{
  "@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"
          }
        }
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    },
    "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"
          }
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  "hashAlgorithm": "blake2b-256",
  "body": {
    "summary": "We consider this governance action to be constitutional.",
    "rationaleStatement": "This proposal is a Treasury Withdrawal Governance Action to withdraw ₳18,263,496 from the Cardano Treasury for the “Tweag Core Cardano Infrastructure: Treasury Withdrawal 2026–2027” project by Tweag by Modus Create. In accordance with Article 2, Section 6, Paragraphs 1 and 2 of the Cardano Constitution, this proposal adopts an immutable off-chain reference using IPFS. Furthermore, the proposal text includes a title, summary, rationale, justification, and references to relevant materials, providing the information necessary to evaluate it as a Governance Action. Regarding Article 2, Section 7, Paragraph 1, this proposal aims to implement the mainnet deployment of Peras, History Expiry, and Conformance Testing. The proposal details the implementation period, budget amount, budget justification, and conditions for the return of funds related to unused funds or a reduced scope. Regarding Article 2, Section 7, Paragraph 2, this proposal discloses that TWEAG has been responsible for delivering work funded by the Cardano Treasury and states the total amount allocated in the Treasury Smart Contract as ₳11,070,322.68. Regarding Article 2, Section 7, Paragraph 3, this proposal requests ₳18,263,496 and confirms that this amount falls within the 350M ADA Net Change Limit applicable to Epochs 613–713 at the time of submission. Article 2, Section 7, Paragraphs 4 and 5 describe contract management with Intersect as the administrator, milestone management, third-party assurance, delivery assurance, the Treasury Reserve Smart Contract (TRSC) and Project-Specific Smart Contracts (PSSC), an Oversight Committee composed of external independent third parties, auditing, reporting obligations, and auditability via a public dashboard. It also details independent validation by No Witness Labs, the treasury management smart contract framework by Sundae Labs, and audits by TxPipe and MLabs. Furthermore, regarding Article 2, Section 7, Paragraph 6, the proposal describes fund management using TRSC and PSSC, non-delegation to SPOs, and delegation to a predefined auto-abstain DRep, explaining a fund management method consistent with the requirements of being “auditable by the Cardano Community,” “separate accounts,” “not delegated to a SPO,” and “delegated to a predefined abstain voting option.” Therefore, as no clear conflict with the Cardano Constitution has been identified, we determine that this proposal is 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 CC 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": 3,
      "unconstitutional": 1,
      "abstain": 0,
      "didNotVote": 0
    },
    "references": [
      {
        "@type": "RelevantArticles",
        "label": "CARDANO BLOCKCHAIN ECOSYSTEM CONSTITUTION",
        "uri": "ipfs://bafkreieyuknozbtewyurfqoagvplvykadn6a4u6wglupavdz46bbsnnl6e"
      }
    ]
  },
  "authors": [
    {
      "name": "Cardano Japan Council",
      "witness": {
        "witnessAlgorithm": "ed25519",
        "publicKey": "833ddc6eedc272e763c33b9e6ed91efea5f0a5161f05bf72c83326a9b11507de",
        "signature": "4917730d2f284ce2106c633776977651aefc800a964de8782e7d63354fe836bec810436ebc7bd7cd08f4ecaadd3d8755f33fb597ce200d7dedbefddac6fade04"
      }
    }
  ]
}