Governance

Anchor document

https://raw.githubusercontent.com/EMGDRep/rationale/refs/heads/main/Vote_Context.jsonld
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)
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Hash on chain
f99ce55f0f98cd6265065d0f847d05dfc5faf2a8598cb5c939fd4e9be5942291
Raw JSON-LD
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  "@context": {
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  "authors": [],
  "body": {
    "comment": "Summary\n\nEMURGO, as a DRep, votes No on this Info Action regarding the 2025 Cardano NCL (7d9fc9fe4cee64fb34e57783378ac869a85c78d6fbcd4078ed131ab6fa3c7db600).\n\nRationale\n\nEMURGO maintains its voting stance on the 2025 Net Change Limit (9b62b3c632f329016a968ac25211825bb4f84b12461121c7da3aa11df92370f900).\n\nRepeated attempts to redefine the cap may lead to delays in governance processes, which in turn pose a risk that critical funding will not reach the projects that need it. This could ultimately slow down the development of the Cardano ecosystem.\nIn conclusion, the 350M ADA proposed under the 2025 Net Change Limit, and approved by a majority of DReps, represents the maximum amount that can be withdrawn from the Cardano Treasury, but not a fixed amount that must be fully utilized. Therefore, we believe it is sufficient as an initial annual cap.\n"
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