Governance

Anchor document

https://most-brass-sun.quicknode-ipfs.com/ipfs/QmY4ddjt7ccukb896NiafhidvwAF6sX3txW4HZuWdrCyg7
Hash matches the chain Open original

This document doesn't follow CIP-108 or CIP-119, so there is nothing to lay out. The raw JSON is below.

Document

Hash (BLAKE2b-256)
f64f03c5cad027a57d2fcff43039098d99a6bfa02cc4fa1fd0b2d063a3913dc8
Hash on chain
f64f03c5cad027a57d2fcff43039098d99a6bfa02cc4fa1fd0b2d063a3913dc8
Raw JSON-LD
{
  "@context": {
    "CIP100": "https://github.com/cardano-foundation/CIPs/blob/master/CIP-0100/README.md#",
    "authors": {
      "@container": "@set",
      "@context": {
        "name": "http://xmlns.com/foaf/0.1/name",
        "witness": {
          "@context": {
            "publicKey": "CIP100:publicKey",
            "signature": "CIP100:signature",
            "witnessAlgorithm": "CIP100:witnessAlgorithm"
          },
          "@id": "CIP100:witness"
        }
      },
      "@id": "CIP100:authors"
    },
    "body": {
      "@context": {
        "comment": "CIP100:comment",
        "externalUpdates": {
          "@context": {
            "title": "CIP100:update-title",
            "uri": "CIP100:uri"
          },
          "@id": "CIP100:externalUpdates"
        },
        "references": {
          "@container": "@set",
          "@context": {
            "GovernanceMetadata": "CIP100:GovernanceMetadataReference",
            "Other": "CIP100:OtherReference",
            "label": "CIP100:reference-label",
            "referenceHash": {
              "@context": {
                "hashAlgorithm": "CIP100:hashAlgorithm",
                "hashDigest": "CIP100:hashDigest"
              },
              "@id": "CIP100:referenceHash"
            },
            "uri": "CIP100:reference-uri"
          },
          "@id": "CIP100:references"
        }
      },
      "@id": "CIP100:body"
    },
    "hashAlgorithm": "CIP100:hashAlgorithm"
  },
  "hashAlgorithm": "blake2b-256",
  "body": {
    "comment": "RCADA recognises the strategic value of a flagship Cardano Summit and agrees that Singapore, particularly in proximity to TOKEN2049, presents a strong opportunity for institutional visibility, ecosystem growth, and builder engagement. We also acknowledge the inclusion of smart-contract administration, milestone-based disbursement, audit provisions, and public reporting mechanisms within this proposal.\n\nHowever, at the time of voting, a revised and decoupled proposal submitted by the Cardano Foundation has been introduced. This updated proposal separates the Cardano Summit from the TOKEN2049 sponsorship and significantly reduces the overall budget following community feedback.\n\nGiven this development, RCADA does not consider the current combined proposal—requesting 14,076,539 ada for both the Summit and TOKEN2049 sponsorship—to remain an appropriate or necessary vehicle for Treasury funding.\n\nThe original proposal bundles two distinct activities into a single governance action, limiting DReps’ ability to assess each component independently. It also represents a materially higher treasury outlay, includes large upfront disbursements, and is submitted outside the standard budget process.\n\nThe existence of a revised, more focused, and lower-cost alternative demonstrates that a better-structured approach is both possible and already underway. For these reasons, RCADA chooses not to support this earlier combined proposal.\n\nThis vote should not be interpreted as opposition to the Cardano Summit or broader ecosystem marketing efforts. RCADA remains open to assessing the revised standalone Summit proposal on its own merits.\n\nRCADA's full vote assessment can be found here: \"https://brolloks.github.io/rcada-drep-votes/"
  }
}