{
  "@context": {
    "@language": "en-us",
    "CIP100": "https://github.com/cardano-foundation/CIPs/blob/master/CIP-0100/README.md#",
    "CIP136": "https://github.com/cardano-foundation/CIPs/blob/master/CIP-0136/README.md#",
    "hashAlgorithm": "CIP100:hashAlgorithm",
    "body": {
      "@id": "CIP136:body",
      "@context": {
        "references": {
          "@id": "CIP100:references",
          "@container": "@set",
          "@context": {
            "GovernanceMetadata": "CIP100:GovernanceMetadataReference",
            "Other": "CIP100:OtherReference",
            "label": "CIP100:reference-label",
            "uri": "CIP100:reference-uri",
            "RelevantArticles": "CIP136:RelevantArticles"
          }
        },
        "summary": "CIP136:summary",
        "rationaleStatement": "CIP136:rationaleStatement",
        "precedentDiscussion": "CIP136:precedentDiscussion",
        "counterargumentDiscussion": "CIP136:counterargumentDiscussion",
        "conclusion": "CIP136:conclusion",
        "internalVote": {
          "@id": "CIP136:internalVote",
          "@container": "@set",
          "@context": {
            "constitutional": "CIP136:constitutional",
            "unconstitutional": "CIP136:unconstitutional",
            "abstain": "CIP136:abstain",
            "didNotVote": "CIP136:didNotVote",
            "againstVote": "CIP136:againstVote"
          }
        }
      }
    },
    "authors": {
      "@id": "CIP100:authors",
      "@container": "@set",
      "@context": {
        "did": "@id",
        "name": "http://xmlns.com/foaf/0.1/name",
        "witness": {
          "@id": "CIP100:witness",
          "@context": {
            "witnessAlgorithm": "CIP100:witnessAlgorithm",
            "publicKey": "CIP100:publicKey",
            "signature": "CIP100:signature"
          }
        }
      }
    }
  },
  "hashAlgorithm": "blake2b-256",
  "body": {
    "govActionId": "gov_action1gxxltxr02p28a398p8c6t08xhpg82wkkv9xgwvuxkly48lhgf20sqlkl2l8",
    "summary": "Tingvard judges the “OpenZeppelin Cardano Development Stack” Treasury Withdrawal governance action constitutional.",
    "rationaleStatement": "This governance action requests 11,787,063 ADA from the Cardano Treasury to fund a 12-month programme delivering open-source Cardano development infrastructure, including three Reference Implementations, a Cardano Contracts Library, developer tooling, and a dedicated security retainer.\n\nThe proposal identifies the purpose of the withdrawal, the amount requested, the 12-month delivery period, and the intended scope of work. It provides four quarterly milestones with defined deliverables and acceptance criteria covering the Reference Implementations, Contracts Library, developer tooling, security work, and ecosystem enablement.\n\nThe proposal provides a detailed budget. The 11,787,063 ADA request consists of 11,443,750 ADA for delivery and a 343,313 ADA Intersect administration fee. Disbursement is milestone-based, with the delivery funds converted to a USD-denominated stablecoin and the remaining milestone payments released only following submission of evidence and verification by Intersect Delivery Assurance.\n\nThe proposal identifies Intersect as administrator and provides a defined treasury management structure through the TRSC and PSSC framework. The proposal specifies the relevant permissions, multi-signature requirements, and external oversight arrangements.\n\nThe proposal addresses custody and delegation. Funds are directed to the TRSC, with the TRSC and PSSC unable to be staked with an SPO and delegated to the predefined auto-abstain DRep while held before disbursement. A public dashboard also enables community auditing and tracking of the withdrawn ADA.\n\nThe proposal includes audit and oversight provisions. Security audits and reviews are incorporated throughout the milestones, while the proposal also provides for independent oversight through Intersect and a technically capable third party.\n\nThe proposal includes refund circumstances. Funds remaining in the treasury management contract at expiry automatically sweep back to the Cardano Treasury.\n\nThe proposal provides the required prior treasury funding disclosure. OpenZeppelin states that it has not received ADA from the Cardano Treasury within the preceding 24 months and that this is its first Treasury funding request.\n\nThe proposal states that the requested amount does not breach the applicable 500M Net Change Limit at the time of submission and complies with TREASURY-02a.\n\nTingvard therefore finds that the proposal satisfies the relevant constitutional requirements for a Treasury Withdrawal governance action.",
    "precedentDiscussion": "N/A",
    "counterargumentDiscussion": "N/A",
    "conclusion": "Tingvard finds the “OpenZeppelin Cardano Development Stack” Treasury Withdrawal governance action constitutional.\n\nThe proposal identifies the purpose, amount, delivery period, costs, refund circumstances, administrator, custody and delegation arrangements, audit and oversight provisions, prior funding disclosure, and NCL position.\n\nTingvard therefore judges this governance action constitutional.",
    "internalVote": {
      "constitutional": 4,
      "unconstitutional": 0,
      "abstain": 0,
      "didNotVote": 1,
      "againstVote": 0
    },
    "references": [
      {
        "@type": "RelevantArticles",
        "label": "Cardano Blockchain Ecosystem Constitution",
        "uri": "ipfs://bafkreieyuknozbtewyurfqoagvplvykadn6a4u6wglupavdz46bbsnnl6e"
      }
    ]
  },
  "authors": [
    {
      "name": "Tingvard",
      "imageUrl": "ipfs://QmPkHXdK6GLtDNyyKFBWRwARFEy9TPFcbpDganixmRXwWJ"
    }
  ]
}