Hello, my readers and everyone interested in Cardano and blockchain governance.
Date: 2 August 2025
Voting Power: ₳ 212 157
Today I voted on 2 governance decisions.
1 . Replace Interim Constitutional Committee
The abstract:
This governance action proposes to replace the current Interim Constitutional Committee with the new committee selected by participating DReps during the Intersect-hosted election process from May 5th to July 6th, 2025
My thoughts:
I dislike Intersect, I consider it a parasite organization that spoils governance and enriches itself. Even to participate in Intersect past events you had to pay. I don't know why I had to pay, as I already paid kind of a deposit to become DRep and I'm paying transaction fees for voting. Intersect excluded from this election process. I hope interscet will vanish some day or will improve.
For this replacement decision 21.42% (which ₳ 1.14B worth of ADA) voted Yes and 3.27% ( ₳ 174.06M) voted no. Probably this will be approved. I decided to vote Yes and I hope that the new committee won't be as bad as the previous leadership.
2 . Withdraw ₳130,903 for Lucid Evolution Maintenance administered by Intersect
Voted No. But most probably this will pass as 61.68% of DReps voted Yes.
Best regards,
Cardano DRep Cryptotexty
GovTools page: https://gov.tools/connected/drep_directory/drep1yqmr09530yuehxdz2wca5setx03ps5tnxxrvzlgwmk3wswugxwh
ADA adress: addr1q8ltprg2dpuftk3xa773c4eqz62d63syevwqmeeqk75h0swy974pwpegzh7kay6pdypdedrfrunyge4fam22062a4ghq3v8jqe
