{ "@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" } } } }, "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": { "summary": "We consider this governance action to be constitutional.", "rationaleStatement": "This proposal is a Treasury Withdrawal Governance Action to withdraw ₳540,750 from the Cardano Treasury in connection with \"Oura by TxPipe: Maintaining Cardano's Event Pipeline,\" proposed by TxPipe. This proposal met the 67% support threshold required during the Hydra voting phase of the 2026 Intersect budget process and has proceeded to the submission of an on-chain Treasury Withdrawal Governance Action in accordance with the approved budget process framework. This proposal refers to the proposal document on IPFS and presents the proposal's title, summary, rationale, justification, and relevant supporting materials. These correspond to the requirements of Article 2, Section 6, Paragraphs 1 and 2 of the Cardano Constitution. Regarding Article 2, Section 7, Paragraph 1, this proposal aims to maintain and enhance Oura, and the supporting materials specify an implementation period of 12 months. It also provides a breakdown of costs: ₳420,000 for blockchain developer fees, ₳105,000 for contingencies, and ₳15,750 for Intersect's budget management fees. Furthermore, the supplementary materials state that upon project completion, any ADA exceeding the amount necessary to cover the $105,000 project budget will be returned to the Cardano Treasury. Regarding Article 2, Section 7, Paragraph 2, the proposal discloses that TxPipe received funding through 30 Project Catalyst proposals from Fund 9 to Fund 14, and that it received open-source maintenance funding for Pallas, Dolos, and UTxO RPC through Intersect's 2025 budget cycle. Regarding Article 2, Section 7, Paragraph 3, the proposal confirms that the requested amount of ₳540,750 falls within the ₳350,000,000 Net Change Limit covering Epochs 613 through 713. Regarding Article 2, Section 7, Paragraph 4, this proposal includes audit and oversight costs as indirect expenses, and the Intersect budget management fee covers administrative oversight. Additionally, the supplementary materials state that, in addition to milestone-based disbursements and Delivery Assurance oversight, Blink Labs will serve as an independent reviewer to verify milestone completion and deliverable quality. Furthermore, it states that metrics related to ADA withdrawn via the dashboard can be tracked. Regarding Article 2, Section 7, Paragraph 5, the proposal designates Intersect as the administrator and outlines a framework for milestone-based disbursements and Delivery Assurance oversight. Regarding Article 2, Section 7, Paragraph 6, the proposal outlines a mechanism whereby, upon enactment of this governance action, funds are directed to the Treasury Reserve Smart Contract (TRSC) stake address, withdrawn from there to a UTxO remaining at the TRSC payment address, and then transferred to the Project-Specific Smart Contract (PSSC) using a Fund action once the legal contract is prepared and the vendor is ready. Furthermore, it states that the community can audit both smart contracts via a dashboard, and that this audit is immutably verifiable on-chain. Additionally, it is stated that these smart contracts will not be delegated to an SPO but will be delegated to a predefined, automatically abstaining DRep. Therefore, as no clear conflict with the Cardano Constitution has been identified, this proposal is deemed 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 of our 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": 2, "unconstitutional": 1, "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": "fee1ac4d386187f18a6563e471c128d60e9ab561a50280fa3b6d48c6855baad69a3e657ab2981355e84ca145699b3a549c8ceddbda5d86cfcc4773de13a77400" } } ] }