{
  "@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": {
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          "@id": "CIP100:references",
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          "@context": {
            "GovernanceMetadata": "CIP100:GovernanceMetadataReference",
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            "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",
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          "@id": "CIP100:witness",
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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 ₳9,000,000 from the Cardano Treasury for Strike Finance's \"Strike Finance Liquidity Deployment.\" 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, and provides sufficient rationale, including a title, abstract, justification, and relevant supporting materials. Regarding Article 2, Section 7, Paragraph 1, this proposal aims to deploy funds to the Strike Finance V2 liquidity infrastructure for a period of 12 months. It details the requested amount, the implementation period, the method for converting ADA to USDM and deploying it as liquidity, the modeled yield, the return of the realized yield at the 6-month mark, the return of the remaining principal and realized yield at the 12-month mark, and the repayment terms in the event of early termination. Regarding Article 2, Section 7, Paragraph 2, it is disclosed that Strike Finance has not received funding from the Cardano Treasury or any related ecosystem treasury programs, including within the past 24 months. Regarding Article 2, Section 7, Paragraph 3, it is confirmed that the requested amount of ₳9,000,000 falls within the ₳350,000,000 Net Change Limit covering Epoch 613 through Epoch 713. Regarding Article 2, Section 7, Paragraph 4, in addition to conducting an official audit of Strike V2, the proposal stipulates the provision of independent third-party assurance reports at the time of deployment confirmation, the sixth-month yield distribution, and the twelfth-month fund repayment. Furthermore, a framework is outlined to continuously monitor deployment status, profit and loss, yields, drawdowns, and other metrics through monthly public transparency reports. Regarding Article 2, Section 7, Paragraph 5, it is stated that an independent council consisting of Rami from Snek, Phil from Surf, and James from Monetra is designated as the administrator, responsible for overseeing the receipt of funds, their holding prior to deployment, and expenditures in accordance with this proposal. Regarding Article 2, Section 7, Paragraph 6, it is stated that the ADA held by the administrator prior to additional expenditures shall be held in one or more segregated accounts auditable by the Cardano Community, shall not be delegated to an SPO, and shall be delegated to the prescribed abstention voting option. Therefore, as no clear conflict with the Cardano Constitution has been identified, this proposal is deemed constitutional.",
    "precedentDiscussion": "None",
    "counterargumentDiscussion": "None",
    "conclusion": "For the reasons stated above, we determine that it is constitutional.",
    "internalVote": {
      "constitutional": 3,
      "unconstitutional": 0,
      "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": "05d6b1670c979adced997602d8fe7a259f17f4cc0cf0dec4eea35093a60bc549fde10da7363cb53767ea18fb7e512569b6d0810d2837ab2b0885266c4bf33d0a"
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}