On 13th July 2025, I hosted an online meetup, Cardano’s 2025 Budget. The session commenced at 3:30PM and occurred on Zoom. We recorded a maximum of six (6) participants for this session.
Hosted by Benjamin Baani under the drive of Know Cardano Town Hall (KCTH), the event brought together Cardano enthusiasts, to continue to look into the 2025 Cardano Budget. This online session was intended to update participants on the approved Cardano’s 2025 budget approval and the Smart Contract Framework Finalized and Treasury withdrawal oversight committee using the Intersect Dev Report #70.
WHAT WAS LOOKED AT:
Intersect has launched a new Oversight Committee to reinforce security and accountability within Cardano’s smart contract-based treasury operations. It is intended to be an independent group that will play a critical role in verifying governance actions and ensuring no single entity can move or modify funds unilaterally. Sundae Labs, Xerberus, NMKR, Dquadrant, and the Cardano Foundation (CF) are independent third-party organizations coming together to form this new committee.
Smart contract framework finalized for treasury withdrawals
Intersect has finalized our configuration of smart contract framework (developed by Sundae Labs) to manage Cardano’s treasury funds on-chain with enhanced security, transparency, and auditability.
With the Oversight Committee confirmed and our smart contract framework finalized, we are now poised to submit 39 Treasury Withdrawal governance actions with robustness and security at the forefront.
The town hall session came to an end around 4:10PM.
Below is the link to the full session