이 재무 출금은 **Pallas: Sustaining Critical Rust Tooling for Cardano** 프로젝트에 자금을 지원함.

Pallas는 Cardano 블록체인 생태계를 위한 Rust 기반 핵심 빌딩 블록 모음으로, 암호화 원시 기능과 CBOR 인코딩 같은 재사용 가능한 컴포넌트를 제공함.

이를 통해 탐색기, 지갑 등 고차원적 사용 사례 개발을 지원하며, 오픈소스로 Cardano 개발자 커뮤니티의 활발한 기여를 받고 있음.

현재 591개의 커밋, 430개 이상의 풀 리퀘스트, 39명의 기여자가 참여 중이며, Aiken, Lucid, Mithril, Amaru 등 주요 프로젝트에서 활용되고 있음.

지속적인 유지보수, 업데이트, 신규 기능 개발을 위해 0.5 FTE 블록체인 개발자와 0.125 FTE 기술 리드 인력에 대한 자금 지원을 요청함.

이 출금 요청은 Intersect가 공급업체를 대신해 제출했으며, ₳275.27M 규모의 승인된 예산 중 39개 제안 중 하나임.

Pallas는 Ouroboros/Cardano 로직을 Rust로 재구현한 모듈들의 집합으로, 다양한 기능별 크레이트로 구성되어 있음.

주요 크레이트는 CBOR 인코딩/디코딩(pallas-codec), 암호화 원시(pallas-crypto), 네트워크 스택(pallas-network), 원장 관련 primitives(pallas-primitives), 트랜잭션 빌더(pallas-txbuilder) 등을 포함함.

Pallas는 Cardano 생태계에서 중요한 오픈소스 협업 사례로 자리매김했으며, 향후에도 핵심 Rust 툴링으로서 발전과 확장이 기대됨[2][4][5].

이 제안은 **Pallas** 프로젝트의 지속적 유지보수와 발전을 위한 자금 지원을 목표로 함.

Pallas는 Cardano 개발을 위한 **Rust 네이티브 기반 핵심 라이브러리**로, 암호화 원시 기능과 CBOR 인코딩 등 필수 블록체인 프리미티브를 제공함[2][4].

하지만 대규모 오픈소스 프로젝트인 만큼, 버그 수정, 프로토콜 변경 대응, 성능 최적화, 신규 기능 개발 등 지속적인 노력이 필요함.

전담 자원이 없으면 Pallas는 정체될 위험이 있으며, 이는 이를 의존하는 다수 프로젝트와 개발자들에게 부정적 영향을 미칠 수 있음[5].

따라서 이 제안은 Pallas가 **항상 최신 상태로 유지되고, Cardano 생태계 변화에 맞춰 진화할 수 있도록** 필요한 자금을 확보하는 데 중점을 둠[5].

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**주석**
- CBOR: Concise Binary Object Representation, 경량 데이터 직렬화 형식
- Rust 네이티브: Rust 언어로 직접 구현된 코드
- 프리미티브: 기본 기능 또는 구성 요소

Pallas는 Cardano 블록체인 생태계의 핵심 오픈소스 Rust 기반 툴킷임.
Cardano의 Ouroboros 프로토콜과 공통 로직을 Rust로 재구현한 모듈들의 집합으로, 탐색기, 지갑, 트랜잭션 빌더 등 고수준 애플리케이션 개발을 지원함[2][3].

Pallas는 Aiken, Lucid, Mithril, Amaru 같은 프로젝트들이 인프라 복잡성을 줄이고 개발 효율을 높이기 위해 이미 활용 중임.
지속적인 자금 지원은 Pallas의 신뢰성과 성능 유지에 기여하며, 개발자들이 저수준 블록체인 세부사항 대신 애플리케이션 개발에 집중할 수 있도록 돕는 효과가 있음.
이로써 Cardano 생태계의 개발자 도구가 강화되고, 신규 개발자 참여와 혁신 촉진에 긍정적 영향을 미침[4].

TxPipe는 Cardano 생태계에서 3년 이상 오픈소스 도구를 개발해온 팀으로, Pallas 개발과 유지에 깊이 관여함.
여러 dApp 개발 경험과 IOG Partnerchain SDK 활용 경험을 바탕으로 프로젝트 실현 가능성과 개발자 관점의 이점을 평가함.
Catalyst 제안서 성공 사례도 다수 보유해 프로젝트 수행 역량을 입증함.
개발 과정과 결과물은 모두 공개 오픈소스로 진행되어 커뮤니티가 투명하게 진행 상황을 검토할 수 있음.

프로젝트 계약은 Cardano Development Holdings(CDH)와 TxPipe 간 오프체인 법적 계약으로 체결되며, Intersect가 관리함.
프로젝트 일정, 마일스톤, 지급 조건 등은 계약에 명시되고, Intersect가 진행 상황을 모니터링하며 3자 검증자가 각 마일스톤 완료를 검토하고 승인함.

재무 관리는 Sundae Labs가 개발한 온체인 재무관리 스마트컨트랙트 프레임워크를 Intersect가 활용함.
Intersect는 단일 Treasury Reserve Smart Contract(TRSC)와 프로젝트별 Smart Contract(PSSC)를 운영하며, 3명의 관리자와 2명의 리더십, 그리고 Sundae Labs, Cardano Foundation 등 5개 독립 외부 기관으로 구성된 Oversight Committee가 권한을 분산 관리함.
이 체계는 투명성과 안전성을 보장하며, 모든 자금 이동과 프로젝트 진행 상황은 온체인 메타데이터와 대시보드를 통해 커뮤니티가 실시간으로 검증 가능함.

요약하면, Pallas는 Cardano 개발자 생태계의 필수 Rust 기반 툴킷으로 자리잡았으며, TxPipe와 Intersect가 체계적인 계약과 투명한 재무 관리 하에 지속적 개발과 지원을 수행함으로써 Cardano 생태계의 혁신과 확장에 기여하고 있음[1][2][4].

---

**주석**
- Ouroboros: Cardano의 지분증명 합의 알고리즘
- dApp: 분산형 애플리케이션
- IOG: Input Output Global, Cardano 개발사
- SPO: Stake Pool Operator
- UTxO: Unspent Transaction Output, 블록체인 트랜잭션 모델

This treasury withdrawal funds **Pallas: Sustaining Critical Rust Tooling for Cardano** which will provide the following services:

This request for support focuses on Pallas (github.com/txpipe/pallas), a collection of Rust-native building blocks for the Cardano blockchain ecosystem. Pallas provides reusable components, such as cryptographic primitives and CBOR encoding, to enable the development of higher-level use cases like explorers and wallets. The project remains open-source, and actively welcomes contributions from the broader Cardano developer community. With 591 commits, over 430 pull requests, and 39 contributors, it stands as a strong example of open-source collaboration in the ecosystem. Pallas is being used by key projects in the ecosystem such as Aiken, Lucid, Mithril, Amaru, and many others. To ensure its continued evolution and maximize its impact, Pallas requires ongoing maintenance, updates, and new functionalities. We are requesting funding to secure the following roles assigned to the project: 0.5 FTE blockchain developer and 0.125 FTE tech lead.

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

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:

Pallas has become a critical Rust-native foundation for Cardano development, providing essential blockchain primitives such as cryptographic primitives and CBOR encoding. However, maintaining an open-source project of this scale requires continuous effort---bug fixes, updates to support protocol changes, performance optimizations, and new feature development. Without dedicated resources, Pallas risks stagnation, which could impact the many projects and developers who rely on it. This proposal seeks funding to ensure Pallas remains well-maintained, up-to-date, and capable of evolving alongside the broader Cardano ecosystem.

### Project Solution

Securing ongoing funding for Pallas directly benefits the Cardano developer community by ensuring its continued reliability and performance as a key open-source resource for the Cardano ecosystem. Projects like Aiken, Lucid, Mithril, and Amaru already utilize Pallas to streamline development and reduce infrastructure complexity. By maintaining Pallas, we help developers focus on building applications rather than managing low-level blockchain details. This support strengthens the ecosystem's developer tooling, makes it easier for new developers to contribute, and fosters innovation across various Cardano-based projects.

### Vendor Profile

TxPipe is an active member of the Cardano ecosystem

TxPipe has been developing open-source tools for the Cardano ecosystem for over 3 years and we're not going anywhere. Evidence of our commitment can be found by evaluating the continuous activity of our public code repositories.

Experience developing in the Cardano ecosystem

TxPipe has helped developed several dApps for the Cardano ecosystem. This experience allows us to evaluate the feasibility of the project and its potential benefit from a developer's perspective. We've also participated in development of chains using the released version of the IOG's Partnerchain SDK.

Successful Catalyst proposals

We have successfully completed several Catalyst proposals. This may serve as evidence that our team has the required capabilities to fulfill these type of projects.

Development process will be public and open-source

Both the output and the development process will be public and open-source. This approach provides an easy way for the Catalyst team and the Cardano community to evaluate the progress at each step of the process.

### Contract Management

A written off-chain Legal Contract will be created between the Vendor and the Cardano Development Holdings (CDH), as mandated by the constitution, and will be administered by Intersect. 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 Vendor and Intersect, acting on behalf of the CDH. The vendor will deliver according to the agreed-upon project schedule within the Legal Contract, of which the necessary information will be made public via the budget management platform via transaction metadata.

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 via Intersect's delivery assurance function which 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 knowledgebase.

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.