After months of collaboration across the Cardano community, Intersect has submitted 39 on-chain treasury withdrawal governance actions. Each proposal represents a community-supported initiative that previously passed through a Budget Info Action submitted earlier this year. This step marks another milestone moment, where funds from the Cardano Treasury can be securely and transparently distributed, guided by community decisions and facilitated by smart contracts.

How the voting works, and why it matters

These actions are now live for voting by the Delegate Representatives (DReps) and the interim Constitutional Committee (ICC). To pass, each governance action requires a 67% supermajority from active DRep stake and the support of 5/7 Constitutional Committee members, adjusted for abstentions.

DReps have four options for each proposal: Yes, No, Abstain, or not voting. However, not voting is effectively counted as a No. We encourage all DReps to actively participate to ensure an accurate reflection of community sentiment.

Unlike Info Actions, Treasury Withdrawal governance actions can be ratified before they expire if thresholds are met on an epoch boundary. If, however, proposals don’t meet the required thresholds by the end of Epoch 576 (August 17,  2025), they will expire.

This is the final step before approved proposals receive funding. Once passed, Intersect (as administrator) will complete legal onboarding with the vendor and trigger the associated smart contract, unlocking funds as work is delivered.

How smart contracts work

These treasury withdrawals are facilitated by a smart contract framework developed together with Sundae Labs to automate transparency and ensure timely delivery. Each contract encodes the milestone schedule on-chain, making payments conditional on progress. If a milestone isn’t met, funds can be paused or returned.

You can explore how these smart contracts function, including the distinction between Treasury Reserve and Vendor Contracts, in this overview of the framework.

The development and testing of these contracts were documented across several recent updates, including Intersect’s live demo series, which showcases the contract logic executing in real-time.

Oversight and security

Every smart contract created by Intersect undergoes external review by an independent external Oversight Committee. This committee includes representatives from the Cardano Foundation, Dquadrant, Xerberus, NMKR, and Sundae Labs. No single entity can control or modify the contracts, including Intersect; funding and disbursal actions require multi-signature authorization by Intersect and the external Oversight Committee.

This structure ensures independence and protects the integrity of the treasury withdrawal process. Read more about the committee and its responsibilities here.

What you can do

If you're an ada holder, now is the time to act. Make sure your stake is delegated to a DRep who aligns with your values, or become a DRep and vote yourself.

You can track the proposals and their progress at:

• Cardanoscan Governance Actions
• AdaStat Governance
• Cexplorer Governance
• GovTool

Every vote counts. Your DRep’s engagement could be the difference between a proposal being funded or rejected.

Intersect’s role as an administrator

As an Administrator, Intersect ensures that community decisions are carried out efficiently, transparently, and in line with the Cardano Constitution - and is acting as an Administrator for these 39 proposals. That means, if passed, Intersect will support each vendor through onboarding, ensure the necessary constitutional requirements are met, and create individual smart contracts that govern fund disbursement and milestone tracking.

This administrative role does not imply control over governance outcomes. Instead, it ensures that approved proposals are delivered in a transparent and accountable way, using tools and processes aligned with Cardano’s constitutional framework.

What’s next from Intersect

In the weeks ahead, Intersect will be releasing more information to support both vendors and the Cardano community. Expect guides on onboarding, walkthroughs for milestone reporting, and updates on available smart contract tools. A series of community symposiums will also take place, where vendors can present their proposals and answer questions directly.

All this contributes to a treasury system that is not just decentralized, but also accountable, transparent, and community-controlled.

Stay informed

To learn more about Intersect’s work, explore our Knowledge Base, which provides detailed information on governance structures, committees, and funding. Additionally, visit the Intersect website for the latest news, updates, and roadmap information.

Join the conversation on Discord, and follow us on Twitter (X) and LinkedIn to engage with fellow members, working groups, and the broader community.

Your voice helps shape the future of Cardano governance.