In a rather audacious response to the clamor for representation—because who doesn’t love a good underdog story?—the Foundation has decided to delegate a staggering 20 million ADA each to seven Delegated Representatives (DReps). Yes, that’s a total of 140 million ADA, which, if nothing else, is a number that sounds impressive at dinner parties.
“One of the Foundation’s goals is to promote diverse engagement across stakeholders,” the announcement proclaimed, as if it were the latest trend in haute governance. “We identified a lack of builder representation as a critical gap.” Well, isn’t that just the cherry on top of the governance cake? 🍰
This grand gesture comes amidst a flurry of scrutiny over Intersect’s budget process—because nothing says “trust us” like a budget that raises eyebrows—and the burgeoning influence of governance decisions across the Cardano ecosystem. By empowering these DReps with significant voting weight, the Foundation hopes to strengthen on-chain decision-making through voices that are, dare we say, both technically grounded and community-aligned. Or at least that’s the plan. 🤔
Selected DReps Include
- Tempo.vote – The avant-garde of governance tooling, because why not?
- Sidan Lab – Creators of dev kits like Whisky and Vodka, clearly prioritizing the essentials.
- Socious – Driving social impact via quadratic funding, because math is sexy.
- Cerkoryn – The analyst behind ChangWatch governance dashboard, keeping an eye on the chaos.
- Kyle Solomon – CEO of DripDropz, known for Cardano rewards infrastructure, because who doesn’t love a good reward?
- Chris Gianelloni – Co-founder of Blink Labs, building Go-based node clients, because C++ was just too mainstream.
- Mesh – The team behind the widely-used Cardano TypeScript SDK, making developers’ lives just a tad easier.
Each DRep was chosen based on criteria including technical output, governance participation, and a commendable lack of excessive existing voting power. Importantly, the Foundation does not mandate how DReps vote, instead emphasizing independence and ethical conduct—because who needs a little guidance in a world full of chaos?
This initiative is set to run through the end of 2025, aligning with the current Net Change Limit (NCL) period. The Foundation plans to evaluate its impact and potentially extend the strategy, aiming to build a more inclusive, decentralized governance structure for Cardano. Or at least that’s the hope. Fingers crossed! 🤞
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2025-05-22 18:16