{
  "@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_action15atytcy8ru7mkcs8m7r8mx7k5x36t0h6grtgmak6v5wmf4nq07lsqhakceq",
    "summary": "Tingvard judges the “Net Change Limit: Cardano Treasury (Epochs 613–713)” Info Action constitutional.",
    "rationaleStatement": "This Info Action proposes that DReps agree a new Net Change Limit of 500,000,000 ADA for the Cardano Treasury, covering the period from the start of epoch 613 to the close of epoch 713.\n\nUnder Appendix I, TREASURY-01a, the Net Change Limit must be agreed by the DReps through an on-chain governance action approved by more than 50% of the active voting stake. This Info Action is the mechanism used to record that agreement.\n\nThe action clearly states the amount of the limit, the period to which it applies, and how the limit is calculated. It caps the cumulative amount of ADA removed from the Treasury by enacted Treasury Withdrawal governance actions during the stated period.\n\nThe action also makes clear that only Treasury Withdrawals actually debited from the Cardano Treasury and recorded on the ledger count toward the limit. Expected, draft, scheduled, unratified, or unenacted withdrawals do not count.\n\nThe action states that Treasury inflows, including refunds or returns of Treasury-funded amounts, do not increase the limit. This preserves the Net Change Limit as a fixed cap on Treasury outflows, rather than a floating net balance.\n\nThe action further clarifies that Treasury Withdrawals already debited during the period beginning at epoch 613 count toward the new limit. It does not reset, reverse, re-open, or re-authorize any previous Treasury Withdrawal.\n\nTingvard notes that nothing in the Constitution prevents DReps from agreeing a new Net Change Limit for a period for which a prior limit has already been agreed. Once agreed, this action establishes the applicable Net Change Limit for the stated period.\n\nThis action does not itself authorize any Treasury Withdrawal. Future Treasury Withdrawal actions must still be assessed individually against the Constitution and must not exceed the applicable Net Change Limit.",
    "precedentDiscussion": "N/A",
    "counterargumentDiscussion": "N/A",
    "conclusion": "Tingvard finds the “Net Change Limit: Cardano Treasury — Epochs 613–713” Info Action constitutional.\n\nThe action uses the correct governance mechanism for agreeing a Net Change Limit, identifies the amount and period, explains how the limit is calculated, and preserves DRep discretion over individual Treasury Withdrawals.\n\nTingvard therefore judges this governance action constitutional.",
    "internalVote": {
      "constitutional": 3,
      "unconstitutional": 0,
      "abstain": 0,
      "didNotVote": 2,
      "againstVote": 0
    },
    "references": [
      {
        "@type": "RelevantArticles",
        "label": "Cardano Blockchain Ecosystem Constitution",
        "uri": "ipfs://bafkreieyuknozbtewyurfqoagvplvykadn6a4u6wglupavdz46bbsnnl6e"
      }
    ]
  },
  "authors": [
    {
      "name": "Tingvard",
      "imageUrl": "ipfs://QmPkHXdK6GLtDNyyKFBWRwARFEy9TPFcbpDganixmRXwWJ"
    }
  ]
}