A governance action type that proposes withdrawing ada from the Cardano treasury and paying it out to a specified stake address. Treasury withdrawals require successful DRep and Constitutional Committee votes (the action does not need stake pool ratification).
The Plomin hard fork was the first to enable treasury withdrawals on mainnet. In the long run they replace Project Catalyst's off-chain funding pipeline with a fully on-chain mechanism that the community can approve or reject directly.
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- Governance ActionA formal proposal submitted on-chain for the Cardano community to vote on.View term
- TreasuryAn on-chain fund that accumulates a portion of transaction fees and monetary expansion.View term
- DRepA representative that ada holders delegate their on-chain voting power to, so the DRep votes on governance actions on their behalf; like choosing someone to represent your interests in parliament.View term
- CIP-1694The Cardano Improvement Proposal that defines Cardano's on-chain governance system, introducing DReps, the Constitutional Committee, and formal governance actions.View term
- Project CatalystCardano's innovation and treasury funding platform where ada holders propose, discuss, and vote on projects to receive funding from the Cardano treasury.View term
- PlominThe Conway-era hard fork on January 29, 2025 that turned on the remaining CIP-1694 governance actions.View term