Your Voting Power to FEED DRep in Cardano Governance.
DRep ID: drep12ukt4ctzmtf6l5rj76cddgf3dvuy0lfz7uky08jfvgr9ugaapz4 | We are driven to register as a DRep by our deep dedication to the Cardano ecosystem and our aspiration to take an active role in its development, ensuring that its progress stays true to the principles of decentralization, security, and community empowerment.DELEGATE VOTING POWER!
