{
  "@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"
          }
        }
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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"
          }
        }
      }
    }
  },
  "hashAlgorithm": "blake2b-256",
  "body": {
    "govActionId": "gov_action1fah9m7dxu99af8jqdc4mkrgs3va790nyh9tfhycq2wsvrm47p4rsqtcm6ry",
    "summary": "Tingvard judges the “IO: Hydra” Treasury Withdrawal governance action constitutional.",
    "rationaleStatement": "This governance action requests ₳5,100,781 from the Cardano Treasury to fund Hydra development, performance optimization, operational excellence, ecosystem support, maintenance, and developer experience work.\n\nThe proposal identifies the purpose of the withdrawal, the delivery scope, the requested amount, and the budget categories. It describes four main workstreams: performance optimization, operational excellence, ecosystem support, and maintenance and developer experience.\n\nThe proposal also provides a delivery and administration structure. A written off-chain legal contract will be created between Input Output and Cardano Development Holdings and administered by Intersect. The proposal states that milestones, acceptance criteria, payment amounts, and expected delivery dates will be agreed in the legal contract and made public through the budget management platform.\n\nThe proposal includes milestone-based delivery, third-party assurance, Intersect delivery assurance, and administrative treasury governance through Intersect. It also states that work acceptance will be supported by a third-party assurer responsible for reviewing and signing off completed work against the milestone deliverables.\n\nThe proposal addresses treasury fund custody and delegation. Funds will be administered through Intersect’s treasury management smart contract framework, using a Treasury Reserve Smart Contract and Project-Specific Smart Contracts. The proposal states that these contracts cannot be staked with an SPO and will be delegated to the auto-abstain predefined DRep.\n\nThe proposal identifies an oversight structure. Intersect will manage the treasury contracts, while an Oversight Committee consisting of five external independent third-party entities will provide checks and balances on certain administrative actions. The proposal describes permission structures for funding, modifying, dispersing, pausing, resuming, sweeping, and reorganizing treasury funds.\n\nThe proposal also provides refund conditions. Funds not disbursed by the end of the delivery period will be returned to the Cardano Treasury, and in the event of partial delivery or scope reduction, unspent funds associated with cancelled or reduced deliverables will be returned proportionally.\n\nThe proposal discloses prior treasury funding received by IO and affiliated entities, including total allocated funds and amounts withdrawn to date. It also states that the requested amount does not breach the applicable 350M Net Change Limit.\n\nTingvard therefore finds that the proposal satisfies the relevant requirements for a Treasury Withdrawal governance action.",
    "precedentDiscussion": "N/A",
    "counterargumentDiscussion": "N/A",
    "conclusion": "Tingvard finds the “IO: Hydra” Treasury Withdrawal governance action constitutional.\n\nThe proposal provides a clear purpose, budget, delivery structure, administrator, oversight model, milestone-based assurance, prior funding disclosure, NCL compliance, and refund conditions.\n\nTingvard therefore judges this governance action constitutional.",
    "internalVote": {
      "constitutional": 3,
      "unconstitutional": 0,
      "abstain": 1,
      "didNotVote": 1,
      "againstVote": 0
    },
    "references": [
      {
        "@type": "RelevantArticles",
        "label": "Cardano Blockchain Ecosystem Constitution",
        "uri": "ipfs://bafkreieyuknozbtewyurfqoagvplvykadn6a4u6wglupavdz46bbsnnl6e"
      }
    ]
  },
  "authors": [
    {
      "name": "Tingvard",
      "imageUrl": "ipfs://QmPkHXdK6GLtDNyyKFBWRwARFEy9TPFcbpDganixmRXwWJ"
    }
  ]
}