Hello Cardano Community, Here’s an update on my vote regarding the first NCL proposal. I voted No, and I’d like to share the rationale behind my decision.
I agree with setting a limit on the amount of funds we can withdraw from the Cardano treasury. However, this amount should be based on market conditions and the specific period. The year 2025 looks promising for the price of ADA, so it’s logical to set an amount for that year.
What we don’t know—and can’t predict—is the situation in 2026. Setting a limit of 250 million ADA for that year raises questions, such as: what conditions were considered in deciding that amount without knowing the budget or market trends for the year? For this reason, I am unable to support this Governance Action (GA).
Another reason is the anonymity of the team submitting this GA. I stand for transparency in decision-making. My concern is: how can we reward or hold you accountable if this proposal passes? By “reward or punish,” I mean either supporting your future proposals if this one benefits the Cardano ecosystem, or holding you accountable if the outcome does not meet community expectations. If the latter happens, who takes responsibility?