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The Cardano Foundation has voted YES on a new Treasury Withdrawal proposal, endorsing an experimental funding model designed to support a scaling commercial entity within the Cardano ecosystem.&nbsp;
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 We have voted YES on the treasury withdrawal proposal: Loan ₳5,000,000 to Expand Cardano’s Global Listings, proposed by <a href="https://twitter.com/snek?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Snek</a>. <img src="https://s.w.org/images/core/emoji/16.0.1/72x72/2705.png" alt="✅"> Here's our full voting rationale: <a href="https://t.co/86XDcsjXf1" rel="noopener noreferrer nofollow">https://t.co/86XDcsjXf1</a> <a href="https://t.co/xSAbuIfGtF" rel="noopener noreferrer nofollow">pic.twitter.com/xSAbuIfGtF</a>— Cardano Foundation (@Cardano_CF) <a href="https://twitter.com/Cardano_CF/status/1992948399574814784?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 24, 2025</a>
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The decision, recorded in an automatically generated Vote Rationale under CIP-0136 standards, signals the Foundation’s confidence in the revised structure and oversight mechanisms surrounding the initiative.
According to the rationale, earlier concerns tied to the related Budget Info Action have now been “substantially resolved,” with the Foundation noting that both the Snek team and Intersect, a Cardano governance body, are expected to settle remaining issues once the final loan agreement is completed.
The proposal introduces a treasury-backed repayable <a href="https://hash.media/hashdesk/jpmorgan-to-let-clients-use-bitcoin-ether-as-loan-collateral/" rel="noopener noreferrer nofollow">loan</a>, marking a departure from traditional grant-based funding approaches within Cardano.&nbsp;
The Foundation said the model fills a critical gap for mature projects seeking growth capital while preserving decentralized principles through enhanced accountability. It highlighted the involvement of Intersect as administrator and the establishment of a professional advisory board as key strengths, though it emphasized that the board’s final oversight scope is still being defined.
The Foundation also commended Snek for publishing the draft loan agreement, committing to regular progress reporting, and clarifying the loan’s purpose.&nbsp;
Officials said any inconsistencies between the budget action and the loan withdrawal would likely be addressed during finalization or resolved directly in the completed agreement between Snek and Intersect/CDH.
Internally, the governance team reported four constitutional votes, zero unconstitutional votes, no abstentions, and one member who did not vote. The Foundation described this alignment as supportive of the loan’s direction and its potential to model a sustainable, accountable approach to Treasury-funded initiatives.
Referencing related actions, including the Loan A₳5,000,000 to Expand Cardano’s Global Listings and the Cardano Global Listing Expansion, Powered by Snek, the Cardano Foundation said the broader initiative aims to strengthen the ecosystem’s global reach.
The organization concluded that a YES vote is appropriate to advance this experimental structure, while committing to continued transparency in its delegation assessment process.
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Cardano votes Yes on Treasury loan model for ecosystem growth

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