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Dear Cardano Community,
We are excited to share the timeline for the upcoming Cardano budget process. This process is crucial for shaping the future of our ecosystem, and we encourage your active participation. Below, you'll find key dates and information to keep in mind.
Initial Proposals Submission: August 1 - October 21, 2024
Submit your project proposals during this period.
Evaluate/Modify Proposal Window: September 15 - December 15, 2024
Project leaders and committees can review and revise proposals.
Note: This overlaps with the submission period to allow for improvements.
Cardano Summit Presentation: October 23, 2024
The proposed budget will be presented at the Cardano Summit.
dRep and CC Socialization: October 26 - December 30, 2024
Delegated Representatives (dReps) will review and suggest changes to proposals
dRep Process (Net Change Limit): December 5 - December 20, 2024
dReps will define the "net change limit" for the Cardano Treasury.
- All proposals must adhere to the guardrails set in the interim constitution.
- The budget will be denominated in ADA.
- Treasury withdrawals require a community-approved budget with >50% of active voting stake agreement.
We want to emphasize that this budget process is new and evolving. As we embark on this journey together, please keep the following in mind:
Flexibility: The process may require adjustments as we learn and improve. We appreciate your understanding and adaptability.
Learning Curve: For many, this will be a new experience. We're all learning together, and your patience is valued.
Iterative Improvements: We'll be gathering feedback throughout the process to refine and enhance it for future cycles.
Collaborative Spirit: Your input and participation are crucial. This is a community-driven process, and every voice matters.
Potential Challenges: As with any new system, we may encounter unexpected hurdles. We're committed to addressing these transparently and efficiently.
Remember, your active involvement and feedback will help shape not just this budget cycle, but the future of Cardano's governance.
If you have a question regarding this process please contact the budget committee via email at budget-committee@intersectmbo.org.
Submit your proposals early to allow time for review and improvements.
Stay informed about the net change limit discussions in December.
For more detailed information, including a glossary of terms and FAQs, please visit the Cardano Budget Process on the Budget Committee page.
Together, we're building the future of Cardano. Your participation is vital to this process.
Best regards,
Budget Committee
Intersect
P.S. Mark your calendars for the Cardano Summit on October 23, 2024, where the proposed budget will be presented!
