Treasury Withdrawal Actions: Ratification, Enactment, and Smart Contracts
With on-chain governance in full swing, many treasury withdrawal proposals have now passed or are nearing the thresholds required to pass. Understandably, many want to know what happens next. In this short blog, we outline the steps that will take place over the coming weeks.
Development Update #73 – August 1
Welcome to Intersect’s Development Update #73. This week marks a significant milestone as the first Treasury Withdrawal proposals administered by Intersect have successfully passed the 67% DRep supermajority. Alongside this governance breakthrough, members are invited to share their perspectives as part of our budget retrospective, and preparations are underway for September’s Board elections and October’s full committee elections. We’re also gearing up for Rare Evo in Las Vegas with talks, workshops, and community activities.
Treasury Withdrawals: First Intersect administered proposals pass 67%!
Intersect election season is coming: What you need to know
The ‘Intersect election season’ is a period of heightened community engagement and decision-making. It includes the nomination and voting phases for Intersect’s board of directors and the third election for Intersect’s committees, as well as the announcement of results and the subsequent transition of leadership.
We stand at a pivotal moment in the evolution of Intersect. This September and October, you have the opportunity to directly shape Intersect’s future and offer informed recommendations to the broader Cardano community. The upcoming elections for Intersect’s board and committees aren’t just procedural milestones; they represent the very essence of what makes Cardano extraordinary: true community governance in action.
From Framework to Funding: The Road to Responsible Treasury Management
The Cardano treasury wasn’t always part of the protocol; it emerged as a cornerstone of community governance only in the Voltaire era, after years of building toward decentralized decision-making. With Treasury Withdrawals now live on-chain, infrastructure is finally in place for the community to access funds responsibly, transparently, and under their own control.
Voting underway to confirm the new Constitutional Committee
One of the most important governance actions is now on chain: replacing the Interim Constitutional Committee with the newly elected Committee.
Intersect Development Update #72 – July 25
Welcome to Intersect’s Development Update #72. This week, voting is officially underway for the 39 Treasury Withdrawal actions submitted on-chain. Thank you to the many DReps who have already participated. We’re also reminding members to check their renewal status to ensure uninterrupted access to participation rights, particularly as governance activities are on the horizon.
Intersect Development Update #71 – July 18
Welcome to Intersect’s Development Update #71. This week, Cardano governance reaches a pivotal moment as 39 Treasury Withdrawal actions go live on-chain, moving the community one step closer to achieving fully decentralized and transparent funding. DReps and the interim Constitutional Committee are now voting, with ratification unlocking milestone-based smart contracts governed by Intersect’s administration framework.
Vote Now: 39 Cardano Treasury Proposals Await DRep and CC Approval
After months of collaboration across the Cardano community, Intersect has submitted 39 on-chain treasury withdrawal governance actions. Each proposal represents a community-supported initiative that previously passed through a Budget Info Action submitted earlier this year. This step marks another milestone moment, where funds from the Cardano Treasury can be securely and transparently distributed, guided by community decisions and facilitated by smart contracts.
Smart Contract Tooling: What’s available and who’s it for?
Smart contracts are a valuable innovation of Web3, providing programmable logic to transactions. Such logic is extremely valuable when building transparent and safe mechanisms for managing Cardano treasury funds.
Smart contract-based transparency for Cardano treasury funds
The Treasury Management Tooling Working Group has been focused on enabling smart contract-based transparency for Cardano treasury funds. In collaboration with IO engineering, Sundae Labs, and Xerberus—with audits by TxPipe and MLabs—the group has developed three core tools: