Intersect Update: Special Edition

Welcome to an Intersect weekly update special.
Dedicated to the Intersect budget proposal currently on-chain for DRep voting. This retrospective aims to highlight the seen and the unseen work that Intersect does. A “Why Intersect?”, you could say. What it has done, what it is doing, and what lies ahead for the Cardano ecosystem and where Intersect fits within that future.

Technical Stewardship, Incident Response & Coordination (including core Cardano repos)
The largest part of the Intersect core budget proposal covers work package 2, that shares the title above. Accounting for 18.8M/25.4M ada and almost 75% of the total ask, it is understandably the largest section in this update. The technical work is largely unseen but critical work. Stewardship of the core Cardano code, coordinating hard fork events and incident responses might not be headline grabbing work but it is also work that prevents headlines - of the negative variety.
Technical stewardship of core Cardano repos
Many of the core Cardano repositories are currently hosted on the IntersectMBO GitHub. Input Output began migrating the first 25 core repositories in December 2023, viewing Intersect as the future stewards of Cardano’s ongoing open-source development, with the migration providing a new independent home for the core code base and enable Intersect to support those members who maintain the repositories. Since then Input Output has continued to migrate more of the core repositories to Intersects stewardship as well as forwarding most technical support enquiries to Intersect.
Examples of these core repositories include:
Cardano Node | Cardano CLI | DB Sync | Cardano API | Cardano Ledger | Ouroboros Consensus | Ouroboros Network
Hard fork coordination
Chang, Plomin, and now van Rossem
On July 13, 2026 at 21:45 UTC, Cardano DReps, SPOs and Constitutional Committee members voted to ratify the van Rossem hard fork initiation action. Enactment of the hard fork will now take place on July 18, 2026 at 21:45 UTC. This is the third hard fork that Intersect has coordinated, following the Chang and Plomin hard forks in 2024 and 2025.
The Hard Fork Working Group (HFWG) operating under the Intersect Technical Steering Committee (TSC) has been responsible for overseeing this coordination. For van Rossem, this has involved large-scale coordination with regular meetings involving members from Input Output, Cardano Foundation, Midnight Foundation, Shielded, Ensurable Systems, and many more. This group has been responsible for outreach and coordination of SPOs, DApps, developers and exchanges to ensure a safe and timely execution of the hard fork. Communication teams have also been involved to ensure that the wider ecosystem is kept informed ahead of key developments. Testing has progressed for many months across multiple networks including, SanchoNet, Preview, and Preprod, before finally reaching Cardano Mainnet.
During testing for the van Roseem hard fork, progress came to a temporary impasse regarding some tooling on the Preprod network. After numerous discussions the decision was taken for Intersect to fork key ecosystem tooling repositories for Ogmios and Kupo and to host hard fork compatible versions until the original code base could be updated. This is an example of some of the “unowned processes” that Intersect sometimes takes on. The original Ogmios code base has now been made hard fork compatible ahead of Mainnet enactment but without this interim measure, hard fork progress could have been delayed by a number of weeks.
Looking ahead to Dijkstra and Leios
While ensuring that there are response teams in place for the van Rossem hard fork enactment, the Hard Fork Working Group has already shifted its focus towards the next hard fork and the Dijkstra era that will ultimately bring Ouroboros Leios to Cardano Mainnet. Intersect professional staff, supported by expert member committees, are currently facilitating conversations around trade offs between ecosystem development teams, builders, users and ada holders, as to the desired technical scope of the Dijkstra hard fork. Ensuring community concerns are raised, captured, are fairly and consistently articulated in a timely manner, and that relevant information is sign-posted and made available for all stakeholders. With a focus on managing strategic risk, technical dependencies and trade-offs.
Unlike previous hard forks, this one will also require constitutional amendments to accommodate the scale and technical nature of the changes, including new block types and parameters. Discussions have already begun with representatives from Input Output meeting with Civics, Technical Steering and Parameter committees. This constitutional element adds to an already complex process that depends on the level of coordination experience that Intersect has developed across 3 hard forks to date.
The public Leios testnet, known as the Musashi Dojo, went live on June 23, 2026 and is welcoming participants.
Incident response
Chain-partition incident of November 2025
During the November 2025 chain partition incident Intersect coordinated with Input Output, Cardano Foundation, and wider ecosystem partners in response to the rapidly developing situation. Ensuring that SPOs received timely information regarding the cause and remediation steps, including which node versions had been impacted and which had not. Part of the response was also communications, specifically countering any false information circulating in wider crypto media. This included a “facts at a glance” blog post and an analysis and resolution strategy write up on the Intersect news pages. Immediately afterwards the Chain Partition Incident Analysis Working Group was formed, working under the Technical Steering Committee and reporting to the Security Council. Their work was recorded on a dedicated GitBook space and culminated in the publication of a Preliminary Fact Finding Report on January 22, 2026.
Security Council
Intersect operates a Security Council on behalf of the ecosystem. This council is a selected set of respected SMEs from across the ecosystem, and a small list of trusted insiders from founding entities who come together and work tirelessly to validate and mitigate threats against the Cardano blockchain. The Security Council has validated and triaged tens of valid in-bound bug bounties, and exceptions from engineering teams in 2026 alone. Ensuring each is responded to, that mitigations, fixes, and patches are adequate and implemented.
SecondFi incident support
The Security Council has provided a sounding board to the technical teams and leadership at Emurgo throughout the SecondFi issues. It has provided expert advice, feedback and recommendation to auditors, rapidly tested theories, and provided recommendations on remediation steps prior to public release to ensure validity and safety to the ecosystem at large. Additionally, it has also provided feedback and recommendations on instructions and communications for suitability and clarity.
Disaster recovery scenarios
In October 2025, Mike Hornan organized a handful of SPOs on SanchoNet in order to test out the 3 disaster recovery scenarios outlined in CIP-135. Subsequently a report for scenario 2 was written and published under the Security Council. It is largely unseen work like this that pushes Cardano testnets to their limit in order to better prepare our understanding of recovery processes should the worst ever reach Mainnet. It’s quiet, yet valuable work.

Intersect ecosystem coordination
The second largest part of the Intersect core budget proposal covers work package 1, “Intersect operations and ecosystem coordination”. Accounting for 6M/25.4M ada, almost 24% of the total ask. Intersect and its role in the ecosystem has continually evolved over its short existence and the Intersect today is not the Intersect of a year, or two years ago. Facilitating the coordination of governance actions, Constitutional Committee elections, budget processes and providing administration services. Often roles that barely existed a year ago.
Governance actions
To date, intersect has submitted a total of 78 governance actions on-chain, either on behalf of Intersect itself, the ecosystem, or in an assisting role for others. This accounts for 52% of all actions ever submitted on Cardano mainnet. Including;
- 4 Protocol Parameter Updates
- 2 Hard Fork Initiations (Chang was the last initiated by Genesis keys)
- 11 Info Actions
- 1 Update Constitution (v1)
- 58 Treasury Withdrawals
- 2 Update Committee
More than just a simple governance action
While we may only see a governance action on-chain, there are amounts of unseen work that goes on behind the scenes, including coordination and technical support. Coordination with third-parties when providing submission assistance, Intersect committee collaborations - for example, Civics and Technical Steering committees on the recent committeeMinSize update, metadata drafting, transaction building, signing, and submission. You can see all of the Intersect-submitted governance actions in this GitHub repository.
Treasury withdrawals have on-chain smart contracts, off-chain contracts, administration services and audits. Hard fork initiations require an ecosystem-wide coordination effort across SPOs, DApps, developers and exchanges. Certain governance action submissions may require coordination to avoid collisions, such as the recent Plutus Cost Model and committeeMinSize parameter updates for example.
It is not just Mainnet work, many of these actions will be submitted to testnets. New parameters and hard forks need to be tested, complex metadata needs to render correctly on explorers. All work that is not seen when we see a governance action on-chain. Submitting a governance action on Mainnet also requires a 100,000 ada deposit, which itself carries with it a real world value and in turn, a responsibility for correctness.
Cardano Constitution
In addition to core Cardano repositories and governance action metadata, the IntersectMBO GitHub repository also hosts copies of Cardano Constitution. Contributing to the CIP-1694 process that culminated in the Plomin hard fork and the ratification of the first on-chain constitution, Intersect hosted the interim and first constitutions and contributed to CIP-120 which defined the Constitution Specification. It now maintains a copy of the second community-approved constitution too.
Constitutional Committee elections facilitated by Intersect
Constitutional Committee (CC) elections are another example of a critical “unowned function”. It is a function that no one entity can claim responsibility for, or necessarily has the capacity to execute. Intersect does not claim to provide the definitive process, only to facilitate a possible process. Cardano is an open and permissionless system and anyone is free to submit an Update Committee action on-chain at any time.
There are technical limitations to updating the CC and it is not possible to put all potential candidates on-chain at the same time. Each Update Committee action is required to reference a previous-action-id and it would be impossible to attempt to chain multiple single candidate actions together. Therefore some form of pre-selection process is required to select a proposed set of candidates to go into one on-chain action. As it currently stands, the 7 member committee has seats that expire in blocks of 3 and 4 on rotation.
A failure to coordinate an Update Committee action in a timely manner could mean that the CC falls below the committeeMinSize (formerly 7, updated to 5 as of July 13, 2026) and Cardano governance would be seriously limited until the situation is resolved.
2025 - From interim to fully elected CC
Intersect facilitated a CC election in 2025 as Cardano governance finally moved from the Interim Constitutional Committee composed of 3 founding entities, 3 community-elected seats and the Intersect seat represented by Intersect members, to a fully community-elected CC of 7 members. Read the Update Committee action.
2025 - Snap election
In November-December 2025, following the announced retirement of an existing CC member, Intersect facilitated a Snap election to restore the minimum committee size of 7 and prevent the Cardano governance system from effectively stalling. Another example of a critical unowned process, an event that no one could have planned for, that Intersect was able to help facilitate a remediation for at short notice. Read the Update Committee action.
2026 - coordinating a timely Update Committee action
A CC election process for 2026 is currently being facilitated by Intersect once again. In an open and permissionless system, it does not mean that Intersect is the sole arbiter of a definitive process, the 2026 elections form a part of Intersects 2025 budget obligations, and in 2027 anyone else is free to propose and run a different process, as always. The main risk to the ecosystem if no one else takes on this role is as stated above, falling below the minimum committee size and Cardano governance effectively stalling until the minimum is restored or exceeded. The role of the CC remains quite technical in nature and so for 2026, an additional measure was added for candidates to provide cold credentials in advance. This reduced spam applicants, demonstrated technical proficiency for the role, and will reduce any potential delays between voting results and submitting the on-chain Update Committee action.
You can read more about the 2026 candidates in this blog post and vote on the Hydra Voting platform until July 23, 2026 at 21:45 UTC.
Intersect operations
Cardano Budget processes facilitated by Intersect
2025
In 2025, Intersect facilitated a community budget submission process, using live DRep stake to assess and validate support through the Ekklesia platform. More than 3.8B ada in voting stake participated, representing over 70% of actively delegated stake (excluding pre-defined voting options). A total of 194 proposals were submitted as part of Intersect’s coordination efforts for budget socialization. 194 proposals were submitted, from which 39 were put forth in an aggregated budget Info Action for 275M ada. This step reduced the burden of the constitutional requirement for treasury withdrawals to have an associated budget by aggregating the budget into a single info action for DRep approval, against which 39 Treasury Withdrawal actions were then individually submitted against. Allowing DReps the choice to vote on individual projects rather than being forced into an all-or-nothing vote.
2026
Intersect has once again facilitated a budget process in 2026, as part of its funding obligations from 2025, and following DRep approval via an Info Action. It was a possible process and not the definitive process, and a number of projects chose to go straight to on-chain Treasury Withdrawals. With lessons learned from the first year of a budget process, improvements were made to the Intersect facilitated process for 2026. A 1000 ada application fee was required for prospective projects in an attempt to reduce spam proposals and the burden on DReps reviewing them, and a minimum proposal size of 100,000 ada was added. Additionally, Intersect implemented a 3% administration fee on all proposals appointing Intersect as administrator. This move helps fund the administrative work carried out by Intersect and seeks to reduce reliance on treasury funding moving forward, scaling with the amount of ada administered by Intersect.
The process saw 69 proposals submitted on the newly launched Hydra Voting platform, an evolution of the Ekklesia platform for Intersect voting events. The platform allowed DReps and ada holders the opportunity to converse with proposers in a deliberation phase before proposals were finalized for voting. This process allowed for a deliberation period that the budget info action previously provided, before on-chain treasury withdrawals were submitted. A requirement removed in the latest version of the Cardano constitution resulting in a reduction in pre-submission discussions. Out of 69 proposals, 11 were voted on by DReps and are currently on-chain for voting until July 23, 2026. This includes the Intersect core and Technical Steering Committee proposals.
Intersect budget administration services
The Cardano constitution mandates that, “Treasury Withdrawal actions shall designate one or more administrators responsible for monitoring how the funds are used, and ensuring the deliverables are achieved”. A role that did not exist when Intersect was first formed, a role that it now finds itself in, and a role that it was funded for as part of its 2025 budget proposal.
Intersect, as of July 15, 2026, administers 569.6M ada of treasury withdrawals across various projects. This service includes on-chain smart contracts, off-chain legal and financial contracts, milestone reviews, progress reports, and most recently, a stablecoin conversion service. To improve transparency around these services, Intersect released the Intersect Budget Administration Services Hub on its Knowledge Base earlier in 2026. A one-stop shop for vendors and ecosystem stakeholders to find administration services info, monitor processes, and the progress of treasury funded initiatives. Read the Mid-Year Report for 2025 budget process projects.
The flow of treasury funds are transparently and immutably recorded on chain using the Treasury Reserve Smart Contracts (TRSC) and Project Specific Smart Contracts (PSSC) developed in collaboration with SundaeSwap, and audited by MLabs and TxPipe.
- 2025 Treasury Reserve Smart Contract (TRSC)
- 2026 Treasury Reserve Smart Contract (TRSC)
- Treasury Contracts Dashboard
Intersect at global events
Over the past 12 months Intersect has had to be strategic with how it has supported global events, carefully balancing having a presence and facilitating global participation, while equally being fiscally responsible in its approach. This has included virtual attendances from senior leadership, co-hosting booths and workshops with other entities, and having representatives present who already live within an event region to keep costs down. Intersect is a Member Based Organization and it is important to meet people where they are and not to just focus on the flagship events. This careful strategy has ensured that Intersect has been able to at least have some presence, or to help facilitate the following events;
Rare Evo 2025, Token 2049, IO Japan workshop, Tech for Impact 2025, Discover Cardano x Intersect community event (Tokyo), North America Blockchain Summit, Nuluna, Cardano Summit 2025, Cardano Tech Summit LATAM, local and virtual AMM events (Nairobi, Tokyo, Buenos Aires, Colombo, London), India Blockchain Week, Consensus Hong Kong, Cardano Africa Tech Summit 2025, Cardano Buidler Fest 2026, Tech for Impact 2026, Consensus Miami 2026, Money 20/20, Open Source Summit NA 2026, WebX Japan 2026, Rare Evo 2026.

Intersect as an MBO
Membership tiers and benefits
Intersect is a Members Based Organization (MBO) and currently has 3 membership tiers - Enterprise, Individual and Associate. The Intersect Members Area is the home dashboard where members can login to manage their profiles, see their achievements and participation record, gain access to exclusive member benefits (paid tiers only), and access the Intersect Virtual Hub.
Intersect currently has 29 Enterprise Members including; Anastasia Labs, Cardano Foundation, Chain App, Charli3, Claymates, Coin Ceylon, Dora Hacks, Dquadrant, Emurgo, Iagon, Input Output, Midnight Foundation, MLabs, Modus Create, Moneta/USDM, No Witness Labs, Rare Network, ServicePlan, Shielded, Sidan Labs, Snek, Socious, Storm Partners, Tangem, The Grid, Vaka Consulting, Well-Typed, West African Decentralised Alliance, Women In Move Solution.
Individual membership is the paid membership tier for individuals that allows participation in Intersect committee elections and to hold voting roles on those committees if elected. Working Groups that operate under a specific committee are open to anyone to participate and contribute but committee voting members must be paid Intersect members. Intersect committee members may also be eligible for a stipend for their services which is currently claimed via the Members Area, along with member discounts offered by some Intersect Enterprise Member partnerships and other ecosystem partners. The Virtual Hub is also accessible to all members. There are currently 713 individual members.
Associate membership is a free tier that allows individuals to experience the member area and network with fellow members before deciding if it is for them. All membership tiers have access to the Virtual Hub and can network with fellow members and participate in events held there, such as the Monthly Member Meeting event known as Intersect Connect. There are currently 5,478 associate members.
Virtual Hub
The Intersect Virtual Hub is a 24/7 always open virtual space accessible from the Intersect Members Area. It is a space where Intersect holds events, including the monthly Intersect Connect and the Annual Members Meeting, and features breakout rooms and virtual call rooms for members to network and host events, presentations, and meetings of their own.
Intersect Committees
Intersect currently supports 7 different committees, composed of 10 elected members each, and a secretary. In addition to these fully elected positions is the Intersect Steering Committee, a collective member driven governing body which oversees all standing committees and functions within Intersect. Its role is to enable collective decision making and communication flows between the Intersect Board, committees, elected community representatives, and Functional Directors. You can find more information about the individual committees, their members, meeting minutes and related working groups using the Knowledge Base links below:
- Cardano Budget Committee (CBC)
- Cardano Civics Committee (CCC)
- Growth and Marketing Committee (GMC)
- Membership and Community Committee (MCC)
- Open Source Committee (OSC)
- Cardano Product Committee (CPC)
- Technical Steering Committee (TSC)
- Intersect Steering Committee (ISC)
Intersect Committee elections
Intersect runs an election for its 7 committees each year, giving paid members the opportunity to stand for election for their chosen committee of interest, and for their fellow members to have the opportunity to decide who they feel is best to carry out the role on particular committees. Additionally, there are a limited number of positions available for community members to be elected to the Intersect Steering Committee also.
Intersect Board elections
In 2025, Intersect ran elections for the Board of Directors, expanding the community elected seats to 4, to create the first majority elected Board since Intersects inception. New elections are scheduled for later in 2026 with details to be announced shortly. The current Board members are:
- Gerard Moroney - Chair of the board of Intersect, Chief Operating Officer at IOG
- Nikhil Joshi - Chief Operating Officer at EMURGO
- Adam Rusch - Member & Secretary
- Kavinda Kariyapperuma - Member
- Rand McHenry - Member
- Mercy Fordwoo - Member
Sadly, we recently marked the passing of Steven Lupien on July 5, 2026. Steven was former Chair of the board of Intersect and Director for the Center for Blockchain & Digital Innovation for the University Of Wyoming. All members received an email notification from the Board while a wider ecosystem announcement was made via X post.
Get involved
Join the conversation by becoming an associate or a member via the Intersect Member Area, and follow us on Twitter (X) and LinkedIn to engage with fellow members, working groups, and the broader community. Public Google and Luma calendars are available to all. Committee meetings, working groups and events. Find something that takes your interest, join and participate.
Intersect budget proposal 2026
This retrospective has been written in the hope of highlighting much of the work that Intersect does, sometimes seen, sometimes unseen. The article's depth is a reflection of the amount of work that takes place below the surface and even then, not everything has been covered here. Thank you for taking the time if you have read this far, your time and consideration is very much appreciated. If you would consider voting on the Intersect proposal, you can read more on GovTool and vote on your governance platform of choice.
That’s it for this Special Update. Thank you for reading. To learn more about Intersect’s work, explore our Knowledge Base, which provides detailed information on governance structures, committees, and funding.
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