Civics Meeting Minutes December 7, 2023

Governance Guardrails Working group summary of conclusions:

• We think the Cardano treasury should be depletionary, as well as a budget agreed to by DReps.

• We also agree that the funds in the treasury pot should not be delegated to SPOs or DReps.

• We are suggesting that a value of X ADA per Y epoch needs to be set, and right now are thinking 2.47% per 12 epochs based on the LATAM community’s research.

  • The number itself does not go in the minimum viable constitution, but rather the rule that this number must be established by the DReps, and when possible, make it a protocol parameter and then sit outside of the constitution

• The working group is hosting community X spaces on some topics to gather diverse perspectives - it’s an open invite for the community to join.

Informational update about the other committees of Intersect

• There was an overview of the committees within Intersect to provide visibility to the committee members.

• 2024 backlog of focus areas for this committee has been created. New topics raised:

  • Define the method for committees to stay connected within Intersect

  • Budget committee work should be in context of broader economics.

  • Exploring how Cardano interacts with capital/monies from outside of the Cardano treasury and ecosystem.

  • Map the RACI of committees within Intersect