> For the complete documentation index, see [llms.txt](https://committees.docs.intersectmbo.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://committees.docs.intersectmbo.org/intersect-steering-committee/committee-meeting-notes/2026-meeting-notes/june-29-2026.md). # June 29 2026 ## Attendees: | Name | Attendance | Role | Voting Seat (Y/N) | | ---------------------------------------------------- | ---------- | ----------------------------- | ----------------- | | [Simo Simovic](mailto:simo.simovic@intersectmbo.org) | Yes | Secretary | N | | Jack Briggs | Yes | Executive Director | Y | | James Meidinger | Yes | Community Member Seat | Y | | Thiago Nunes | Yes | Community Member Seat | Y | | Kristijan Kowalsky | Yes | Community Member Seat | Y | | Jose Miguel de Gamboa | Yes | Community Member Seat | Y | | Sebastian Pabon | Yes | OSC Chair | Y | | Samuel Leathers | Yes | Product Chair | Y | | Martin Musagara | Yes | MCC Chair | Y | | Megan Hess | Yes | CBC Chair | Y | | Kevin Hammond | Yes | TSC Chair | Y | | Laura Mattiucci | Yes | GMC Chair | Y | | Nicolas Cerny | No | CCC Chair | Y | | Lorenzo Bruno | Yes | Head of Product & Membership | Y | | Larisa Mcfarlane | Yes | Head of Ecosystem & Community | Y | | Nick Cook | No | Head of Operations (Interim) | N | | Bosko Majdanac | Yes | Secretary of TSC | N | | Abhik Nag | Yes | Secretary of MCC | N | | Lloyd Duhon | Yes | Secretary of Budget Committee | N | | Terence McCutcheon | Yes | Secretary of OSC | N | | Lara Bonasorte | Yes | Secretary of GMC | N | | Thomas Lindseth | Yes | Secretary of CCC | N | ### Additional Attendees: Adam Rusch - Member of the Board Gerard Moroney - Member of the Board Kavinda Kariyapperuma - Member of the Board Mercy Fordwoo - Member of the Board Rand McHenry - Member of the Board Christian Taylor - Vice Chair of TSC Ken-Erik Ølmheim - Vice Chair of Civics Ian Hartwell - Observer Marco Moshi - Vice Chair of GMC Matt Davis - Head of Cardano Tech Rosie Graham - Head of People & Org Dynamics Thyme Studio - Vice Chair of CPC ## Agenda: * ED & Board opening * Committees quarterly update * Intersect sector leads quarterly update * Questions and discussion about Q2 delivery and Q3 plans ## Discussion/Actions ### 1. ED & Board Opening #### Q2 Highlights ED reflected on several major accomplishments: * 2026 Intersect budget proposal submitted. * Administration fee separated into an independent 3% operational fee. * Record participation in the budget process: * \~5 billion ADA voting * significantly higher than 2025. * Successful deployment of the new Treasury smart contract. * 2026 Treasury Withdrawal contracts now managed through the new infrastructure. * Independent audit commissioned for Treasury administration. * Work underway on: * Constitutional Amendment Process (CAP) * Code of Conduct Review Body * Pentad governance restructuring. #### Challenges The largest challenge is the significant ADA price decline. ED explained this affects: * Intersect operations * vendor contracts * Treasury-funded projects * staffing levels Intersect has already begun internal restructuring to adapt. *** ## 2. SecondFi Security Incident A substantial portion of the discussion focused on the recent SecondFi exploit. Key messages: * Intersect was not involved in the exploit. * The Security Council has been working throughout the week documenting events. * Intersect is coordinating closely with EMURGO. * The priority is: * transparency * documentation * supporting investigations * helping the community understand the situation. Board members stressed: * avoid speculation * follow official guidance * hardware wallets remain the safest storage option * users should carefully evaluate migration decisions until redemption details are confirmed. The Board also expressed its intention for Intersect to play an oversight and transparency role during any redemption process. *** ## 3. Q3 Strategic Priorities EDoutlined major priorities for the coming quarter. #### Technical * Van Rossum Hard Fork * Dijkstra planning * Laos Testnet support * Governance support for the next ledger era #### Governance * Board Elections * Constitutional Committee Elections * Constitutional Amendment Process launch * Committee remit review #### Organizational * Funding sustainability * Membership model review * Organizational restructuring * Long-term Intersect operating model *** ## 4. Committee Updates ### ISC Quarterly Update #### Q2 Achievements The ISC reported: * Successfully supported committee participation in the Budget Process. * Approved the new Committee Dismissal & Replacement Policy. * Extended the Committee Reward Policy while a broader review is undertaken. * Completed committee elections. * Facilitated Chair and Vice Chair elections. * Updated ISC voting structure. * Began designing a dedicated Code of Conduct process. * Continued coordination across committees and secretaries. #### Q3 Priorities The ISC will focus on: * Supporting the Bylaw Member Vote. * Preparing the September Board Elections. * Completing the Committee Reward Policy review. * Finalizing the Code of Conduct process. * Beginning structured committee remit reviews to ensure alignment with Cardano's evolving needs.
### Product Committee Achievements * Awarded seven Product Research grants. * Returned unused funds to Treasury. * Continued work on Product KPIs. * Supported ecosystem coordination around adoption. Plans * Begin funded research. * Publish all research publicly. * Continue KPI development. * Work with other committees on measurable outcomes. ### Budget Committee Achievements * Successfully delivered the 2026 Budget Process. * Updated Ekklesia. * Began collecting retrospective feedback. Discussion Several members raised concerns regarding the current Net Change Limit (NCL). Consensus: * community discussion is required * any increase must remain strategic * Treasury sustainability remains important. ### Open Source Committee Achievements * Expanded developer onboarding. * Strengthened Paid Open Source Program. * Increased collaboration with ecosystem organizations. * Presented Cardano open-source initiatives at major conferences. Plans * Improve onboarding pathways. * Measure developer program effectiveness. * Expand documentation and best practices. ### Technical Steering Committee Achievements * Continued Van Rossum preparation. * Extensive security work. * Parameter updates. * SPO outreach. * DRep engagement. Plans * Deliver Van Rossum. * Begin Dijkstra planning. * Continue post-quantum research. * Improve security processes. * Progress Treasury-funded technical work. ### Growth & Marketing Committee Achievements * Reviewed marketing-related budget proposals. * Began enterprise adoption framework. * Continued event coordination. Plans * Develop industry vertical strategies. * Benchmark other Layer 1 ecosystems. * Begin planning 2027 event participation. ### Membership & Community Committee Achievements * Improved internal operations. * Expanded community engagement. * Created onboarding documentation. * Introduced member benefits. * Submitted budget proposal. Plans * Execute workstreams. * Launch member reactivation campaign. * Increase enterprise member visibility. * Track KPIs. ### Civics Committee Achievements * Constitutional Committee elections launched. * CAP tool testing. * Governance Incentives Working Group established. * Continued governance education. Plans * Roll out Constitutional Amendment Process. * Continue governance incentives work. * Support Constitutional Committee elections. * Increase SPO and DRep participation. *** ## 6. Sector Updates ### People & Organisation Key themes: * organizational restructuring * workforce optimisation * contractor transitions * improving operational effectiveness * supporting staff through ongoing change *** ### Product & Membership Highlights: * Committee elections completed. * New onboarding process implemented. * Bylaw vote preparation. * September Board Election preparation. * New membership partnerships under development. *** ### Cardano Technical Sector Highlights: * Supported governance actions. * Van Rossum coordination. * Security capability improvements. * Migration toward improved analytics. * Early Dijkstra planning. *** ### Ecosystem & Community Highlights: * Significant increase in coordinated communications. * Strong support for: * Budget Process * Van Rossum * Constitutional Committee Elections * Launched regular DRep Community Calls. * Preparing communications for Constitutional Amendment Process. * Internal communication processes becoming more streamlined. *** ### Delivery Assurance / Procurement Major work included: * Improved Treasury contract templates. * Expanded audit processes. * Introduced AI-assisted contract reviews. * Continued transparency improvements. * Preparing public financial reporting through Cardano Foundation infrastructure. *** ## Key Discussion Points #### Funding * ADA price decline is creating pressure across funded projects. * Intersect is adapting operations accordingly. #### Governance * Board Elections become a major focus in Q3. * Constitutional Amendment Process expected to launch soon. * Committee remit reviews will begin. #### Treasury * Growing discussion around revisiting the Net Change Limit. * Need to balance ecosystem growth with Treasury sustainability. #### Security * SecondFi remains an active ecosystem incident. * Intersect's role is oversight, coordination, documentation, and transparent communication—not incident ownership. --- # Agent Instructions This documentation is published with GitBook. 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