- 금액: 1,193,000 ₳, 제출처: Intersect

- 본 재무부 인출은 Intersect Technical Steering Committee(TSC) 지원을 위한 자금임.

- 본 재무부 인출은 Intersect가 벤더를 대신하여 제출했음.

- 초록, 동기 및 근거 섹션의 내용은 Intersect 예산 절차의 일환으로 벤더가 제출하여 승인된 제안서에서 발췌했음.

■ 주석
*Intersect: Cardano 생태계의 거버넌스 및 기술 발전을 지원하는 회원제 조직
***₳: 에이다(ADA) 토큰 단위

- 금액: 1,193,000 ₳, 제출처: Intersect

- Intersect의 TSC는 커뮤니티 참여, 프로토콜 거버넌스, 독립적인 기술 검토를 포함하는 12개월간의 활동을 지원하기 위해 298,250달러(1,193,000 ₳)를 요청함.

- 탈중앙화된 미션 크리티컬 블록체인으로서 Cardano의 지속적인 성장은 견고한 기술 거버넌스 인프라에 달려 있음.

- TSC는 생태계의 기술적 방향이 전문성에 의해 유도되고, 커뮤니티 구성원과 DRep이 올바른 거버넌스 결정을 내리는 데 필요한 정보를 확보하며, 프로토콜 진화를 관리하는 프로세스가 구조적이고 투명하며 책임감 있게 운영되도록 인프라를 제공함.

- WP 1은 주요 생태계 행사 참석 및 기술 보고서 의뢰 비용을 지원함.

- WP 2는 Parameter Committee, CIP 편집자, Hard Fork Working Group 등 세 개의 전문가 그룹을 지원함.

- WP 3은 2027년에 시작되는 독립적인 기술 검토 프로그램 시범 운영을 지원함.

- WP 3에 따른 독립적인 기술 검토는 공식적인 이해 상충 방지 조항의 적용을 받으며, 제척 사유는 기록 및 공개되고, 검토자 선정은 문서화된 기준에 따라 공개적인 절차를 통해 수행됨.

- TSC 관련 활동 중 기술 워크숍(TSC 기술 리더십 하에 수행), Security Council, Bug Bounty Programme 등 세 가지 영역은 별도의 Intersect 예산을 통해 자금이 지원되므로 본 제안에는 포함되지 않음.

- 모든 지출은 완전히 회계 처리될 것이며, 사용되지 않은 자금은 Cardano 재무부로 반환됨.

- 설명된 작업은 재량적인 것이 아니며, Cardano가 탈중앙화 생태계로서 효과적으로 기능하는 데 필요한 기초적인 기술 거버넌스 역량을 나타냄.

- 참고: 본 제안서에 명시된 작업 패키지의 실행은 IntersectMBO 예산 제안서의 승인을 전제로 함.

■ 주석
*DRep: 위임된 대표자(Delegated Representative)
*CIP: Cardano 개선 제안(Cardano Improvement Proposal)

- 금액: 1,193,000 ₳, 제출처: Intersect

- TSC의 작업은 5가지 전략적 기둥 모두와 연계되는 교차적인 성격을 띰.

- 이는 TSC가 단일 목적의 이니셔티브가 아닌 기초적인 거버넌스 인프라로서의 역할을 수행함을 의미함.

- 특히 99.98% 가동 시간 목표 및 DRep 참여율과 관련된 2030 KPI와 가장 직접적으로 연결됨.

- 기둥 1(인프라 및 연구 우수성): Parameter Committee의 프로토콜 설정에 대한 증거 기반 조언(WP2)은 확장성과 보안에 기여함.

- Hard Fork Working Group(WP2)은 프로토콜 업그레이드를 안전하고 효과적으로 조정함.

- CIP 편집자(WP2)는 연구와 혁신이 구조적으로 프로토콜 변경으로 이어지도록 함.

- 기둥 2(채택 및 유용성): 처리량 개선, 최종성 프로토콜, 거버넌스 개선, 양자 저항, 경제적 유용성 및 파트너 체인(WP1)에 관한 기술 보고서 의뢰는 채택을 지원함.

- 주요 커뮤니티 행사 참석(WP1)은 개발자와의 직접적인 소통을 가능하게 함.

- 기둥 3(거버넌스): 기술 검토 작업 패키지(WP3)는 DRep의 정보에 입각한 의사결정을 직접적으로 지원함.

- Parameter Committee의 투명하고 증거 기반인 접근 방식(WP2)은 기득권이 아닌 독립적인 분석에 근거한 결정을 보장하여 거버넌스 포획을 방지함.

- 기둥 4(커뮤니티 및 생태계 성장): Cardano Summit 및 Africa Summit과 같은 행사 참석(WP1)은 글로벌 참여를 촉진함.

- 기술 워크숍은 TSC의 기술 리더십 하에 제공되어 커뮤니티 역량 강화에 기여함.

- 기둥 5(생태계 지속가능성 및 회복력): 기술 검토 작업 패키지(WP3)는 핵심 인프라 제안이 독립적인 전문가 검토를 거치도록 하여 재무부 지출의 무결성을 보호함.

- 지출 회계 처리 및 잔액 반환 약속은 재무적 책임을 강화함.

- 본 제안은 2026 Intersect 예산 절차 Hydra 투표 단계에서 67%의 지지 임계값을 달성하여 승인된 예산 절차 프레임워크에 따라 온체인 재무부 인출 거버넌스 조치 제출 단계로 진행되었음.

- 요청된 금액은 제출 시점 기준으로 Epoch 613부터 Epoch 713까지 적용되는 350M 순 변경 한도(Net Change Limit)를 위반하지 않음.

- 본 제안에 대한 독립적인 감사 및 보증은 Appold에 의해 제공됨.

- TSC는 지난 24개월 동안 Cardano 재무부로부터 자금을 지원받은 적이 없음.

- Intersect 및 그 위원회는 이전에 승인된 재무부 인출 거버넌스 조치를 통해 자금을 지원받았음.

- Intersect는 Sundae Labs에서 개발한 재무 관리 스마트 컨트랙트 프레임워크를 활용함.

- 2026년을 위해 새로운 스마트 컨트랙트 인스턴스가 배포되었음.

- Intersect의 관리는 5명의 관리자와 3명의 리더십 역할로 구성됨.

- 6개의 외부 독립 기관으로 구성된 감독 위원회가 견제와 균형을 제공함.

- 거버넌스 조치가 시행되면 자금은 TRSC 스테이크 주소로 전달됨.

- 모든 TRSC 및 PSSC 인스턴스는 SPO로 스테이킹할 수 없으며 자동 기권(auto-abstain) 사전 정의 DRep에 위임됨.

■ 주석
*KPI: 핵심 성과 지표(Key Performance Indicator)
*TRSC: 재무부 예비 스마트 컨트랙트(Treasury Reserve Smart Contract)

This Treasury Withdrawal funds Intersect Technical Steering Committee Support.

This Treasury Withdrawal is submitted by Intersect on behalf of the vendor. The content for the following sections; Abstract, Motivation and Rationale have been sourced from the approved proposal submitted by the Vendor as part of the Intersect budget process.

Intersect's Technical Steering Committee (TSC) requests $298,250 (1,193,000 ADA) to support activities for 12 months, spanning community engagement, protocol governance, and independent technical review.

Cardano's continued growth as a decentralised, mission-critical blockchain depends on robust technical governance infrastructure. The TSC exists to provide that infrastructure — ensuring the ecosystem's technical direction is guided by expertise, that community members and DReps have the information they need to make sound governance decisions, and that the processes governing protocol evolution are structured, transparent, and accountable.

WP 1 funds attendance of technical experts at major ecosystem events and commissioning of technical reports. WP 2 funds three specialist groups: the Parameter Committee, CIP editors, and Hard Fork Working Group. WP 3 funds establishment of a pilot independent technical review programme launching in 2027. Independent technical reviews under WP3 are subject to formal conflict-of-interest provisions, with recusals recorded and published, and reviewer selection conducted through an open process against documented criteria

Three areas of TSC-related activity are funded separately through the main Intersect budget and are not included here: technical workshops (delivered under TSC technical leadership), the Security Council, and the Bug Bounty Programme.

All expenditure will be fully accounted for and any unspent funds returned to the Cardano
treasury. The work described is not discretionary — it represents the foundational technical
governance capacity that Cardano needs to function effectively as a decentralised ecosystem.

**Note:** The execution of the work packages outlined in the proposal is contingent on the IntersectMBO budget proposal's approval.

### Strategic Pillar Alignment

The work of the Technical Steering Committee is cross-cutting and aligns to all five strategy pillars. This reflects the TSCʼs role as foundational governance infrastructure rather than a single-focus initiative. The strongest alignments are with Pillars 1 and 3, where the connection to specific 2030 KPIs — particularly the 99.98% uptime target and the DRep participation rate — is most
direct. The proposal will be fundamental to ensuring that meaningful progress can be made in 2026/2027 for all KPIs.

**Pillar 1: Infrastructure & Research Excellence**

This is where the proposal has its strongest and most direct alignment. The Parameter Committeeʼs evidence-based advice on protocol settings (WP2) directly supports the scalability and security focus of this pillar, particularly through the commissioning of independent benchmarking studies. Critically, this evidence is gathered independently of node vendors and other implementation teams, ensuring that parameter recommendations are grounded in objective analysis rather than the interests of any particular supplier. The Hard Fork Working Group (WP2) ensures that protocol upgrades — which are the primary mechanism for delivering infrastructure improvements — are coordinated safely and effectively. The CIP editors (WP2) keep the
improvement pipeline flowing, ensuring that research and innovation can be translated into protocol changes in a structured way. While the Security Council itself is funded through the main Intersect budget, the TSC provides the technical oversight and governance framework within which the Security Council operates, and TSC members play active roles in security incident
response and vulnerability management. This technical leadership contribution supports the reliability KPI of 99.98% uptime that the 2030 strategy sets as a baseline target.

**Pillar 2: Adoption & Utility**

The commissioning of technical reports on topics such as throughput improvements, finality protocols, governance improvements, quantum resistance, economic utility, and partner chains (WP1) helps develop the broader understanding that ultimately supports adoption. Expert attendance at key community events (WP1) puts leading technical voices from across the
Cardano ecosystem — including but not limited to TSC members — in direct contact with developers and builders, surfacing the technical needs of those building applications that drive on-chain utility. While technical workshops are organised and funded through the main Intersect budget, they are delivered under the technical leadership of the TSC — meaning the TSCʼs
expertise directly shapes the content that builds developer capability. The TSCʼs technical oversight of the Security Council and Bug Bounty Programme — both funded separately through Intersect — also contributes to the enterprise-grade security posture that the 2030 strategy identifies as essential for attracting institutional users.

**Pillar 3: Governance**

The Technical Review work package (WP3) directly supports informed DRep decision-making, which is central to the 2030 strategyʼs goal of achieving over 70 % DRep participation in governance actions. Independent technical evaluations of core infrastructure proposals ensure DReps have access to clear, accurate information when voting. The Parameter Committeeʼs
transparent, evidence-based approach to protocol recommendations (WP2) helps resist governance capture by ensuring decisions are grounded in independent analysis rather than vested interests — with evidence gathered independently of node vendors and implementation teams so that no single supplier can unduly influence the direction of protocol parameters. The
proposalʼs commitment to returning unspent funds to the treasury also demonstrates the kind of fiscal discipline the 2030 strategy calls for under its Treasury Seasons framework.

**Pillar 4: Community & Ecosystem Growth**

Expert attendance at events like the Cardano Summit and Africa Summit (WP1) speaks directly to the global engagement dimension of this pillar, putting leading technical experts from across the Cardano ecosystem — including but not limited to TSC members — in conversation with community stakeholders across geographies. Technical reports commissioned under WP 1 contribute to the evidence base that supports informed community participation in ecosystem development. Technical workshops, while organised and funded through the main Intersect budget, are delivered under TSC technical leadership — meaning this proposal is the mechanism through which that leadership capacity is sustained and directed towards community capability-building.

**Pillar 5: Ecosystem Sustainability & Resilience**

The Technical Review work package (WP3) protects the integrity of treasury expenditure by ensuring that core infrastructure proposals are subject to independent expert scrutiny before DReps vote on them — directly supporting the financial stewardship dimension of this pillar. The commitment to full expenditure accounting and treasury return of unspent funds reinforces this alignment. The TSCʼs technical oversight role in relation to the Security Council and Bug Bounty
Programme — both separately funded through Intersect — also contributes to the long-term operational resilience of the network.

### Intersect Budget Process

This proposal achieved the required 67% support threshold during the 2026 Intersect Budget Process Hydra Voting phase and has therefore been advanced for on-chain Treasury Withdrawal Governance Action submission in accordance with the approved Budget Process Framework.

### Net Change Limit Compliance

The requested amount does not at time of submission, on its own or in aggregate, breach the applicable [350M Net Change Limit](https://explorer.cardano.org/governance-action/gov_action1m3xx08yv788vfxqh6nfvrjtvmqpwezsy0ggaczctkyjmttc2wmxsq4jsr7q) covering Epoch 613 to Epoch 713.
In accordance with the guardrail TREASURY-02a, this withdrawal does not exceed the NCL at the moment of submission.

### Audit & Oversight

Independent audits and assurance for this proposal will be provided by [Appold](https://www.appold.com/).

This assurance function is intended to provide the Cardano community with additional confidence that Treasury funds are being used in line with the approved mandate, that reported milestones are supported by appropriate evidence, and that financial controls are operating effectively. Reviews may include deliverable verification, control testing, spend validation, and assessment of milestone evidence where appropriate.

Intersect will continue to operate milestone-based drawdowns, evidence-backed reporting, and transparent disclosures alongside this external assurance process. Where recommendations are identified through audit or assurance reviews, Intersect will seek to implement reasonable improvements to strengthen accountability, efficiency, and public trust.

### Prior Treasury Funding Disclosure

The Technical Steering Committee has not received funding from the Cardano Treasury within the past 24 months.
As a committee operating under Intersect MBO, we disclose that Intersect and its committees have received funding from the Cardano Treasury within the past 24 months through previously approved Treasury Withdrawal governance actions.
The following governance actions are relevant to this disclosure:

| Governance Action | Governance Action ID | Amount (ada) |
|---|---|---|
| Withdraw ₳15,750,000 for a MBO for the Cardano Ecosystem: Intersect | `gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlp2tyw3h6` | 15,750,000 |
| Cardano Product Committee: Community-driven 2030 Cardano Vision and 2026 Roadmap Insights Collection via Workshops and Structured Product Research | `gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlzxt5eumh` | 750,000 |
| OSC Budget Proposal - Paid Open Source Model for Sustainable Development | `gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlqkqx0ecg` | 5,885,000 |
| **Total treasury funding received by Intersect and its committees through the governance actions listed above** | | **22,385,000** |

### Budget Summary

| Work Package | Total (ADA) |
|---|---|
| WP 1 — Community-Facing Technical Coordination | 256,000 |
| WP 2 — Protocol Governance and Evolution | 832,000 |
| WP 3 — Technical Review | 105,000 |
| **Total** | **1,193,000** |

### Intersect Budget Management Tooling

To administrate treasury funds on-chain, Intersect will utilize the treasury management smart contract framework developed by Sundae Labs. A new instance of these smart contracts has been deployed for 2026, mirroring the contracts from the 2025 budget cycle.

- The 2026 Treasury Reserve Smart Contract stake address: `stake1784sdxt6jjennmstphgdu7l7c2scf5d02a6cve2dgn5s2kq5u3j9v`
- The 2026 Treasury Reserve Smart Contract payment address: `addr1x84sdxt6jjennmstphgdu7l7c2scf5d02a6cve2dgn5s2k8tq6vh499n88hqkrwsmealas4psng674m4sej5638fq4vqmxs59w`
- The 2026 Project Specific Smart Contract payment address: `addr1x9d6k9z6t6fvsetj2djmerargk475lef9gfvshy4rwh4h7jm4v295h5jepjhy5m9hj86x3dtafljj2sjepwf2xa0t0aq048cay`

#### Specifics

Intersect will utilize a single Treasury Reserve Smart Contract (TRSC), with one Project-Specific Smart Contracts (PSSC). Intersect’s management consists of five ‘admin’ and three Intersect ‘leadership’ roles. An Oversight Committee consisting of six external, independent third-party entities will provide checks and balances on Intersect, and safeguard against errors and unilateral control. The administration of both TRSC and PSSC will be managed by Intersect, with external oversight on certain actions from the Oversight Committee.

The Oversight Committee consists of Sundae Labs, Cardano Foundation, Dquadrant, NMKR, Sundial and Eternl. Their role is to independently verify key administrative actions using on-chain logic, ensuring accuracy and consistency without exercising discretion over governance decisions.

For all details on Intersect’s configuration please see the [**Smart Contract Guide**](https://admin-services.docs.intersectmbo.org/governance/smart-contracts) on the knowledgebase.

The high level permissions are as follows:

* TRSC Fund and PSSC Modify
* Two of the five Intersect admins, two of the six trusted entities and one of the three Intersect leadership sign-off must authorize
* TRSC Disburse
* Two of five Intersect admins, three of six trusted entities and two of three Intersect leadership sign-off must authorize
* TRSC Pause and Resume
* Two of five Intersect admins, and one of three Intersect leadership sign-off must authorize
* TRSC Sweep
* One of five Intersect admins, and one of three Intersect leadership sign-off must authorize
* TRSC Reorganize
* Two of five Intersect admins and three of six trusted entities must authorize

#### Processes

Upon enactment of this governance action, funding for this project will be directed into the TRSC’s stake address. All instances of TRSC and PSSC can not be staked with a SPO and are delegated to the auto-abstain predefined DRep. From here funds will be withdrawn into a UTxO remaining at the TRSC payment address.

When the Legal contract is prepared and the vendor is ready, funding for this project will be transferred using the Fund action to the PSSC. All milestones will be outlined within the metadata.

A dashboard is available ([treasury.sundae.fi](https://treasury.sundae.fi/budgets/51486a2f1496d4d3a688a9b111971aa9b731ed045d900b601345ca4e)) for the community to audit the TRSC or PSSC and track metrics related to this withdrawn ada as well as being immutably verifiable on chain.