Hello Cardano community and Voltaire brethren, I would like to share an update on my vote regarding the 2025 Net Change Limit GA proposal. I voted abstain, and my rationale is as follows:
I believe in responsible, data-driven and community-informed treasury governance. While I appreciate the initiative to establish a net change limit (NCL) for the treasury—an important mechanism to prevent depletion and ensure long-term sustainability, I am choosing to ABSTAIN from this particular proposal concerning contingency plans or emergency provisions.
The proposed limit of 350 million ada for 2025 is high and could set a precedent for even larger amounts in 2026 and beyond. I also support a percentage-based NCL rather than a fixed amount, as it offers greater flexibility and alignment with treasury size over time.
By abstaining, I want to signal that I am not opposed to the idea of a net change limit, but that more refinement is needed. I encourage the proposers to engage further with the community, iterate on the proposal, and consider bringing it back with stronger justifications and greater clarity.