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제안서 상세 내용과 투표 현황을 확인하세요.

제안서 제목: 5am.earth 비전 2030 KPI를 목표로 하는 신뢰 계층에 대한 제안
164 TreasuryWithdrawals 632 ~ 639 진행중
제안서 투표현황
DRep
33.37% 찬성
찬성 1,687.09M · 반대 3,368.56M
SPO
0% 찬성
찬성 0.00M · 반대 0.00M
헌법위원회
62.5% 찬성
찬성 5표 · 반대 0표
DRep 투표현황
찬성 1,687.09M 3,368.56M 반대
33.37%
66.63%
구분 투표값
투표수 보팅파워 비율
찬성 56 1,687.09M 33.37%
반대 64 3,368.56M 66.63%
기권 16 9,830.37M -
불신임 - 194.79M -
SPO 투표현황
찬성 0.00M 0.00M 반대
0%
0%
구분 투표값
투표수 보팅파워 비율
찬성 0 0.00M 0%
반대 0 0.00M 0%
기권 0 0.00M -
불신임 - 0.00M -
헌법위원회 투표현황
찬성 5 0 반대
62.5%
37.5%
구분 투표값
투표수 보팅파워 비율
찬성 5 - 62.5%
반대 0 - 37.5%
기권 0 - 0%

한글 버전

요약
- 에이다 농업 신뢰 구축에 대한 제안 5am.earth 재단은 글로벌 농업 공급망을 위한 에이다 기반의 개방형 Trust layer 구축을 위해 10M ₳(Hard cap)를 요청했음 .

- 이 Trust layer는 농부와 AE를 위한 Veridian Self-sovereign identity와 검증된 농장 및 작물 데이터를 제공하는 에이다 On-chain satellite oracle을 결합함 .

- 18개월간 진행되는 이 프로그램은 인도, 캄보디아, 케냐에서 500,000명의 등록 농부를 확보하는 것을 목표로 함 .

- M1(6개월 차), M2(12개월 차), M3(18개월 차) 단계를 거치며 Andamio를 통한 AE certification, Zengate Global을 통한 Traceability 및 Compliance, Seedstars SIGMA를 통한 Finance 및 Credit 등 세 가지 Application 경로를 운영함 .

- 재단은 Trust layer의 중립적 관리자 역할을 수행하며, 상업적 파트너들이 그 위에서 서비스를 구축함 .

- 제안서는 Intersect가 관리하며 Sundae Labs가 개발한 Treasury Reserve Smart Contract 및 Project-Specific Smart Contract 프레임워크를 사용함 .

- 5개의 외부 기관으로 구성된 독립 Oversight Committee가 주요 행정 조치를 검증함 .

- 자금은 5M, 2M, 3M ₳로 나누어 지급되며, Milestone-gated 방식으로 승인 시 Front-loaded 되고 M1 및 M2 단계의 관찰 가능한 증거에 따라 지급이 제한됨 .

- 현재 Mainnet에서 운영 중인 Project Swaminathan은 2026년 5월 5일 기준 10,500명의 누적 등록자를 보유하여 확장 기반을 마련했음 .

- 이 프로그램은 Cardano Vision 2030의 5대 핵심 요소에 기여하며, 2030년까지 농부 3M 명, 연간 On-chain transaction 112.5M 건, TVL 900M 달러, 연간 Protocol revenue 16~20M ₳ 달성을 전망함 .

- 재단은 2028년까지 상업적 파트너십과 기관 지원을 통해 Self-sustaining 구조를 갖추어 추가적인 Treasury 지원 없이 운영될 예정임 .

- ■ 주석 *Trust layer: 신뢰를 보장하기 위한 기술적 계층 **Self-sovereign identity: 개인이 자신의 신원 정보를 직접 통제하는 방식 ***AE: 농업 기업가 (Agri-Entrepreneurs) ****On-chain satellite oracle: 위성 데이터를 블록체인 네트워크로 전달하는 시스템 *****Traceability: 제품의 제조 및 유통 과정을 추적할 수 있는 능력 ******Milestone-gated: 특정 단계별 목표 달성 여부에 따라 자금 지급을 결정하는 방식 *******Mainnet: 실제 거래가 이루어지는 독립적인 블록체인 네트워크 ********TVL: 프로토콜에 예치된 총 자산 가치 *********Protocol revenue: 네트워크 운영을 통해 발생하는 수익

동기
- 에이다 농업 신뢰 인프라에 대한 제안 전 세계 약 500M 명의 소농들이 공식적인 신뢰 인프라 외부에 방치되어 대출 기관이나 식품 기업 등의 신뢰를 얻는 데 어려움을 겪고 있음 .

- 현재 농업 공급망의 신뢰 인프라는 파편화되어 있어 각 기관이 정보를 별도로 검증하고 저장함에 따라 중복 비용과 데이터 고립 문제가 발생함 .

- 개별 애플리케이션이 농민 데이터를 단독으로 구축하기에는 비용 부담이 크며, 이는 농업 관련 서비스의 확장을 저해하고 소규모 시범 운영에 머물게 함 .

- 검증된 정보를 여러 애플리케이션이 공유하는 '한 번의 검증, 다회 사용' 원칙을 통해 비용을 분담하고 데이터의 가치를 높일 수 있음 .

- 본 제안은 농업 활동을 검증 가능하고 상호 운용 가능하게 만드는 에이다 기반의 개방형 신뢰 계층 구축을 위한 자금을 요청함 .

- 신젠타 재단 인도는 26,000명 이상의 Agri-Entrepreneurs를 통해 2.6M 명 이상의 농민에게 도달하고 있으며, 이를 수천만 명 규모로 확장할 계획임 .

- 프로젝트 스와미나탄은 현재 에이다 Mainnet에서 운영 중이며, 2026년 5월 기준 10,500명의 농민과 농장이 등록되었고 일일 500건의 등록이 이루어짐 .

- 등록된 농민은 Self-sovereign identity를 부여받고, 농장 등록을 통해 토지 및 작물 세부 사항이 On-chain 기록으로 생성됨 .

- 2026년 초 진행된 시범 단계에서 100%의 블록체인 성공률을 기록했으며, 실시간 패치 적용을 통해 운영 안정성을 입증했음 .

- 본 제안은 검증된 경로를 단일 국가에서 다국가 및 다중 애플리케이션 신뢰 계층으로 확장하는 것을 목표로 함 .

- ■ 주석 *Agri-Entrepreneurs: 농업 분야의 기업가 또는 전문가 **Mainnet: 블록체인 네트워크의 실제 운영 환경 ***Self-sovereign identity: 개인이 자신의 신원 정보를 직접 관리하는 방식 ****On-chain: 블록체인 네트워크상에 기록되는 데이터 *****Interoperable: 서로 다른 시스템 간에 정보를 교환하고 사용할 수 있는 성질

근거
- 에이다 기반 농업 신뢰 계층 구축에 대한 제안 신뢰 계층 아키텍처는 소스 계층, 에이다 기반 신뢰 계층, 애플리케이션 계층의 세 단계로 구성됨 .

- 소스 계층은 농부, 토지 기록, 작물 세부 정보 및 위성 관측 등 시스템에 입력되는 모든 정보를 포함함 .

- 에이다 기반 신뢰 계층은 원시 데이터를 검증 가능한 클레임으로 변환하고 에이다 블록체인에 증거를 기록하며 개인정보를 관리함 .

- 애플리케이션 계층은 API와 자격 증명을 통해 신뢰할 수 있는 정보에 연결되어 농부 온보딩이나 토지 확인 등의 서비스를 제공함 .

- 주요 애플리케이션 경로는 농업 기업가(AE) 인증, 공급망 추적 및 준수, 그리고 금융 및 신용 서비스의 세 가지임 .

- 18개월의 프로그램 기간 동안 인도, 케냐, 캄보디아에서 세 단계의 이정표를 통해 사업이 진행됨 .

- M1 단계에서는 200,000명의 농부를 등록하고 신뢰 계층 아키텍처를 확정하며 거버넌스 체계를 구축함 .

- M2 단계에서는 350,000명의 농부로 확대하고 실제 애플리케이션 운영 및 에이다 스테이블코인을 통한 첫 대출을 실행함 .

- M3 단계에서는 누적 500,000명의 검증된 농부를 확보하고 외부 지원 없이 자립 가능한 운영 성숙도에 도달함 .

- 총 예산은 10M ₳로 설정되었으며, 이정표 달성 여부에 따라 5M, 2M, 3M ₳씩 단계적으로 지급됨 .

- 에이다 가격 변동에 관계없이 10M ₳ 상한선을 유지하며, 미사용 자금이나 초과 수익 발생 시 재무고로 반환함 .

- 이 프로그램은 에이다의 2030 비전에 따라 인프라 확충, 채택 확대, 거버넌스 강화 등 핵심 전략에 기여함 .

- Intersect가 관리자로 참여하여 자금 집행과 이정표 검증을 독립적으로 수행하며 헌법 준수 여부를 감시함 .

- 모든 활동은 온체인 대시보드를 통해 투명하게 공개되며 독립적인 제3자 기관의 감사를 받음 .

- ■ 주석 *AE: 농업 기업가 (Agri-Entrepreneur) **DID: 분산 식별자 (Decentralized Identity) ***EUDR: 유럽연합 삼림벌채 방지 규정 ****TRSC: 재무고 예비 스마트 계약 (Treasury Reserve Smart Contract) *****PSSC: 프로젝트 특정 스마트 계약 (Project-Specific Smart Contract) ******SPO: 스테이크 풀 운영자 (Stake Pool Operator) *******DRep: 위임 대표 (Delegate Representative) ********NDVI: 정규 식생 지수 (위성 기반 작물 상태 지표) *********MFI/DFI: 소액 금융 기관 및 개발 금융 기관

English

Abstract
5am.earth Foundation requests 10,000,000 ADA (hard cap) to build an open, Cardano-anchored trust layer for global agricultural supply chains. The trust layer combines Veridian self-sovereign identity for farmers and Agri-Entrepreneurs (AEs) with a Cardano on-chain satellite oracle delivering verified farm and crop data. The 18-month programme (M1 Stand-Up at Month 6, M2 Closed Loop at Month 12, M3 Self-Sustaining at Month 18) delivers across India, Cambodia, and Kenya, reaching 500,000 registered farmers and operating three named application paths during the funded period: AE certification with Andamio (WP3), traceability and compliance with Zengate Global (WP4), and finance and credit with Seedstars SIGMA (WP5). The Foundation is the neutral steward of the open trust layer; commercial partners build on top of it. The proposal is administered by Intersect on standard terms via the standardized Treasury Reserve Smart Contract / Project-Specific Smart Contract framework developed by Sundae Labs, with an independent Oversight Committee of five external entities verifying key administrative actions. Payment structure: 5,000,000 / 2,000,000 / 3,000,000 ADA, milestone-gated, front-loaded on approval and gated on observable evidence at M1 and M2. Project Swaminathan operates on Cardano Mainnet today with 10,500 cumulative farmer/farm registrations as of 5 May 2026 — providing live operational foundation for the proposed scale-up. The programme contributes meaningfully across all five Cardano Vision 2030 pillars, with 2030 projections of 3 million farmers, 112.5 million annual on-chain transactions, $900 million TVL, and 16–20 million ADA in annual protocol revenue. By 2028, the Foundation is structurally positioned to be self-sustaining through commercial partnerships and institutional backing — not returning to the Treasury for operating costs.
Motivation
Globally, around 500 million smallholder farmers grow much of the world's food, yet remain largely outside the formal trust infrastructure that lenders, food companies, insurers, certifiers, and government programmes rely on. Agricultural supply chains already depend on trust, but the trust infrastructure is fragmented. A lender needs to know whether a farmer exists, what land they farm, what they grow, and whether they have a credible production history. A food company needs to know where supply comes from and whether it meets quality, sustainability, and compliance requirements. An insurer needs to understand farm-level risk. A carbon or biodiversity project needs evidence that a claim is real. A government programme needs to know that benefits are reaching the right farmer. All of these use cases need trusted agricultural information.

Today, each one verifies separately and stores separately. The result is fragmentation: duplicated cost, repeated farmer onboarding, isolated databases, and limited ability for one application to rely on another. A market full of useful projects with no shared foundation underneath them.

The cost of onboarding and verifying farmers and farms can be prohibitive for a single application. A microfinance product, an insurance product, a carbon project, a traceability system, or a certification tool may each need the same farmer and farm data, but none of them can efficiently pay to build full coverage alone. This limits coverage, slows adoption, and keeps many agricultural use cases stuck in narrow pilots instead of reaching the scale where they become economically meaningful.

When many applications can rely on the same verified information, the cost becomes shared and the value of coverage compounds. The principle: verify once, use many times. Each new use case adds value to the same base record. Each new verified record makes more applications possible.

This proposal funds the open, governed, Cardano-anchored trust layer that allows agricultural activity to become verifiable, interoperable, and Cardano-native — without being captured by any single commercial actor.

Distribution scale already exists. Syngenta Foundation India operates Project Swaminathan with 26,000+ Agri-Entrepreneurs (AEs) reaching 2.6M+ farmers, and via the Global AE Academy (co-founded with IFC / The World Bank Group, SAFIA, and Corteva Agriscience) is on path to scale to tens of millions of farmers across emerging markets.

Project Swaminathan is operating on Cardano Mainnet today, providing live foundation for the proposed scale-up. As of 5 May 2026, 10,500 farmers and farms have been registered on Mainnet at 500 registrations per day, across six districts of Amravati, Maharashtra: Achalpur, Anjangaon Surji, Chandurbazar, Daryapur, Morshi, and Katol. Each registered farmer receives a self-sovereign identity; each farm registration creates an on-chain record of verified land and crop details. The pilot phase (January–March 2026) validated 1,056 farms across three phases at a 100% blockchain success rate. A same-day critical patch was deployed during pilot Phase 3 with zero downtime — operational evidence that the field-to-Mainnet pipeline can absorb real-world incidents. Scale-up began 1 April 2026. This proposal scales the proven path from one country into a multi-country, multi-application trust layer.

Rationale
### Trust Layer Architecture

The trust layer is structured in three layers.

The **source layer** is where information enters the system. Sources include Agri-Entrepreneurs (AEs), farmers, farm and land records, crop details, field validation activity, satellite observations, AE training and credential records, and application events such as traceability, credit scoring, repayments, or compliance updates. The source layer is open by design — satellite providers, government records, certification bodies, financial partners, buyers, and future applications can all become sources of trusted agricultural information, provided they meet the trust layer's verification, permission, and governance rules.

The **trust layer on Cardano** turns raw inputs into trusted information. It links farmers, farms, AEs, land records, crop information, satellite observations, credentials, services, and application events into a coherent record. It creates verifiable claims, anchors the necessary proofs or records on Cardano, manages privacy and permissions, and preserves the audit trail applications need.

The **application layer** is how applications use trusted information. Applications do not rebuild farmer onboarding, farm verification, land boundary checks, or AE reputation from scratch. They connect to the trust layer through APIs, credentials, selective disclosure, and application-specific workflows.

The Cardano components for this layer are already implemented and operational, not speculative builds: smart contract architecture and on-chain integration developed by AIQuant and Anastasia Labs (operational on Project Swaminathan today); satellite imagery and remote sensing provided by DigiFarm (12-year crop history, NDVI crop monitoring, land boundary verification); self-sovereign identity using the Veridian DID stack; AE credentials and reputation using Andamio; tokenisation using NMKR. The maturity of these components is what makes the 18-month timeline credible. The work is integration and scaling, not greenfield development.

### Funded-Period Application Paths

During the funded period, 5am.earth focuses on three concrete application paths that demonstrate the multi-application thesis:

**WP3 — AE Certification (Andamio).** Training, certification, and reputation credentials for the Agri-Entrepreneur (AE) network. On-chain linkage between an AE's DID and the farmer DIDs they onboarded, so the human trust layer is visible and auditable alongside the field data. Initial AE cohort credentialed at M1 Stand-Up (2,000 AEs), expanding through M2 and M3 as coverage grows.

**WP4 — Traceability and Compliance (Zengate Global).** EUDR-compliant supply chain workflows, schema-validated compliance records, and anchor-brand pilots. The traceability pilot operates against verified farm-origin information from the trust layer.

**WP5 — Finance and Credit (Seedstars SIGMA).** Three components: AE financial education (operational workflows, financial-readiness tooling, underwriting support); credit scoring based on verified 5am data (longitudinal data collected through AE network and coaching process); loans infrastructure (Cardano-native stablecoin wallet rails for disbursement, on-chain repayment monitoring, SIGMA write-back to trust layer). Treasury funds the rails — verified data, SIGMA integration, lender APIs, wallet/stablecoin rails, on-chain monitoring, write-back — not the loan capital, which comes from partner banks, MFIs, DFIs, DeFi pools. First loans disbursed via Cardano stablecoin rails by M2 Closed Loop (5,000-10,000 farmer cohort). WP5 also delivers open Cardano stablecoin rails for general farmer payments and settlement during the funded period — wallet payments, farmer-to-buyer settlement, and farmer-to-Agri-Entrepreneur transfers — extending the same wallet infrastructure beyond credit to a broader payments and settlement layer.

The same trust layer enables a wider set of future applications — DeFi lending pools; parametric insurance; carbon and biodiversity markets; government subsidy and programme delivery; farmer cooperative governance; broader identity and credential applications — without further infrastructure build. What is required is integration work, not infrastructure replacement.

### Delivery Strategy and Milestones

The 18-month programme delivers across India, Cambodia, and Kenya, gated by three milestones.

**M1 Stand-Up (Month 6).** Foundation operational; 200,000 cumulative farmers registered on Mainnet; Agri-Entrepreneur (AE) credentialing live; trust-layer architecture locked; auditor procurement concluded; legal contract transfer to Foundation prepared. Acceptance is mixed-evidence: on-chain artifacts for activity that is on-chain (registration counts, smart contract deployments, DID issuances), field reports for farmer and AE activity, design documentation for the locked trust-layer architecture, and reports for governance and audit deliverables. The formal gate is operational readiness, not transaction volume.

**M2 Closed Loop (Month 12).** Coverage grows from M1's 200,000 to 350,000 farmers across India, Cambodia, and Kenya. The three named application paths are operating against verified trust-layer records: Andamio is issuing AE training and reputation credentials linked to onboarded farmers; Zengate's traceability and compliance workflows are live for at least one anchor brand; and Seedstars SIGMA is generating credit scores from verified field data with first stablecoin-rail loans disbursed and tracked through on-chain repayment. Initial deployment focuses on input financing and working-capital loans for smallholder farmers. AE credentialing has expanded with the network. Foundation governance is fully operational, with the first independent audit at M2. This is the most important evidentiary point in the programme.

**M3 Self-Sustaining (Month 18).** 500,000 cumulative verified farmers; three application paths operating against verified records; finance activity on Cardano; AE network credentialed; Foundation revenue model active; final independent audit. The combined evidence demonstrates that the trust layer has reached the operating maturity needed to continue expanding without further Treasury support.

### Budget Justification

The Treasury ask is **10,000,000 ADA, hard cap**, structured as a milestone-gated payment schedule: 5,000,000 ADA on approval, 2,000,000 ADA on M1 acceptance, 3,000,000 ADA on M2 acceptance. The 5/2/3 structure front-loads on approval (Foundation stand-up, partner procurement, architecture lock) and gates the remainder on observable evidence at M1 and M2.

The 18-month working budget allocates across seven lines: Farmer Growth (AE programmes), Satellite Data and Extensible Oracle Infrastructure, Info Trust Layer (core build), Cardano dApp Integration, On-Chain Transaction Costs, Foundation Support, and a combined Admin & Audit allocation covering Intersect's standard administration fee and a separately procured independent third-party assurer. More info is in the public PDF referenced below.

The 10,000,000 ADA ask sits well within the ratified 350,000,000 ADA Net Change Limit (approximately 2.86% of the cap). If a surplus arises against the hard cap, the Foundation retains up to $3.5M for scope elasticity; surplus above $3.5M returns to the Treasury.

ADA-price-movement policy: the 10,000,000 ADA cap is hard, with no top-up ask if the price of ADA falls. If the price of ADA rises against USD, surplus above $3.5M returns to Treasury. If the price of ADA falls, we continue managing the programme as we did during the Catalyst Fund 13 project (where the price of ADA dropped by over 50% mid-delivery) — coordinating closely with our project partners and the administrator. The programme is also designed to generate revenue and pursue additional finance opportunities independently of ADA price movement.

### Strategic Alignment with Cardano Vision 2030

The programme contributes meaningfully across all five pillars of Cardano's Vision 2030 strategy:

**Infrastructure.** The trust-layer architecture lock at M1 produces shared infrastructure that consumes the existing Cardano DID stack, satellite oracle path, smart-contract substrate, and tokenisation primitives. The integration patterns are reusable beyond agriculture.

**Adoption & Utility.** Treasury funding supports coverage expansion to 500,000 registered farmers across India, Cambodia, and Kenya. This coverage is the scale at which the trust layer becomes useful enough for commercial partners, finance partners, government programmes, and institutional funders to justify deeper participation.

*Funded-period KPIs (by M3):* 500,000 registered farmers; 2 million on-chain transactions; $2 million in lending disbursed via Cardano stablecoin rails.

*By 2030:* 3 million farmers participating, 112.5 million annual on-chain transactions, $900 million TVL, and 16–20 million ADA in annual protocol revenue.

**Governance.** Foundation legal entity registered at M1; governance operating under the open-trust-layer charter (access, privacy, reporting, auditability, partner participation); independent audit at M2 and M3; public on-chain KPI dashboard; quarterly narrative reports; monthly Cardano Forum updates.

**Community & Ecosystem Growth.** The Foundation enables the wider Cardano ecosystem to plug into the trust layer for additional applications (insurance, carbon, government programmes) without rebuilding the verification base. Each new application strengthens the network effect.

**Ecosystem Sustainability.** By 2028, the Foundation operates on commercial revenue and institutional backing, not Treasury operating costs. The programme funds the establishment phase; the long-term scaling is funded by the ecosystem the trust layer enables.

### Consortium and Execution Capability

The consortium covers every side of the system.

**Field distribution.** Syngenta Foundation India operating Project Swaminathan, with 26,000+ Agri-Entrepreneurs (AEs) reaching 2.6M–2.7M farmers and 400,000–500,000 new farmers added per year. The Global AE Academy (co-founded by IFC / The World Bank Group with SAFIA and Corteva Agriscience) provides the institutional vehicle for scaling the AE model across emerging markets, with a multi-country scale plan targeting 100 million farmers.

**Application paths.** Three named paths: Andamio (AE training, certification, reputation credentials); Zengate Global (traceability, EUDR compliance, buyer workflows); Seedstars SIGMA (AE financial education, credit scoring on verified trust-layer records, Cardano stablecoin-rail loan infrastructure).

**Trust-layer technical cohort.** Cardano-native components locked at M1 procurement: smart contracts and integration (AIQuant); Satellite Oracle (DigiFarm imagery + on-chain attestations); decentralized identity (Veridian DID stack); tokenisation and NFTs (NMKR).

**Commercial and institutional pathways.** Elk GMBH; Syngenta Corporation; the Global AE Academy; government engagement (Maharashtra State; expansion conversations in Cambodia and Kenya); development finance conversations with IFC, UNDP, WFP.

**Project coordination.** HashPoint Consulting Sarl (Swiss-based) handles technical integration and project coordination.

**Foundation stewardship.** The 5am.earth Foundation is the neutral steward of the open trust layer. Foundation co-promoters are Elk GMBH and HashPoint Consulting (both Swiss-based) until the 5am.earth Foundation is legally registered at M1.

### Governance Separation: Intersect as Administrator

5am.earth's delivery role is structurally separated from Intersect's administrative role. Intersect, on its standard terms, executes the framework actions: initiates withdrawals, deploys vendor smart contracts, coordinates milestone verification with the independent Oversight Committee, and pauses or releases funds against milestone evidence. 5am.earth delivers; Intersect administers; an independent Oversight Committee verifies. This separation is the architectural reason the proposal is constitutionally compliant under Article II §7.5 and operationally credible.

### Treasury Governance & Compliance

#### Contract Management

A written off-chain Legal Contract will be created between Elk GMBH and HashPoint Consulting — as pre-Foundation co-promoters of the 5am.earth Foundation — and the Cardano Development Holdings (CDH), as mandated by the Constitution, and will be administered by Intersect. The contract will be transferred from the pre-Foundation co-promoters to the 5am.earth Foundation upon its registration at M1. This will include details of the project delivery schedule and dispute resolution.

##### Project Delivery

All milestones, acceptance criteria, payment amounts and expected delivery dates will be agreed between the 5am.earth Foundation (and its pre-Foundation co-promoters Elk GMBH and HashPoint Consulting until M1) and Intersect, acting on behalf of the CDH. Acceptance of the work will be supported by a 3rd Party Assurer, who will be responsible for reviewing and signing off the work completed at each project milestone against the corresponding milestone deliverables detailed within the Legal Contract. This work is funded from a portion of this treasury withdrawal.

#### Auditable Accounts & Fund Delegation

##### Budget Management Tooling

To administrate treasury funds on-chain, Intersect uses the treasury management smart contract framework developed by Sundae Labs. The smart contracts have been extensively tested including audits from TxPipe and MLabs. Final mainnet validation test can be seen via the Disburse action within transaction `0f591dc544ae14102dbb4a74d5311a6acffc1772b163d8b7a9656b9525950b17`. This withdrawal utilises Intersect's 2025 treasury reserve contract `stake17xzc8pt7fgf0lc0x7eq6z7z6puhsxmzktna7dluahrj6g6ghh5qjr`; funds will later be migrated to a 2026 treasury reserve contract once established.

##### Budget Management Specifics

Intersect uses a single Treasury Reserve Smart Contract (TRSC), with many Project-Specific Smart Contracts (PSSC), managed by Intersect. Intersect's management consists of three 'admin' and two 'leadership' roles. An Oversight Committee of five external, independent third-party entities (Sundae Labs, Cardano Foundation, Dquadrant, Xerberus, NMKR) provides checks and balances on Intersect and safeguards against errors and unilateral control.

High-level permissions: TRSC Fund and PSSC Modify requires two of three admins, two of five trusted entities, and one of two leadership signatures; TRSC Disperse requires two admins, three of five trusted entities, and two leadership signatures; TRSC Pause and Resume requires two admins and one leadership signature; TRSC Sweep requires one admin and one leadership signature; TRSC Reorganize requires two admins and three of five trusted entities.

##### Processes

Upon enactment, funding for this project is directed into the TRSC's stake account. All instances of TRSC and PSSC cannot be staked with an SPO and are delegated to the auto-abstain predefined DRep. When the Legal Contract is prepared and the 5am.earth Foundation (or its pre-Foundation co-promoters) is ready, funding is transferred via the Fund action to a PSSC. All milestones are outlined within the metadata. A public dashboard tracks the TRSC and PSSC activity, immutably verifiable on-chain.

### Risk Management Posture

Programme risks are organised into five dimensions: **Delivery & Coverage** (mitigated by mixed-evidence acceptance, multi-country diversification, M1 architecture lock); **Partner & Procurement** (mitigated by named co-promoters, signed application-partner engagements, M1 procurement lock); **Application & Adoption** (mitigated by three named pilots, brand-funded AE expansion, demand pre-existing the infrastructure); **Technical & Infrastructure** (mitigated by component maturity, formal verification, independent audit at M2 and M3); **External & Market** (mitigated by ADA-price-movement policy, country-level diversification, hard cap on Treasury ask).

### Community Engagement Commitments

The Foundation's operational discipline includes public milestone reports at M1, M2, and M3; independent audit reports at M2 and M3; a public on-chain KPI dashboard refreshed monthly (registered farm count, AE credential issuance, on-chain transaction volume, milestone TX hashes, custody address balance — public, real-time, no gating); quarterly narrative reports to Intersect; monthly Cardano Forum updates; and quarterly dRep-facing reports throughout the funded period.

### Constitutional Compliance Posture

The proposal meets each requirement of the Cardano Constitution effective 24 January 2025:

- **Article II §3(2)** — Overlapping role disclosure. Zengate Global, one of the consortium-named entities, operates an active Stake Pool on Cardano. This is disclosed in line with §3(2); no §3(2) voting conflict arises because Treasury Withdrawal Actions under Article II §7 do not extend voting rights to SPOs. No other consortium-named entity (5am.earth Foundation, Elk GMBH, HashPoint Consulting, Andamio, Seedstars, Syngenta Foundation India) holds an active DRep, SPO, or Constitutional Committee role.
- **Article II §6** — Immutable off-chain document. The signed CIP-100/108 anchor metadata is pinned to IPFS — its CID is the on-chain anchor and provides the immutable reference. The metadata embeds the blake2b-256 hash of the proposal PDF.
- **Article II §7.1** — Refund circumstances. Treasury ADA returns in five circumstances: unspent ADA at programme end; material milestone failure; fraud; scope abandonment; and ADA appreciation surplus in excess of the $3.5M scope-elasticity threshold.
- **Article II §7.2** — 24-month prior-receipt disclosure. Neither the 5am.earth Foundation nor any consortium-named entity has received ADA from the Cardano Treasury through Treasury Withdrawal Actions under Article II §7 in the prior 24 months. All consortium-named entities have, however, received funding through Project Catalyst — including the Catalyst Fund 13 grant for Project Swaminathan (project ID 1300178), the initial baseline work that led to the scale opportunity through this proposal.
- **Article II §7.3** — Within Net Change Limit. The 10,000,000 ADA ask sits well within the ratified 350,000,000 ADA Net Change Limit (approximately 2.86% of the cap).
- **Article II §7.4** — Audit allocation. A combined Admin & Audit allocation is included in the budget, covering Intersect's standard administration fee and a separately procured independent third-party assurer (selected through competitive procurement at M1, with audit reviews at M2 and M3).
- **Article II §7.5** — Named administrator. Intersect is the named administrator on its standard terms, via the standardized Treasury Reserve Contract / Project-Specific Smart Contract framework developed by Sundae Labs.
- **Article II §7.6** — Custody plan. Funds withdrawn under this TWA are held on-chain via the TRSC and PSSCs. The contracts cannot be staked with an SPO and are delegated to the auto-abstain predefined DRep.

### Refund Conditions

All funds not disbursed by the end of the delivery period will be returned to the Cardano Treasury. A final reconciliation will be published as part of the oversight reporting cycle. In the event of partial delivery or scope reduction, unspent funds associated with cancelled or reduced deliverables will be returned proportionally.

### Audit & Oversight

Audit and oversight costs are included within the overhead applied to this proposal. The Intersect administration fee covers administrative oversight and is reflected within the cost of this proposal. Independent oversight is provided through Intersect and a competitively procured third-party assurer (selected at M1), including reporting obligations and milestone-based disbursement controls.

### Standardized Format & Immutable Hosting

The signed CIP-100/108 anchor metadata is pinned to IPFS as the immutable on-chain reference. The proposal PDF is hosted at a stable, publicly accessible URL with its blake2b-256 hash embedded inside the IPFS-pinned metadata, so any served PDF can be byte-verified against the immutable hash record.

부가 정보

트랜잭션 해시aaa6d9ccb72639c77db46b73bec2eaff9e5fcdfa04909cf1a0f7855a4d31485a
블록 타임1779373403
Proposal IDgov_action142ndnn9hycuuwld5ddemash2l709ln06qjgfeudq77z45nf3fpdqqn7pwux
Proposal Index0

5am.earth 비전 2030 KPI를 목표로 하는 신뢰 계층에 대한 제안

#164
TreasuryWithdrawals
632 ~ 639
진행중
투표 판단 요약

현재 어디까지 왔나

진행중
투표기간 632 ~ 639
제안유형 TreasuryWithdrawals
제안번호 #164
DRep 33.37% 찬성
찬성 56표 · 1,687.09M 반대 64표 · 3,368.56M 기권 16표
SPO 0% 찬성
찬성 0표 · 0.00M 반대 0표 · 0.00M 기권 0표
위원회 62.5% 찬성
찬성 5표 반대 0표 기권 0표

📊 제안서 투표현황

DRep 33.37% 찬성 1,687.09M
SPO 0% 찬성 0.00M
위원회 62.5% 찬성 5표

DRep 투표현황

찬성 1,687.09M 반대 3,368.56M
33.37%
66.63%
찬성 56표 / 1,687.09M
반대 64표 / 3,368.56M
기권 16표 / 9,830.37M

SPO 투표현황

찬성 0.00M 반대 0.00M
0%
0%
찬성 0표 / 0.00M
반대 0표 / 0.00M
기권 0표 / 0.00M

헌법위원회 투표현황

찬성 5 반대 0
62.5%
37.5%
찬성 5표
반대 0표
기권 0표

📝 상세 설명

🇰🇷 한글 버전

요약
- 에이다 농업 신뢰 구축에 대한 제안 5am.earth 재단은 글로벌 농업 공급망을 위한 에이다 기반의 개방형 Trust layer 구축을 위해 10M ₳(Hard cap)를 요청했음 .

- 이 Trust layer는 농부와 AE를 위한 Veridian Self-sovereign identity와 검증된 농장 및 작물 데이터를 제공하는 에이다 On-chain satellite oracle을 결합함 .

- 18개월간 진행되는 이 프로그램은 인도, 캄보디아, 케냐에서 500,000명의 등록 농부를 확보하는 것을 목표로 함 .

- M1(6개월 차), M2(12개월 차), M3(18개월 차) 단계를 거치며 Andamio를 통한 AE certification, Zengate Global을 통한 Traceability 및 Compliance, Seedstars SIGMA를 통한 Finance 및 Credit 등 세 가지 Application 경로를 운영함 .

- 재단은 Trust layer의 중립적 관리자 역할을 수행하며, 상업적 파트너들이 그 위에서 서비스를 구축함 .

- 제안서는 Intersect가 관리하며 Sundae Labs가 개발한 Treasury Reserve Smart Contract 및 Project-Specific Smart Contract 프레임워크를 사용함 .

- 5개의 외부 기관으로 구성된 독립 Oversight Committee가 주요 행정 조치를 검증함 .

- 자금은 5M, 2M, 3M ₳로 나누어 지급되며, Milestone-gated 방식으로 승인 시 Front-loaded 되고 M1 및 M2 단계의 관찰 가능한 증거에 따라 지급이 제한됨 .

- 현재 Mainnet에서 운영 중인 Project Swaminathan은 2026년 5월 5일 기준 10,500명의 누적 등록자를 보유하여 확장 기반을 마련했음 .

- 이 프로그램은 Cardano Vision 2030의 5대 핵심 요소에 기여하며, 2030년까지 농부 3M 명, 연간 On-chain transaction 112.5M 건, TVL 900M 달러, 연간 Protocol revenue 16~20M ₳ 달성을 전망함 .

- 재단은 2028년까지 상업적 파트너십과 기관 지원을 통해 Self-sustaining 구조를 갖추어 추가적인 Treasury 지원 없이 운영될 예정임 .

- ■ 주석 *Trust layer: 신뢰를 보장하기 위한 기술적 계층 **Self-sovereign identity: 개인이 자신의 신원 정보를 직접 통제하는 방식 ***AE: 농업 기업가 (Agri-Entrepreneurs) ****On-chain satellite oracle: 위성 데이터를 블록체인 네트워크로 전달하는 시스템 *****Traceability: 제품의 제조 및 유통 과정을 추적할 수 있는 능력 ******Milestone-gated: 특정 단계별 목표 달성 여부에 따라 자금 지급을 결정하는 방식 *******Mainnet: 실제 거래가 이루어지는 독립적인 블록체인 네트워크 ********TVL: 프로토콜에 예치된 총 자산 가치 *********Protocol revenue: 네트워크 운영을 통해 발생하는 수익

동기
- 에이다 농업 신뢰 인프라에 대한 제안 전 세계 약 500M 명의 소농들이 공식적인 신뢰 인프라 외부에 방치되어 대출 기관이나 식품 기업 등의 신뢰를 얻는 데 어려움을 겪고 있음 .

- 현재 농업 공급망의 신뢰 인프라는 파편화되어 있어 각 기관이 정보를 별도로 검증하고 저장함에 따라 중복 비용과 데이터 고립 문제가 발생함 .

- 개별 애플리케이션이 농민 데이터를 단독으로 구축하기에는 비용 부담이 크며, 이는 농업 관련 서비스의 확장을 저해하고 소규모 시범 운영에 머물게 함 .

- 검증된 정보를 여러 애플리케이션이 공유하는 '한 번의 검증, 다회 사용' 원칙을 통해 비용을 분담하고 데이터의 가치를 높일 수 있음 .

- 본 제안은 농업 활동을 검증 가능하고 상호 운용 가능하게 만드는 에이다 기반의 개방형 신뢰 계층 구축을 위한 자금을 요청함 .

- 신젠타 재단 인도는 26,000명 이상의 Agri-Entrepreneurs를 통해 2.6M 명 이상의 농민에게 도달하고 있으며, 이를 수천만 명 규모로 확장할 계획임 .

- 프로젝트 스와미나탄은 현재 에이다 Mainnet에서 운영 중이며, 2026년 5월 기준 10,500명의 농민과 농장이 등록되었고 일일 500건의 등록이 이루어짐 .

- 등록된 농민은 Self-sovereign identity를 부여받고, 농장 등록을 통해 토지 및 작물 세부 사항이 On-chain 기록으로 생성됨 .

- 2026년 초 진행된 시범 단계에서 100%의 블록체인 성공률을 기록했으며, 실시간 패치 적용을 통해 운영 안정성을 입증했음 .

- 본 제안은 검증된 경로를 단일 국가에서 다국가 및 다중 애플리케이션 신뢰 계층으로 확장하는 것을 목표로 함 .

- ■ 주석 *Agri-Entrepreneurs: 농업 분야의 기업가 또는 전문가 **Mainnet: 블록체인 네트워크의 실제 운영 환경 ***Self-sovereign identity: 개인이 자신의 신원 정보를 직접 관리하는 방식 ****On-chain: 블록체인 네트워크상에 기록되는 데이터 *****Interoperable: 서로 다른 시스템 간에 정보를 교환하고 사용할 수 있는 성질

근거
- 에이다 기반 농업 신뢰 계층 구축에 대한 제안 신뢰 계층 아키텍처는 소스 계층, 에이다 기반 신뢰 계층, 애플리케이션 계층의 세 단계로 구성됨 .

- 소스 계층은 농부, 토지 기록, 작물 세부 정보 및 위성 관측 등 시스템에 입력되는 모든 정보를 포함함 .

- 에이다 기반 신뢰 계층은 원시 데이터를 검증 가능한 클레임으로 변환하고 에이다 블록체인에 증거를 기록하며 개인정보를 관리함 .

- 애플리케이션 계층은 API와 자격 증명을 통해 신뢰할 수 있는 정보에 연결되어 농부 온보딩이나 토지 확인 등의 서비스를 제공함 .

- 주요 애플리케이션 경로는 농업 기업가(AE) 인증, 공급망 추적 및 준수, 그리고 금융 및 신용 서비스의 세 가지임 .

- 18개월의 프로그램 기간 동안 인도, 케냐, 캄보디아에서 세 단계의 이정표를 통해 사업이 진행됨 .

- M1 단계에서는 200,000명의 농부를 등록하고 신뢰 계층 아키텍처를 확정하며 거버넌스 체계를 구축함 .

- M2 단계에서는 350,000명의 농부로 확대하고 실제 애플리케이션 운영 및 에이다 스테이블코인을 통한 첫 대출을 실행함 .

- M3 단계에서는 누적 500,000명의 검증된 농부를 확보하고 외부 지원 없이 자립 가능한 운영 성숙도에 도달함 .

- 총 예산은 10M ₳로 설정되었으며, 이정표 달성 여부에 따라 5M, 2M, 3M ₳씩 단계적으로 지급됨 .

- 에이다 가격 변동에 관계없이 10M ₳ 상한선을 유지하며, 미사용 자금이나 초과 수익 발생 시 재무고로 반환함 .

- 이 프로그램은 에이다의 2030 비전에 따라 인프라 확충, 채택 확대, 거버넌스 강화 등 핵심 전략에 기여함 .

- Intersect가 관리자로 참여하여 자금 집행과 이정표 검증을 독립적으로 수행하며 헌법 준수 여부를 감시함 .

- 모든 활동은 온체인 대시보드를 통해 투명하게 공개되며 독립적인 제3자 기관의 감사를 받음 .

- ■ 주석 *AE: 농업 기업가 (Agri-Entrepreneur) **DID: 분산 식별자 (Decentralized Identity) ***EUDR: 유럽연합 삼림벌채 방지 규정 ****TRSC: 재무고 예비 스마트 계약 (Treasury Reserve Smart Contract) *****PSSC: 프로젝트 특정 스마트 계약 (Project-Specific Smart Contract) ******SPO: 스테이크 풀 운영자 (Stake Pool Operator) *******DRep: 위임 대표 (Delegate Representative) ********NDVI: 정규 식생 지수 (위성 기반 작물 상태 지표) *********MFI/DFI: 소액 금융 기관 및 개발 금융 기관

🇺🇸 English

Abstract
5am.earth Foundation requests 10,000,000 ADA (hard cap) to build an open, Cardano-anchored trust layer for global agricultural supply chains. The trust layer combines Veridian self-sovereign identity for farmers and Agri-Entrepreneurs (AEs) with a Cardano on-chain satellite oracle delivering verified farm and crop data. The 18-month programme (M1 Stand-Up at Month 6, M2 Closed Loop at Month 12, M3 Self-Sustaining at Month 18) delivers across India, Cambodia, and Kenya, reaching 500,000 registered farmers and operating three named application paths during the funded period: AE certification with Andamio (WP3), traceability and compliance with Zengate Global (WP4), and finance and credit with Seedstars SIGMA (WP5). The Foundation is the neutral steward of the open trust layer; commercial partners build on top of it. The proposal is administered by Intersect on standard terms via the standardized Treasury Reserve Smart Contract / Project-Specific Smart Contract framework developed by Sundae Labs, with an independent Oversight Committee of five external entities verifying key administrative actions. Payment structure: 5,000,000 / 2,000,000 / 3,000,000 ADA, milestone-gated, front-loaded on approval and gated on observable evidence at M1 and M2. Project Swaminathan operates on Cardano Mainnet today with 10,500 cumulative farmer/farm registrations as of 5 May 2026 — providing live operational foundation for the proposed scale-up. The programme contributes meaningfully across all five Cardano Vision 2030 pillars, with 2030 projections of 3 million farmers, 112.5 million annual on-chain transactions, $900 million TVL, and 16–20 million ADA in annual protocol revenue. By 2028, the Foundation is structurally positioned to be self-sustaining through commercial partnerships and institutional backing — not returning to the Treasury for operating costs.
Motivation
Globally, around 500 million smallholder farmers grow much of the world's food, yet remain largely outside the formal trust infrastructure that lenders, food companies, insurers, certifiers, and government programmes rely on. Agricultural supply chains already depend on trust, but the trust infrastructure is fragmented. A lender needs to know whether a farmer exists, what land they farm, what they grow, and whether they have a credible production history. A food company needs to know where supply comes from and whether it meets quality, sustainability, and compliance requirements. An insurer needs to understand farm-level risk. A carbon or biodiversity project needs evidence that a claim is real. A government programme needs to know that benefits are reaching the right farmer. All of these use cases need trusted agricultural information.

Today, each one verifies separately and stores separately. The result is fragmentation: duplicated cost, repeated farmer onboarding, isolated databases, and limited ability for one application to rely on another. A market full of useful projects with no shared foundation underneath them.

The cost of onboarding and verifying farmers and farms can be prohibitive for a single application. A microfinance product, an insurance product, a carbon project, a traceability system, or a certification tool may each need the same farmer and farm data, but none of them can efficiently pay to build full coverage alone. This limits coverage, slows adoption, and keeps many agricultural use cases stuck in narrow pilots instead of reaching the scale where they become economically meaningful.

When many applications can rely on the same verified information, the cost becomes shared and the value of coverage compounds. The principle: verify once, use many times. Each new use case adds value to the same base record. Each new verified record makes more applications possible.

This proposal funds the open, governed, Cardano-anchored trust layer that allows agricultural activity to become verifiable, interoperable, and Cardano-native — without being captured by any single commercial actor.

Distribution scale already exists. Syngenta Foundation India operates Project Swaminathan with 26,000+ Agri-Entrepreneurs (AEs) reaching 2.6M+ farmers, and via the Global AE Academy (co-founded with IFC / The World Bank Group, SAFIA, and Corteva Agriscience) is on path to scale to tens of millions of farmers across emerging markets.

Project Swaminathan is operating on Cardano Mainnet today, providing live foundation for the proposed scale-up. As of 5 May 2026, 10,500 farmers and farms have been registered on Mainnet at 500 registrations per day, across six districts of Amravati, Maharashtra: Achalpur, Anjangaon Surji, Chandurbazar, Daryapur, Morshi, and Katol. Each registered farmer receives a self-sovereign identity; each farm registration creates an on-chain record of verified land and crop details. The pilot phase (January–March 2026) validated 1,056 farms across three phases at a 100% blockchain success rate. A same-day critical patch was deployed during pilot Phase 3 with zero downtime — operational evidence that the field-to-Mainnet pipeline can absorb real-world incidents. Scale-up began 1 April 2026. This proposal scales the proven path from one country into a multi-country, multi-application trust layer.

Rationale
### Trust Layer Architecture

The trust layer is structured in three layers.

The **source layer** is where information enters the system. Sources include Agri-Entrepreneurs (AEs), farmers, farm and land records, crop details, field validation activity, satellite observations, AE training and credential records, and application events such as traceability, credit scoring, repayments, or compliance updates. The source layer is open by design — satellite providers, government records, certification bodies, financial partners, buyers, and future applications can all become sources of trusted agricultural information, provided they meet the trust layer's verification, permission, and governance rules.

The **trust layer on Cardano** turns raw inputs into trusted information. It links farmers, farms, AEs, land records, crop information, satellite observations, credentials, services, and application events into a coherent record. It creates verifiable claims, anchors the necessary proofs or records on Cardano, manages privacy and permissions, and preserves the audit trail applications need.

The **application layer** is how applications use trusted information. Applications do not rebuild farmer onboarding, farm verification, land boundary checks, or AE reputation from scratch. They connect to the trust layer through APIs, credentials, selective disclosure, and application-specific workflows.

The Cardano components for this layer are already implemented and operational, not speculative builds: smart contract architecture and on-chain integration developed by AIQuant and Anastasia Labs (operational on Project Swaminathan today); satellite imagery and remote sensing provided by DigiFarm (12-year crop history, NDVI crop monitoring, land boundary verification); self-sovereign identity using the Veridian DID stack; AE credentials and reputation using Andamio; tokenisation using NMKR. The maturity of these components is what makes the 18-month timeline credible. The work is integration and scaling, not greenfield development.

### Funded-Period Application Paths

During the funded period, 5am.earth focuses on three concrete application paths that demonstrate the multi-application thesis:

**WP3 — AE Certification (Andamio).** Training, certification, and reputation credentials for the Agri-Entrepreneur (AE) network. On-chain linkage between an AE's DID and the farmer DIDs they onboarded, so the human trust layer is visible and auditable alongside the field data. Initial AE cohort credentialed at M1 Stand-Up (2,000 AEs), expanding through M2 and M3 as coverage grows.

**WP4 — Traceability and Compliance (Zengate Global).** EUDR-compliant supply chain workflows, schema-validated compliance records, and anchor-brand pilots. The traceability pilot operates against verified farm-origin information from the trust layer.

**WP5 — Finance and Credit (Seedstars SIGMA).** Three components: AE financial education (operational workflows, financial-readiness tooling, underwriting support); credit scoring based on verified 5am data (longitudinal data collected through AE network and coaching process); loans infrastructure (Cardano-native stablecoin wallet rails for disbursement, on-chain repayment monitoring, SIGMA write-back to trust layer). Treasury funds the rails — verified data, SIGMA integration, lender APIs, wallet/stablecoin rails, on-chain monitoring, write-back — not the loan capital, which comes from partner banks, MFIs, DFIs, DeFi pools. First loans disbursed via Cardano stablecoin rails by M2 Closed Loop (5,000-10,000 farmer cohort). WP5 also delivers open Cardano stablecoin rails for general farmer payments and settlement during the funded period — wallet payments, farmer-to-buyer settlement, and farmer-to-Agri-Entrepreneur transfers — extending the same wallet infrastructure beyond credit to a broader payments and settlement layer.

The same trust layer enables a wider set of future applications — DeFi lending pools; parametric insurance; carbon and biodiversity markets; government subsidy and programme delivery; farmer cooperative governance; broader identity and credential applications — without further infrastructure build. What is required is integration work, not infrastructure replacement.

### Delivery Strategy and Milestones

The 18-month programme delivers across India, Cambodia, and Kenya, gated by three milestones.

**M1 Stand-Up (Month 6).** Foundation operational; 200,000 cumulative farmers registered on Mainnet; Agri-Entrepreneur (AE) credentialing live; trust-layer architecture locked; auditor procurement concluded; legal contract transfer to Foundation prepared. Acceptance is mixed-evidence: on-chain artifacts for activity that is on-chain (registration counts, smart contract deployments, DID issuances), field reports for farmer and AE activity, design documentation for the locked trust-layer architecture, and reports for governance and audit deliverables. The formal gate is operational readiness, not transaction volume.

**M2 Closed Loop (Month 12).** Coverage grows from M1's 200,000 to 350,000 farmers across India, Cambodia, and Kenya. The three named application paths are operating against verified trust-layer records: Andamio is issuing AE training and reputation credentials linked to onboarded farmers; Zengate's traceability and compliance workflows are live for at least one anchor brand; and Seedstars SIGMA is generating credit scores from verified field data with first stablecoin-rail loans disbursed and tracked through on-chain repayment. Initial deployment focuses on input financing and working-capital loans for smallholder farmers. AE credentialing has expanded with the network. Foundation governance is fully operational, with the first independent audit at M2. This is the most important evidentiary point in the programme.

**M3 Self-Sustaining (Month 18).** 500,000 cumulative verified farmers; three application paths operating against verified records; finance activity on Cardano; AE network credentialed; Foundation revenue model active; final independent audit. The combined evidence demonstrates that the trust layer has reached the operating maturity needed to continue expanding without further Treasury support.

### Budget Justification

The Treasury ask is **10,000,000 ADA, hard cap**, structured as a milestone-gated payment schedule: 5,000,000 ADA on approval, 2,000,000 ADA on M1 acceptance, 3,000,000 ADA on M2 acceptance. The 5/2/3 structure front-loads on approval (Foundation stand-up, partner procurement, architecture lock) and gates the remainder on observable evidence at M1 and M2.

The 18-month working budget allocates across seven lines: Farmer Growth (AE programmes), Satellite Data and Extensible Oracle Infrastructure, Info Trust Layer (core build), Cardano dApp Integration, On-Chain Transaction Costs, Foundation Support, and a combined Admin & Audit allocation covering Intersect's standard administration fee and a separately procured independent third-party assurer. More info is in the public PDF referenced below.

The 10,000,000 ADA ask sits well within the ratified 350,000,000 ADA Net Change Limit (approximately 2.86% of the cap). If a surplus arises against the hard cap, the Foundation retains up to $3.5M for scope elasticity; surplus above $3.5M returns to the Treasury.

ADA-price-movement policy: the 10,000,000 ADA cap is hard, with no top-up ask if the price of ADA falls. If the price of ADA rises against USD, surplus above $3.5M returns to Treasury. If the price of ADA falls, we continue managing the programme as we did during the Catalyst Fund 13 project (where the price of ADA dropped by over 50% mid-delivery) — coordinating closely with our project partners and the administrator. The programme is also designed to generate revenue and pursue additional finance opportunities independently of ADA price movement.

### Strategic Alignment with Cardano Vision 2030

The programme contributes meaningfully across all five pillars of Cardano's Vision 2030 strategy:

**Infrastructure.** The trust-layer architecture lock at M1 produces shared infrastructure that consumes the existing Cardano DID stack, satellite oracle path, smart-contract substrate, and tokenisation primitives. The integration patterns are reusable beyond agriculture.

**Adoption & Utility.** Treasury funding supports coverage expansion to 500,000 registered farmers across India, Cambodia, and Kenya. This coverage is the scale at which the trust layer becomes useful enough for commercial partners, finance partners, government programmes, and institutional funders to justify deeper participation.

*Funded-period KPIs (by M3):* 500,000 registered farmers; 2 million on-chain transactions; $2 million in lending disbursed via Cardano stablecoin rails.

*By 2030:* 3 million farmers participating, 112.5 million annual on-chain transactions, $900 million TVL, and 16–20 million ADA in annual protocol revenue.

**Governance.** Foundation legal entity registered at M1; governance operating under the open-trust-layer charter (access, privacy, reporting, auditability, partner participation); independent audit at M2 and M3; public on-chain KPI dashboard; quarterly narrative reports; monthly Cardano Forum updates.

**Community & Ecosystem Growth.** The Foundation enables the wider Cardano ecosystem to plug into the trust layer for additional applications (insurance, carbon, government programmes) without rebuilding the verification base. Each new application strengthens the network effect.

**Ecosystem Sustainability.** By 2028, the Foundation operates on commercial revenue and institutional backing, not Treasury operating costs. The programme funds the establishment phase; the long-term scaling is funded by the ecosystem the trust layer enables.

### Consortium and Execution Capability

The consortium covers every side of the system.

**Field distribution.** Syngenta Foundation India operating Project Swaminathan, with 26,000+ Agri-Entrepreneurs (AEs) reaching 2.6M–2.7M farmers and 400,000–500,000 new farmers added per year. The Global AE Academy (co-founded by IFC / The World Bank Group with SAFIA and Corteva Agriscience) provides the institutional vehicle for scaling the AE model across emerging markets, with a multi-country scale plan targeting 100 million farmers.

**Application paths.** Three named paths: Andamio (AE training, certification, reputation credentials); Zengate Global (traceability, EUDR compliance, buyer workflows); Seedstars SIGMA (AE financial education, credit scoring on verified trust-layer records, Cardano stablecoin-rail loan infrastructure).

**Trust-layer technical cohort.** Cardano-native components locked at M1 procurement: smart contracts and integration (AIQuant); Satellite Oracle (DigiFarm imagery + on-chain attestations); decentralized identity (Veridian DID stack); tokenisation and NFTs (NMKR).

**Commercial and institutional pathways.** Elk GMBH; Syngenta Corporation; the Global AE Academy; government engagement (Maharashtra State; expansion conversations in Cambodia and Kenya); development finance conversations with IFC, UNDP, WFP.

**Project coordination.** HashPoint Consulting Sarl (Swiss-based) handles technical integration and project coordination.

**Foundation stewardship.** The 5am.earth Foundation is the neutral steward of the open trust layer. Foundation co-promoters are Elk GMBH and HashPoint Consulting (both Swiss-based) until the 5am.earth Foundation is legally registered at M1.

### Governance Separation: Intersect as Administrator

5am.earth's delivery role is structurally separated from Intersect's administrative role. Intersect, on its standard terms, executes the framework actions: initiates withdrawals, deploys vendor smart contracts, coordinates milestone verification with the independent Oversight Committee, and pauses or releases funds against milestone evidence. 5am.earth delivers; Intersect administers; an independent Oversight Committee verifies. This separation is the architectural reason the proposal is constitutionally compliant under Article II §7.5 and operationally credible.

### Treasury Governance & Compliance

#### Contract Management

A written off-chain Legal Contract will be created between Elk GMBH and HashPoint Consulting — as pre-Foundation co-promoters of the 5am.earth Foundation — and the Cardano Development Holdings (CDH), as mandated by the Constitution, and will be administered by Intersect. The contract will be transferred from the pre-Foundation co-promoters to the 5am.earth Foundation upon its registration at M1. This will include details of the project delivery schedule and dispute resolution.

##### Project Delivery

All milestones, acceptance criteria, payment amounts and expected delivery dates will be agreed between the 5am.earth Foundation (and its pre-Foundation co-promoters Elk GMBH and HashPoint Consulting until M1) and Intersect, acting on behalf of the CDH. Acceptance of the work will be supported by a 3rd Party Assurer, who will be responsible for reviewing and signing off the work completed at each project milestone against the corresponding milestone deliverables detailed within the Legal Contract. This work is funded from a portion of this treasury withdrawal.

#### Auditable Accounts & Fund Delegation

##### Budget Management Tooling

To administrate treasury funds on-chain, Intersect uses the treasury management smart contract framework developed by Sundae Labs. The smart contracts have been extensively tested including audits from TxPipe and MLabs. Final mainnet validation test can be seen via the Disburse action within transaction `0f591dc544ae14102dbb4a74d5311a6acffc1772b163d8b7a9656b9525950b17`. This withdrawal utilises Intersect's 2025 treasury reserve contract `stake17xzc8pt7fgf0lc0x7eq6z7z6puhsxmzktna7dluahrj6g6ghh5qjr`; funds will later be migrated to a 2026 treasury reserve contract once established.

##### Budget Management Specifics

Intersect uses a single Treasury Reserve Smart Contract (TRSC), with many Project-Specific Smart Contracts (PSSC), managed by Intersect. Intersect's management consists of three 'admin' and two 'leadership' roles. An Oversight Committee of five external, independent third-party entities (Sundae Labs, Cardano Foundation, Dquadrant, Xerberus, NMKR) provides checks and balances on Intersect and safeguards against errors and unilateral control.

High-level permissions: TRSC Fund and PSSC Modify requires two of three admins, two of five trusted entities, and one of two leadership signatures; TRSC Disperse requires two admins, three of five trusted entities, and two leadership signatures; TRSC Pause and Resume requires two admins and one leadership signature; TRSC Sweep requires one admin and one leadership signature; TRSC Reorganize requires two admins and three of five trusted entities.

##### Processes

Upon enactment, funding for this project is directed into the TRSC's stake account. All instances of TRSC and PSSC cannot be staked with an SPO and are delegated to the auto-abstain predefined DRep. When the Legal Contract is prepared and the 5am.earth Foundation (or its pre-Foundation co-promoters) is ready, funding is transferred via the Fund action to a PSSC. All milestones are outlined within the metadata. A public dashboard tracks the TRSC and PSSC activity, immutably verifiable on-chain.

### Risk Management Posture

Programme risks are organised into five dimensions: **Delivery & Coverage** (mitigated by mixed-evidence acceptance, multi-country diversification, M1 architecture lock); **Partner & Procurement** (mitigated by named co-promoters, signed application-partner engagements, M1 procurement lock); **Application & Adoption** (mitigated by three named pilots, brand-funded AE expansion, demand pre-existing the infrastructure); **Technical & Infrastructure** (mitigated by component maturity, formal verification, independent audit at M2 and M3); **External & Market** (mitigated by ADA-price-movement policy, country-level diversification, hard cap on Treasury ask).

### Community Engagement Commitments

The Foundation's operational discipline includes public milestone reports at M1, M2, and M3; independent audit reports at M2 and M3; a public on-chain KPI dashboard refreshed monthly (registered farm count, AE credential issuance, on-chain transaction volume, milestone TX hashes, custody address balance — public, real-time, no gating); quarterly narrative reports to Intersect; monthly Cardano Forum updates; and quarterly dRep-facing reports throughout the funded period.

### Constitutional Compliance Posture

The proposal meets each requirement of the Cardano Constitution effective 24 January 2025:

- **Article II §3(2)** — Overlapping role disclosure. Zengate Global, one of the consortium-named entities, operates an active Stake Pool on Cardano. This is disclosed in line with §3(2); no §3(2) voting conflict arises because Treasury Withdrawal Actions under Article II §7 do not extend voting rights to SPOs. No other consortium-named entity (5am.earth Foundation, Elk GMBH, HashPoint Consulting, Andamio, Seedstars, Syngenta Foundation India) holds an active DRep, SPO, or Constitutional Committee role.
- **Article II §6** — Immutable off-chain document. The signed CIP-100/108 anchor metadata is pinned to IPFS — its CID is the on-chain anchor and provides the immutable reference. The metadata embeds the blake2b-256 hash of the proposal PDF.
- **Article II §7.1** — Refund circumstances. Treasury ADA returns in five circumstances: unspent ADA at programme end; material milestone failure; fraud; scope abandonment; and ADA appreciation surplus in excess of the $3.5M scope-elasticity threshold.
- **Article II §7.2** — 24-month prior-receipt disclosure. Neither the 5am.earth Foundation nor any consortium-named entity has received ADA from the Cardano Treasury through Treasury Withdrawal Actions under Article II §7 in the prior 24 months. All consortium-named entities have, however, received funding through Project Catalyst — including the Catalyst Fund 13 grant for Project Swaminathan (project ID 1300178), the initial baseline work that led to the scale opportunity through this proposal.
- **Article II §7.3** — Within Net Change Limit. The 10,000,000 ADA ask sits well within the ratified 350,000,000 ADA Net Change Limit (approximately 2.86% of the cap).
- **Article II §7.4** — Audit allocation. A combined Admin & Audit allocation is included in the budget, covering Intersect's standard administration fee and a separately procured independent third-party assurer (selected through competitive procurement at M1, with audit reviews at M2 and M3).
- **Article II §7.5** — Named administrator. Intersect is the named administrator on its standard terms, via the standardized Treasury Reserve Contract / Project-Specific Smart Contract framework developed by Sundae Labs.
- **Article II §7.6** — Custody plan. Funds withdrawn under this TWA are held on-chain via the TRSC and PSSCs. The contracts cannot be staked with an SPO and are delegated to the auto-abstain predefined DRep.

### Refund Conditions

All funds not disbursed by the end of the delivery period will be returned to the Cardano Treasury. A final reconciliation will be published as part of the oversight reporting cycle. In the event of partial delivery or scope reduction, unspent funds associated with cancelled or reduced deliverables will be returned proportionally.

### Audit & Oversight

Audit and oversight costs are included within the overhead applied to this proposal. The Intersect administration fee covers administrative oversight and is reflected within the cost of this proposal. Independent oversight is provided through Intersect and a competitively procured third-party assurer (selected at M1), including reporting obligations and milestone-based disbursement controls.

### Standardized Format & Immutable Hosting

The signed CIP-100/108 anchor metadata is pinned to IPFS as the immutable on-chain reference. The proposal PDF is hosted at a stable, publicly accessible URL with its blake2b-256 hash embedded inside the IPFS-pinned metadata, so any served PDF can be byte-verified against the immutable hash record.

ℹ️ 부가 정보

트랜잭션 해시 aaa6d9ccb72639c77db46b73bec2eaff9e5fcdfa04909cf1a0f7855a4d31485a
블록 타임 1779373403
Proposal ID gov_action142ndnn9hycuuwld5ddemash2l709ln06qjgfeudq77z45nf3fpdqqn7pwux
Proposal Index 0