A new Cardano treasury withdrawal governance action has been submitted for the Draper Dragon Orion Fund, and the Cardano Foundation is asking the community to support it.
Here’s what the proposal is about:
The Draper Dragon Orion Fund is a fund designed to accelerate real-world utility and establish Cardano as a global standard for enterprise-grade blockchain. The fund will target a total of $80 million contributions in total, over several years and from not only the Cardano treasury but from external contributors as well.
Led by Draper Dragon with support from Draper University, this partnership focuses on creating a comprehensive venture funnel for the Cardano ecosystem, transforming early stage education and ideation into high growth enterprises , thus transforming the Cardano Treasury into an active growth engine.
Three categories for investment have been identified:
- Direct investments in Cardano-native and integrated startups
- Growth Capital towards in house venture and development initiatives
- Startup acceleration and talent pipeline programs
The Draper Dragon Orion Fund is structured to return value to its limited partners, including a special purpose vehicle acting to further/increase the Cardano treasury, before Draper Dragon receives a profit.
Explore the full governance action at the link here and cast your vote.
The Cardano Foundation is not a manager of the Draper Dragon Orion Fund.For full details please read the governance action .