{ "@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_action18a9sytyez02jl8ee4ryz5xu7heg587m5tu6nr7fkd3ex30umnnjqq27e7ey", "summary": "Tingvard judges the “Rare Evo and Dev Gov Day 2026: Cardano Title Sponsorship” governance action constitutional.", "rationaleStatement": "This governance action is properly framed as a Treasury Withdrawals action and must therefore be assessed under Article II, Section 6 and Article II, Section 7 of the Constitution, together with the applicable treasury guardrails in Appendix I.\n\nThe proposal satisfies Article II, Section 6, §1 by presenting the governance action in a standardized and legible format with supporting references, including the proposal PDF and related event materials. The proposal also satisfies Article II, Section 6, §2 by including a title, abstract, motivation, rationale, budget breakdown, work package, milestones, acceptance criteria, administration model, audit and oversight statement, refund conditions, and supporting references.\n\nThe action satisfies Article II, Section 7, §1 by specifying the terms of the withdrawal. The proposal identifies the purpose as funding Cardano title sponsorship of Rare Evo 2026 and Cardano Dev Gov Day 2026. It specifies the requested amount as 2,750,000 ada, provides a budget basis using a 0.24 USD per ada valuation, and divides the budget across Dev Gov Day sponsorship, Rare Evo title sponsorship, livestream and media sponsorship, legal, audit, taxes, fees, and a Dev Gov Day 2027 venue deposit.\n\nThe proposal provides deliverables and acceptance criteria through two milestones. The first milestone covers execution of Rare Dev Gov Day and Rare Evo 2026 sponsorship activations, including branding, programming, workshops, livestream integration, community access, travel support, booths, and media coordination. The second milestone covers post-event reporting and preliminary planning for Dev Gov Day 2027.\n\nThe action satisfies Article II, Section 7, §2 by disclosing the relevant proposer and administrator structure. The submitted metadata does not indicate prior treasury receipts by Rare Network within the relevant disclosure section.\n\nThe action satisfies Article II, Section 7, §3 and TREASURY-02a by stating that the requested amount does not, at the time of submission, on its own or in aggregate, breach the applicable 350M Net Change Limit covering Epoch 613 to Epoch 713. It also satisfies TREASURY-03a because the withdrawal is denominated in ada.\n\nThe action satisfies Article II, Section 7, §4 by including audit and oversight costs within the proposal and by describing oversight through Intersect, reporting obligations, milestone-based disbursement controls, and final reconciliation. The proposal also includes post-event reporting covering participation data, ecosystem engagement metrics, media reach, livestream analytics, and overall ecosystem impact.\n\nThe action satisfies Article II, Section 7, §5 by designating Intersect as administrator through the Treasury Reserve Smart Contract and Project-Specific Smart Contract framework. The proposal states that a legal contract will be created between Rare Network and Cardano Development Holdings, administered by Intersect, and that project delivery will be monitored through Intersect’s delivery assurance function with expected support from a third-party assurer.\n\nThe action satisfies Article II, Section 7, §6 by stating that Intersect will use the Treasury Reserve Smart Contract framework and the confirmed treasury reserve contract address. The described framework provides auditable treasury management and oversight through Intersect and the external Oversight Committee.\n\nTingvard therefore finds that the proposal satisfies the applicable constitutional requirements for a Treasury Withdrawals action.", "precedentDiscussion": "This decision is consistent with prior Tingvard assessments of treasury withdrawals where the constitutional review focuses on whether the proposal provides clear withdrawal terms, a delivery period, cost basis, prior funding disclosure where applicable, audit and oversight structure, administrator designation, custody protections, refund conditions, and Net Change Limit compliance.\n\nThis proposal is an ecosystem event and sponsorship proposal rather than a technical infrastructure proposal. That distinction does not make it unconstitutional. The Constitution does not restrict treasury withdrawals to protocol development, engineering work, or open-source software. The constitutional question is whether the proposal specifies the purpose, terms, administration, oversight, audit allocation, and refund conditions required under Article II, Section 7.\n\nThis decision also preserves the distinction between constitutional review and policy review. Whether Cardano should fund title sponsorships, whether Rare Evo provides sufficient ecosystem value, whether travel support and VIP ticket arrangements are good use of treasury funds, or whether the 2027 deposit is strategically sensible are questions for DReps and ada owners. The CC assessment is limited to whether the action conflicts with the Constitution.", "counterargumentDiscussion": "NA", "conclusion": "Tingvard finds this governance action constitutional.\n\nThe proposal satisfies Article II, Section 6 and Article II, Section 7 by providing a clear withdrawal purpose, stated amount, budget breakdown, milestone structure, acceptance criteria, administrator designation, audit and oversight commitments, refund conditions, and Net Change Limit alignment.", "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" } ] }