Intersect weekly update #119 July 10, 2026
Welcome to Intersect update #119
This week, the van Rossem hard fork sits one Constitutional Committee vote away from ratification, with a chance to enact by July 18. The Constitutional Committee election is underway. The committeeMinSize parameter update was ratified, closing out months of cross-committee coordination. Elsewhere, the Beyond Minimum Viable Governance project has delivered its final milestone, Bylaws voting opens next Wednesday, and Intersect represented the ecosystem at WebX Japan and India Codex. Read on for the full picture, including current progress on governance actions and how to get involved.
Contributors: Bosko M, Ian H, Larisa M, Thomas L, Duncan S, Abhik N, Valeria D, Lorenzo B, Intersect
van Rossem hard fork update
Stake pool operator (SPO) adoption has been strong to date, with 92% of blocks produced in Epoch 642 made on node version 11 . All readiness metrics for ratification have been met and the only remaining step needed is one CC vote confirming constitutionality for the hard fork governance action to be ratified. The next opportunity for ratification is the epoch boundary on July 13. If ratified then, it would be enacted on July 18.
The ledger prioritizes hard fork ratification above all other actions and will delay anything that ratifies at the same time. Therefore, anything ratifying in its final epoch will expire due to this one-epoch delay.
At the time of writing, voting progress currently stands at:
DRep: 75.36% (60% required)
SPO: 52.43% (51% required)
CC: 4 voted Constitutional, 3 yet to vote (5 votes required)
Voting on the hard fork requires DRep, SPO and Constitutional Committee member votes for ratification. There are various sources for hard fork readiness that voters can use to make an informed decision:
- Cardano constitution
- General: van Rossem upgrade readiness page
- SPO readiness: PoolTool | Cexplorer | ADAtool
- Exchange readiness: CardanoScan | Cexplorer
For a technical deep-dive, read this week's Upgrade Bulletin.
For a less technical overview of hard fork progress, read this Intersect blog.
Supporting the Technical Steering Committee
The Intersect Technical Steering Committee (TSC) currently has a treasury withdrawal proposal on-chain for voting. The proposal covers funding for community-facing technical coordination, protocol governance and evolution, and technical reviews. You can read the proposal on GovTool, and see the current vote progress in the governance actions table below. The Hard Fork Working Group operates under the TSC and has been instrumental in coordinating and ensuring the progress of the van Rossem hard fork to date.
Voting in the Constitutional Committee election remains open until July 23 at 21:45 UTC, although the voting portal is currently paused while the Hydra Voting platform is being restored.
Following essential maintenance performed overnight, the Hydra Voting platform is currently experiencing technical issues while services are being brought back online. The team is working to restore the platform as quickly as possible.
No votes have been lost. All voting data remains safe and secure, and another update will be shared as soon as the platform is fully operational.
The standing before the pause was:
|
Rank |
Candidate |
Approval power |
DReps |
Ballot stake |
|---|---|---|---|---|
|
1 |
Marek Mahut (deliberative.cc) |
₳744.7M |
13 |
96.5% |
|
2 |
Leandros BSP |
₳651.9M |
11 |
84.4% |
|
3 |
Cardano Curia |
₳643.7M |
13 |
83.4% |
|
4 |
Philip DiSarro |
₳576.7M |
9 |
74.7% |
|
5 |
Bosco Ribeiro |
₳107.4M |
5 |
13.9% |
|
6 |
Asia Africa Cardano Coalition (AACC) |
₳73.9M |
7 |
9.6% |
|
7 |
Gbiri Oluwaseun (Olokoji) |
₳313K |
1 |
0.0% |
|
8 |
NexTrium Global Innovations Ltd |
₳52K |
1 |
0.0% |
|
9 |
Ian Njuguna |
₳0 |
0 |
0.0% |
|
10 |
Meek Owen |
₳0 |
0 |
0.0% |
The top four candidates are currently in position to move forward, but the election is not over. Once the platform is back online, DReps will still be able to cast their votes until the voting deadline.
Thank you for your patience while the platform is being restored.
Recently closed governance actions
|
Proposal |
Status |
DRep |
CC (🟢-🔴-⚪️-⏳) |
|
Tweag Core Cardano Infrastructure: Treasury Withdrawal 2026–2027 |
Enacted |
69.5% / 67% |
5-0-0-2 |
|
Reduce the committeeMinSize parameter from 7 to 5 (Parameter Update) |
Ratified |
80.07% / 75% |
6-0-0-1 |
|
Ratified |
74.25% / 67% |
5-0-0-2 |
Live governance actions*
|
Proposal |
Expires |
DRep |
CC (🟢-🔴-⚪️-⏳) |
|
(Info Action) |
July 13, 2026 (Epoch 643) |
DRep 5.73% SPO 0.78% |
2-1-1-3 |
|
July 13, 2026 (Epoch 643) |
60.37% / 67% |
4-0-1-2 |
|
|
July 18, 2026 (Epoch 644) |
45.33% / 67% |
3-1-0-3 |
|
|
Hard Fork to Protocol Version 11 ('van Rossem' Hard Fork) (Hard fork initiation action) |
July 18, 2026 (Epoch 644) |
DRep 75.37% / 60% SPO 52.47% / 51% |
4-0-0-3 |
|
July 18, 2026 (Epoch 644) |
12.16% / 67% |
2-0-0-5 |
|
|
Withdraw 3,961,538 ada for Bringing Real-World Payments to Cardano with Wirex |
July 23, 2026 (Epoch 645) |
29.12% / 67% |
2-0-0-5 |
|
Withdraw 540,750 ada for by TxPipe Dolos: Maintaining Cardano's Lightweight D... |
July 23, 2026 (Epoch 645) |
41.26% / 67% |
2-0-0-5 |
|
July 23, 2026 (Epoch 645) |
38.32% / 67% |
2-0-0-5 |
|
|
Withdraw 1,193,000 ada for Intersect Technical Steering Committee Support |
July 23, 2026 (Epoch 645) |
33.31% / 67% |
2-0-0-5 |
|
Withdraw 25,400,000 ada for Intersect: Governance coordination and technical ... |
July 23, 2026 (Epoch 645) |
31.87% / 67% |
2-0-0-5 |
|
July 23, 2026 (Epoch 645) |
37.76% / 67% |
2-0-0-5 |
|
|
Withdraw 1,162,746 ada for MLabs Core Tool Maintenance & Enhancement: Plutarc... |
July 23, 2026 (Epoch 645) |
35.7% / 67% |
2-0-0-5 |
|
Withdraw 540,750 ada for Oura by TxPipe: Maintaining Cardano’s Event Pipeline |
July 23, 2026 (Epoch 645) |
39.2% / 67% |
2-0-0-5 |
|
Withdraw 540,750 ada for Pallas by TxPipe: Maintaining Cardano's Core Rust Li... |
July 23, 2026 (Epoch 645) |
40.53% / 67% |
2-0-0-5 |
|
Withdraw 1,684,050 ada for Tx3 by TxPipe: Open API Layer for Cardano's dApp P... |
July 23, 2026 (Epoch 645) |
39.57% / 67% |
2-0-0-5 |
|
Withdraw 540,750 ada for UTxO RPC by TxPipe: Maintaining Cardano’s Integratio... |
July 23, 2026 (Epoch 645) |
41.51% / 67% |
2-0-0-5 |
|
Alchemy by Sundial x Charms: Cardano-Native Bitcoin Treasury Protocol |
July 28, 2026 (Epoch 646) |
2.44% / 67% |
0-1-0-6 |
|
July 28, 2026 (Epoch 646) |
5.02% / 67% |
0-0-0-7 |
|
|
Withdraw 4,969,231 ada for Cardano Enterprise Adoption: Ticketing Platform |
July 28, 2026 (Epoch 646) |
5.17% / 67% |
0-0-0-7 |
|
Se7en Labs: Daedalus Wallet Maintenance and Improvements 2026-2027 |
July 28, 2026 (Epoch 646) |
19.81% / 67% |
0-0-0-7 |
|
July 28, 2026 (Epoch 646) |
5.46% / 67% |
0-0-0-7 |
|
|
Scalus 2026: Maintenance, Dijkstra Readiness, Interoperability & Application Runtime |
Aug 2, 2026 (Epoch 647) |
2.4% / 67% |
0-0-0-7 |
|
Global Order Book connect Cardano DeFi to increase transaction |
Aug 2, 2026 (Epoch 647) |
2.51% / 67% |
0-0-0-7 |
|
Net Change Limit: Cardano Treasury (Epochs 613-713) (Info Action) |
Aug 2, 2026 (Epoch 647) |
DRep 10.33% SPO** 0.39% |
0-0-0-7 |
|
Bifrost: Unlocking Bitcoin DeFi on Cardano — Road to Mainnet (Phase 1 of 2) |
Aug 2, 2026 (Epoch 647) |
3.29% / 67% |
0-0-0-7 |
|
Aug 7, 2026 (Epoch 648) |
0.4% / 67% |
0-0-0-7 |
|
|
Aug 2, 2026 (Epoch 647) |
5.18% / 67% |
0-0-0-7 |
Follow vote progress with your favorite Cardano explorers:
GovTool | Tempo | Cexplorer | AdaStat | CardanoScan | CGov | Civitas
Supporting Intersect
The Intersect core treasury withdrawal proposal, “Intersect: Governance coordination and technical stewardship for the Cardano ecosystem” is currently live for on-chain voting. The proposal covers funding for Intersect operations and ecosystem coordination, technical stewardship, incident response and coordination (including core Cardano repos), and management of critical processes. You can read the proposal on GovTool, and see the current vote progress in the governance actions table above. Keep an eye out next week for a special blog covering “Why Intersect?”, highlighting both the seen and often unseen work that Intersect does.
Project completion: Beyond Minimum Viable Governance
This week saw the completion of the “Beyond Minimum Viable Governance” project by IOG’s Voltaire team with their submission for “Milestone 4 - Develop Actionable Recommendations for Top Governance Improvements and Deliverables”.
The project closes out having delivered everything it set out to: a governance health measurement framework, comprehensive data collection, a final State of Governance report, a set of prioritized recommendations, concrete first steps taken for each, and a playbook for future projects to build on. This post summarizes what the project found, what it recommends, and what happens next. These project deliverables are also held in the project linktree and Beyond MVG GitHub repo for easy reference and adaptation.
Cardano 2027 Budget — feedback (5 min)
This week the Budget Committee would like to ask that all DReps and Proposers fill out a brief survey:
There are 27 active governance actions on-chain right now. Including a hard fork initiation, two info actions, and 24 treasury withdrawal actions. Among these, Intersect has facilitated a recently ratified parameter update, a hard fork initiation action and 11 treasury withdrawal actions. Beyond a simple entry on an explorer or a voting option on a governance platform, each of these actions has a tremendous amount of unseen work behind it, shaping ecosystem growth and global engagement.
The committeeMinSize parameter update was ratified this week. The resubmission was a culmination of work between the Civics, Technical Steering, and Parameters committees. Although originally a community-led submission, the resubmission was facilitated by increased coordination to ensure no conflict with other updates. Discussions, metadata drafting, transaction creation, multi-sig signing; all unseen work in the background. Following enactment, there will be an operational buffer between the minimum of five members and the active seven members on-chain. The current Constitutional Committee election process aims to maintain seven operating members by electing four candidates to update the four seats due to expire on-chain later this summer.
The hard fork has progressed through months of work in the Hard Fork Working Group, with Intersect coordinating ecosystem engagement across SPOs, DApps, developers and exchanges. Testing was done across SanchoNet, Preview and Preprod networks before reaching Mainnet. Intersect took the step of forking Ogmios and Kupo to ensure progress on Preprod continued, otherwise progress could have stalled for weeks. It currently stands just one more Constitutional Committee member approval away from being ratified.
Finally, 11 of the current treasury withdrawal proposals were submitted following the Intersect-facilitated Hydra Voting process, allowing community and proposers to discuss and refine proposals ahead of voting. An opportunity otherwise lost with the removal of the Budget Info Action from the Constitution. Budget administration including: proposal metadata drafting, transaction assembling, on-chain and off-chain contracts, stablecoin conversions if chosen, milestone assessments, and much more. Often unseen work in the background, helping the Cardano ecosystem to grow and evolve.
Bylaws voting opens next week
The vote on the proposed Intersect Bylaws update opens on Wednesday, July 15, and will remain open for two weeks.
Eligible members will be able to cast their vote by logging into the Members’ Area, navigating to Voting Events, and selecting Active Voting Events.
Want to learn more before voting? Visit the Knowledge Base to explore a summary of the proposed changes, read the full draft of the updated Bylaws, and browse our FAQ.
Your vote is an important part of Intersect's member-led governance; we encourage all eligible members to take part.
Web X 2026 - Japan
Intersect will be present at the Cardano booth during WebX 2026, engaging with developers, enterprises, and community members to showcase Intersect's role in governance, membership, and ecosystem collaboration. Attendees will have the opportunity to learn more about Intersect, explore membership benefits, and discover ways to get involved in shaping the future of the Cardano ecosystem. Visitors who stop by the booth and participate will receive a special WebX badge and be entered for a chance to win a Tangem Wallet. Fred Tanaka (@Tanakafj) and Abhik Nag (@0xnagatoshi) will be representing Intersect at the Cardano booth and will be available throughout the event to answer questions, provide guidance, and help attendees learn more about Intersect and its initiatives.
India Codex 2026
Intersect will be represented at India Codex 2026, continuing its commitment to engaging with developers, builders, and the broader Web3 community in India. The event provides an opportunity to showcase Intersect's role in supporting Cardano governance, ecosystem collaboration, and community-driven innovation while connecting with developers interested in contributing to the ecosystem.
Representing Intersect at the event will be Anuj Chaudhary, an elected member of the Membership and Community Committee (MCC). Anuj will engage with attendees, share insights into Intersect's mission and membership opportunities, and help foster stronger connections between the Indian developer community and the Cardano ecosystem.
Registration is still open for those who would like to attend. You can register here: India Codex 2026 Registration.
Enterprise Member Spotlight – PerpX Joins Intersect
We’re pleased to welcome PerpX as Intersect’s newest Enterprise Member.
PerpX is a next-generation decentralized perpetual exchange built for traders seeking speed, transparency, and full control through a self-custodial trading experience. The platform offers up to 100x leverage, low slippage, and low fees, with a roadmap focused on expanding its perpetual trading ecosystem, strengthening DeFi and liquidity partnerships, and introducing AI-assisted analytics and risk management tools.
As an Enterprise Member, PerpX joins a growing network of organizations collaborating through Intersect to help shape the future of the Cardano ecosystem. We look forward to supporting PerpX’s growth and fostering new opportunities for collaboration across the enterprise community.
What’s on next week:
Intersect Virtual Hub
Reminder that the Intersect Virtual Hub is open 24/7 for members to use and organize their own meetings and events. If you would like to utilize the screen sharing features for presentations, an Intersect staff moderator can assist. How to join the Virtual Hub guide on X.
Get involved
Public Google and Luma calendars are available to all. Committee meetings, working groups and events. Find something that takes your interest, join and participate.
That’s it for this week’s 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.
Join the conversation on Discord, and follow us on Twitter (X) and LinkedIn to engage with fellow members, working groups, and the broader community. Subscribe to the public Google and Luma calendars.