Intersect는 카르다노(Cardano) 생태계를 위한 **회원 기반 조직**으로, 생태계의 지속성과 미래 발전을 책임지고 있음.

이 조직은 **중립적이고 비영리적인 조정 계층** 역할을 하며, 탈중앙화 거버넌스와 인프라를 연결하는 데 집중함.

Intersect의 주요 임무는 네트워크를 직접 지휘하는 것이 아니라, 네트워크가 원활히 작동하도록 지원하는 것임.

이를 위해 Intersect는 다음과 같은 서비스를 제공함:

- 핵심 인프라 관리
- 관리자 역할 수행
- 참여 및 조정 지원
- 로드맵 및 예산 프로세스 촉진
- 생태계 역량 확장

Intersect는 2023년 7월 13일 미국 와이오밍 주에서 상호 이익 비영리 조직으로 설립되었으며, Input Output Global(IOG)과 EMURGO의 초기 자금 지원을 받음.

조직은 회원들의 적극적인 참여를 기반으로 하며, 이사회, 위원회, 작업 그룹을 통해 카르다노의 전략적 우선순위를 결정함.

Intersect는 카르다노의 기술 유지보수와 개발, 커뮤니티 주도의 거버넌스 구현(CIP 1694), 기술 로드맵 실행, 시스템 안정성 유지, 핵심 기술의 오픈소스 개발 조정을 중점적으로 수행함.

이번 재무 출금은 Intersect가 관리하는 ₳275.3M 규모의 예산 집행을 위한 39개 제안 중 하나를 지원하는 것으로, 카르다노 재무에서 인출되는 자금임.

이 출금은 카르다노 헌법상 재무 출금 정보 제공 요건을 충족하며, 제안된 해결책의 세부사항과 예산 정렬, 인출 금액을 명확히 함[1][2][3][4][5].

---

**주석**
- CIP 1694: Cardano Improvement Proposal 1694, 커뮤니티 주도 거버넌스 관련 제안
- IOG: Input Output Global, 카르다노 개발사
- EMURGO: 카르다노 생태계 투자 및 지원사
- MBO: Member-Based Organization, 회원 기반 조직

이 제안은 Cardano가 Voltaire 시대로 접어들면서 거버넌스가 소수 창립 조직에서 탈중앙화된 글로벌 커뮤니티로 전환되는 문제를 해결하는 데 목적이 있음.

헌법과 온체인 투표가 구조적 기반을 제공하지만, 기능적 탈중앙화 시스템을 유지하려면 커뮤니티 정렬 조정이 병행되어야 함.

Intersect는 Cardano의 핵심 Haskell 코드베이스, 특히 핵심 Cardano 노드 저장소를 관리함.

이 역할은 단순 유지보수를 넘어 새로운 릴리스 조정, 기여자 간 엔지니어링 모범 사례 정렬, 안전한 배포 준비를 포함함.

Intersect는 중립적 조정자로서 생태계 공급자의 기능 제안을 안정적이고 테스트된 릴리스로 변환해 네트워크 전반에 신뢰성 있게 도입되도록 지원함.

Intersect는 Chang과 Plomin 하드포크의 성공적 배포를 포함해 생태계 전반 업그레이드 조정에 중심적 역할을 수행했음.

이 과정은 인프라 제공자, SPO, dApp, 거래소 등 전 세계 이해관계자들의 깊은 기술 조정, 신뢰 구축, 커뮤니케이션 역량을 요구함.

기술 인프라 외에도 Intersect는 30개 이상의 워킹 그룹과 8개 선출 위원회를 지원하며, 예산, 제품 개발, 오픈소스, 회원, 성장, 기술 표준 등 핵심 분야에 대해 비구속적 권고와 실질적 통찰을 온체인 행위자(DReps, SPOs 등)에 제공함[1][2][3].

---

**주석**
- SPO: Stake Pool Operator (스테이크 풀 운영자)
- DRep: Delegated Representative (위임 대표)
- CIP-1694: Cardano Improvement Proposal 1694 (카르다노 개선 제안서)
- 온체인 투표: 블록체인 상에서 직접 이루어지는 투표
- 하드포크: 블록체인 프로토콜의 주요 변경 사항 적용
- Haskell: Cardano 핵심 코드 작성에 사용되는 프로그래밍 언어

이 제안서는 2025년 6월부터 2026년 6월까지 12개월 동안 Intersect가 Cardano의 핵심 인프라, 조정, 거버넌스 지원을 계속 제공할 수 있도록 자금을 지원하는 내용임.

주요 내용은 다음과 같음.

**핵심 인프라 관리**

- 오픈소스 Cardano 노드 저장소 및 Haskell 코드베이스 유지·관리

- 생태계 기여자들이 제안한 업그레이드 조정 및 배포, 안전성 확보, 로드맵과 이해관계자 준비 상태 점검

- 주요 엔지니어링 관행과 업그레이드 주기에서 안정성과 연속성 제공

**관리자 역할 수행**

- 헌법에 정의된 ‘Administrator’ 역할 지속 수행

- 제안 검토, 운영 실행, 스마트 계약 개발, 컴플라이언스 모니터링 등 계약 및 감독 지원

- 재무 지원 프로젝트의 신뢰할 수 있는 상대방 역할, 중재 경로 제공 및 투명성과 분산화 지원

**참여 및 조정 지원**

- 선출된 위원회 구성원에게 수당 지급으로 시간과 전문성 공식 인정 시작

- 새로운 헌법 위원회 선출 절차 지원

- 8개 위원회와 30개 이상의 작업 그룹에 전문 운영 및 조정 지원 제공

- DReps, SPOs, 헌법 위원회 대상 온보딩, 도구, 자원 제공

**로드맵 및 예산 프로세스 촉진**

- 제품 위원회를 통한 제품 로드맵 개발 및 장기 생태계 비전 지원

- 2026년 예산 프로세스 재구축 및 온체인 제출 조정

- 위원회 연계 예산 제안서(RFP) 확장 가능 프로세스 구상 및 실행

**생태계 역량 확장**

- 새로운 MBO, 협회, 작업 그룹 출현 지원

- 다수의 관리자가 필요한 다원적이고 확장 가능한 거버넌스 모델 필요성 인식 및 강화

Intersect는 미국 와이오밍에 설립된 비영리 회원 기반 조직이며, 오픈소스, 거버넌스, 인프라, 핀테크, 분산 시스템 분야 경험이 풍부한 팀으로 구성되어 있음.

주요 리더십은 다음과 같음.

- 잭 브릭스(Interim Executive Director): 2025년 4월부터 임시 전무이사로서 Intersect의 사명과 핵심 목적을 재확인하며, 투명하고 분산된 의사결정과 협업을 촉진함.

- 닉 쿡(Interim Director of Operations): Web3, 블록체인, 핀테크, AI 분야 경험이 풍부하며, Cardano 커뮤니티와의 연결 및 참여를 담당함.

계약 관리는 헌법에 따라 Cardano Development Holdings(CDH)와 Intersect 간에 오프체인 법적 계약으로 체결되며, Intersect는 회원과 DReps 승인 거버넌스 조치에 맞춰 계약을 관리함.

프로젝트 전달은 법적 계약에 명시된 마일스톤, 수락 기준, 지급액, 납기일에 따라 진행되며, SundaeSwap 플랫폼을 통해 공개됨.

3자 검증자가 각 마일스톤 완료를 검토·승인하며, 이 비용은 재무 인출 일부에서 충당됨.

예산 관리 도구로는 Sundae Labs가 개발한 재무 관리 스마트 계약 프레임워크를 사용하며, 광범위한 테스트와 감사를 거침.

Intersect는 단일 Treasury Reserve Smart Contract(TRSC)와 다수의 Project-Specific Smart Contracts(PSSC)를 관리하며, 3명의 관리자와 2명의 리더십, 그리고 Sundae Labs, Cardano Foundation, Dquadrant, Xerberus, NMKR로 구성된 5인 외부 Oversight Committee가 상호 견제함.

주요 권한 승인 조건은 다음과 같음.

| 권한 종류 | Intersect 관리자 | 외부 신뢰 기관 | Intersect 리더십 | 승인 조건 |
|----------------|----------------|--------------|----------------|-----------------------------|
| TRSC 자금 및 PSSC 수정 | 2명 | 2명 | 1명 | 2 관리자 + 2 외부 + 1 리더십 승인 필요 |
| TRSC 분배 | 2명 | 3명 | 2명 | 2 관리자 + 3 외부 + 2 리더십 승인 필요 |
| TRSC 일시정지/재개 | 2명 | - | 1명 | 2 관리자 + 1 리더십 승인 필요 |
| TRSC 자금 회수 | 1명 | - | 1명 | 1 관리자 + 1 리더십 승인 필요 |
| TRSC 재조직 | 2명 | 3명 | - | 2 관리자 + 3 외부 승인 필요 |

재무 자금은 TRSC의 스테이크 계정으로 입금되며, SPO에 스테이킹되지 않고 자동 기권 DRep에 위임됨.

법적 계약 준비 및 공급자 준비 완료 시, 자금은 PSSC로 이체되고 모든 마일스톤은 메타데이터에 명시됨.

커뮤니티는 대시보드를 통해 TRSC 및 PSSC를 감사하고 온체인에서 자금 사용 내역을 검증할 수 있음.

이 모든 절차는 Cardano 헌법 제4조 4, 5항의 요건을 충족함.

---

**주석**

- MBO: Member-Based Organization, 회원 기반 조직

- DRep: Delegated Representative, 위임 대표자

- SPO: Stake Pool Operator, 스테이크 풀 운영자

- CIP-1694: Cardano Improvement Proposal 1694, Cardano 거버넌스 설계 관련 제안

- TRSC: Treasury Reserve Smart Contract, 재무 예비 스마트 계약

- PSSC: Project-Specific Smart Contract, 프로젝트별 스마트 계약

This treasury withdrawal funds **A member-based organization for the Cardano ecosystem: Intersect** which will provide the following services:

Intersect exists to serve as a neutral, nonprofit coordination layer that bridges decentralized governance and decentralized infrastructure. Our mission is not to direct the network, but to enable it. By stewarding core systems, supporting community-led processes, and facilitating safe, transparent delivery.

Specifically, this proposal will fund Intersect to:

- Steward core infrastructure

- Execute the Administrator role

- Support participation and coordination

- Facilitate roadmap and budget processes

- Expand ecosystem capacity

Note: Intersect's original proposal submitted early in the off-chain process was updated after recent leadership changes. However, this proposal reflects the approved Budget Info Action and new strategic direction.

This treasury withdrawal funds one of 39 proposals to give effect to the approved budget info action for ₳275,269,340, administered by Intersect via gov_action1u9x73kwufaxa70lfy59g4ynwyrcsaxdcd0gxzzmh67s9fxq4j8hqqk2phgh. The information provided herein is intended to fulfill the spirit of the constitutional requirement for a treasury withdrawal info action by also providing the details of the proposed solution, alignment to the budget, and amount to be withdrawn from the Cardano Treasury.

This proposal aims to solve the following problem:

As Cardano enters the age of Voltaire, governance is transitioning from a small number of founding organizations to a decentralized global community. While the introduction of a constitution and on-chain voting forms the structural backbone, these mechanisms alone are not enough to sustain a functional decentralized system. What's needed in parallel is community-aligned coordination - infrastructure that enables participation, promotes continuity, and supports informed decision-making across the network.

Intersect is also responsible for the stewardship of Cardano's core Haskell codebases, including the repositories that power the core Cardano node. This role involves more than maintenance - it includes coordinating new releases, aligning contributors around engineering best practices, and ensuring that upgrades are ready for safe deployment. Intersect acts as a neutral facilitator in this process, helping translate new feature proposals from ecosystem vendors into stable, tested releases that can be confidently adopted across the network.

Intersect has played a central role in coordinating ecosystem-wide upgrades, including the successful deployment of the Chang and Plomin hard forks. These upgrades required aligning infrastructure providers, SPOs, dApps, and exchanges globally - a process demanding deep technical coordination, ecosystem trust, and communications capacity.

Beyond technical infrastructure, Intersect provides a collaborative space for governance to mature and grow, supporting over 30 working groups and eight elected committees made up of Cardano community members. These committees focus on key areas such as budgeting, product development, open source, membership, growth, and technical standards - offering non-binding recommendations and practical insight to on-chain actors like DReps and SPOs.

### Project Solution

This proposal enables Intersect to continue providing essential infrastructure, coordination, and governance support for Cardano during a pivotal 12-month period from June 2025 to June 2026.

Specifically, this proposal will fund Intersect to:

Steward core infrastructure

- Maintain and govern the open-source Cardano node repositories, including the Haskell codebases

- Coordinate and release upgrades proposed by ecosystem contributors, ensuring safe deployment, roadmap alignment, and stakeholder readiness

- Provide stability and continuity across key engineering practices and upgrade cycles

Execute the Administrator role

- Continue fulfilling the responsibilities of the "Administrator" role defined in the Constitution.

- Provide contract and oversight support, including proposal vetting, operational execution, smart contract development, and compliance monitoring

- Act as a reliable counterparty for Treasury-funded initiatives, offering arbitration routes while supporting increased transparency and decentralization

Support participation and coordination

- Deliver stipends to elected committee members --- beginning formal recognition of their time and expertise

- Facilitate an election process to confirm a new Constitutional Committee

- Provide professional operational and coordination support to 8 committees and 30+ working groups

- Provide through our members, onboarding, tools, and resources for DReps, SPOs, and the Constitutional Committee

Facilitate roadmap and budget processes

- Via the Product Committee, facilitating product roadmap development and long-term ecosystem vision

- Rebuilding a budget process for 2026 and coordinating the delivery and on-chain submission of a 2026 budget

- Conceptualize and operationalize a scalable RFP process for committee-aligned budget proposals (example the Open Source Committee proposal)

Expand Ecosystem Capacity

- Support the emergence of new MBOs, associations, and working groups

- Recognize and reinforce the need for multiple Administrators in the future to support a plural and scalable governance model

### Vendor Profile

Intersect is a non-profit member-based organization incorporated in Wyoming, USA. The team at Intersect represents a broad mix of experience and domain expertise, spanning open source, governance, infrastructure, fintech, and decentralized systems. Many of our team members are long-standing contributors to Cardano and are deeply embedded in the ecosystem - both professionally and as community participants.

Our leadership:

Jack Briggs - Interim Executive Director

- As of April 25, 2025, Jack now leads Intersect as our Interim Executive Director and will be reaffirming Intersect's mission and core purpose --- bringing Intersect back to serve the community as a lean, accountable, and principled enabler of open collaboration, where decisions are transparent, power is distributed, and progress is driven by those who build and contribute.

- Jack brings over a decade of experience leading large teams for global organizations such as Vodafone and Three Mobile, as well as multiple technology startups, including those focused on open source. Outside of technology, he was twice elected Chairman of a large residents' association representing over 150 households, and in 2018, he stood as a candidate in the UK local elections for a national party.

- Passionate about blockchain, Jack started with Bitcoin in 2012, Ethereum in 2017, and Cardano in 2019. From 2021, he was one of the earliest contributors to Cardano's governance design, including collaborating on the first version of CIP-1694.

Nick Cook - Interim Director of Operations

- Nick is an experienced, driven and energetic leader with a proven history of working in the Web3, blockchain, fintech and AI space. Nick has played a critical part in establishing community hubs for Intersect, linking the company with the wider Cardano community. His work has been invaluable for engaging members with our broader mission.

The Board of Directors are now working on an open recruitment strategy with members at the forefront in confirming a permanent Executive Director.

### Contract Management

A written off-chain Legal Contract will be created between the Vendor and Cardano Development Holdings (CDH), as mandated by the Constitution. Intersect will administer the contract on behalf of its members and in alignment with governance actions approved by DReps. This includes coordinating project delivery schedules, reporting progress transparently to our members and the community, and escalating any disputes to the Governing Board and membership for resolution in accordance with established procedures.

### Project Delivery

All milestones, acceptance criteria, payment amounts and expected delivery dates will be agreed between the Governing Board and Executive team at Intersect, with a Legal Contract established between Intersect and the CDH. Intersect will deliver according to the agreed-upon project schedule within the Legal Contract, of which the necessary information will be made public via the SundaeSwap platform. These details will be shared as part of the budget management tooling process.

Defined by the milestones within a Legal Contract, the vendor will submit and attest milestone acceptance to the community, Intersect or 3rd Party Assurer.

Project progress will be monitored and reported by Intersect's Executive team and will be communicated to the community.

Acceptance of the above work is expected to 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.

### Budget Management Tooling

To administrate treasury funds on-chain, Intersect will utilize the treasury management smart contract framework developed by Sundae Labs. The smart contracts have been [extensively tested](https://github.com/SundaeSwap-finance/treasury-contracts/tree/main/offchain/tests) including audits from TxPipe and MLabs. Examples of the usage of these contracts can be seen across mainnet described across Intersect authored [Blog 1](https://www.intersectmbo.org/news/smart-contract-mainnet-demo-a-step-toward-on-chain-treasury-withdrawals), [Blog 2](https://www.intersectmbo.org/news/smart-contract-mainnet-demo-day-two-update) and [Blog 3](https://www.intersectmbo.org/news/smart-contract-mainnet-demo-day-three-update).

Final mainnet validation test can be seen via the Disburse action within transaction: 0f591dc544ae14102dbb4a74d5311a6acffc1772b163d8b7a9656b9525950b17

With the confirmed treasury reserve contract address being: stake17xzc8pt7fgf0lc0x7eq6z7z6puhsxmzktna7dluahrj6g6ghh5qjr

#### Specifics

Intersect will utilize 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 Intersect 'leadership' roles. An Oversight Committee consisting of five 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 PSSCs 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, Xerberus and NMKR. 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://docs.intersectmbo.org/cardano-facilitation-services/cardano-budget/intersect-administration-services/smart-contracts-as-part-of-our-administration)** on the knowledge base.

The high level permissions are as follows:

- TRSC Fund and PSSC Modify

- Two of the three Intersect admins, two of the five trusted entities and one of the two Intersect leadership sign-off must authorize

- TRSC Disperse

- Two of three Intersect admins, three of five trusted entities and two of two Intersect leadership sign-off must authorize

- TRSC Pause and Resume

- Two of three Intersect admins, and one of two Intersect leadership sign-off must authorize

- TRSC Sweep

- One of three Intersect admins, and one of two Intersect leadership sign-off must authorize

- TRSC Reorganize

- Two of three Intersect admins and three of five trusted entities must authorize

#### Processes

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

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

A dashboard will be available 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.

The subsections; Contract Management, Project Delivery, and Budget Management Tooling described above cover the constitutional requirements specified in Article IV section 4 and 5.