{ "@context": { "@language": "en", "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" } } } }, "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": { "summary": "We consider this governance action to be constitutional.", "rationaleStatement": "This proposal is a Treasury Withdrawal Governance Action to withdraw ₳1,684,050 from the Cardano Treasury in connection with \"Tx3 by TxPipe: Open API Layer for Cardano's dApp Protocols,\" proposed by TxPipe. This proposal met the 67% support threshold required during the Hydra voting phase of the 2026 Intersect budget process and has proceeded to the submission of an on-chain Treasury Withdrawal Governance Action in accordance with the approved budget process framework. This proposal references the proposal document on IPFS and presents the proposal's title, summary, rationale, justification, and relevant supplementary materials. These correspond to the requirements of Article 2, Section 6, Paragraphs 1 and 2 of the Cardano Constitution. Regarding Article 2, Section 7, Paragraph 1, this proposal aims to provide an open and standardized interface for Cardano's core on-chain protocols, and the supplementary materials specify a 12-month implementation period. Additionally, the proposal presents a breakdown of costs, including ₳1,260,000 for development team expenses, ₳48,000 for cloud infrastructure, contingency funds of ₳327,000, and an Intersect budget management fee of ₳49,050. Furthermore, the supplementary materials state that upon project completion, any ADA exceeding the amount necessary to cover the $327,000 project budget will be returned to the Cardano Treasury. Regarding Article 2, Section 7, Paragraph 2, this proposal discloses that TxPipe received funding through 30 Project Catalyst proposals from Fund 9 through Fund 14, and that it received open-source maintenance funding for Pallas, Dolos, and UTxO RPC through Intersect's 2025 budget cycle. Regarding Article 2, Section 7, Paragraph 3, this proposal confirms that the requested amount of ₳1,684,050 falls within the ₳350,000,000 Net Change Limit covering Epochs 613 through 713. Regarding Article 2, Section 7, Paragraph 4, this proposal includes audit and oversight costs within the overhead applied to the proposal, and the Intersect administration fee covers administrative oversight. Additionally, it outlines independent oversight, reporting obligations, and milestone-based disbursement controls. Furthermore, the supplementary materials state that Blink Labs will serve as the independent reviewer to verify milestone completion and the quality of deliverables, and that relevant metrics can be tracked via a public dashboard. Regarding Article 2, Section 7, Paragraph 5, the proposal designates Intersect as the administrator to oversee milestone-based payments and supervision through Delivery Assurance. Regarding Article 2, Section 7, Paragraph 6, the proposal outlines a mechanism to manage funds via the Treasury Reserve Smart Contract and transfer them to the Project-Specific Smart Contract once the legal agreement is prepared and the vendor is ready. It also enables community audits and on-chain verification via a public dashboard. Furthermore, it is stated that these smart contracts cannot be staked with an SPO and will be delegated to the predefined auto-abstain DRep. Therefore, as no clear conflict with the Cardano Constitution has been identified, this proposal is deemed constitutional.", "precedentDiscussion": "None", "counterargumentDiscussion": "It is difficult to argue that a structure in which funds for multiple projects are consolidated into the TRSC using a single receiving address is fully consistent with the requirement for \"separate accounts\" set forth in Article 2, Section 7, Paragraph 6 of the Constitution. In light of this, some of our members deemed the structure unconstitutional, arguing that it could not be considered constitutional.", "conclusion": "For the reasons stated above, we determine that it is constitutional.", "internalVote": { "constitutional": 2, "unconstitutional": 1, "abstain": 1, "didNotVote": 0 }, "references": [ { "@type": "RelevantArticles", "label": "CARDANO BLOCKCHAIN ECOSYSTEM CONSTITUTION", "uri": "ipfs://bafkreieyuknozbtewyurfqoagvplvykadn6a4u6wglupavdz46bbsnnl6e" } ] }, "authors": [ { "name": "Cardano Japan Council", "witness": { "witnessAlgorithm": "ed25519", "publicKey": "833ddc6eedc272e763c33b9e6ed91efea5f0a5161f05bf72c83326a9b11507de", "signature": "d7ec78a8475b7842f076cae1e1b6a956420a256dcbeaf3d60d14da82ed92639220692cd79800ced6a24bdf9a1efdabd7983c5d94dd55a28c42473d196501a601" } } ] }