Welcome to Intersect’s Development Update #74. This week, Intersect’s core funding and the Open Source Committee’s proposals passed ratification, setting the stage for major initiatives over the next 12 months. Treasury withdrawals move from vote to delivery, Rare Evo kicks off in Las Vegas, Board elections edge closer with an upcoming X Space, and we announce Chinstrap Community as our new COSS Strategy Partner. Plus, updates from Enterprise Forum, our latest member spotlight, and new GovTool improvements.

Intersect passes the threshold, and proposals ratified!

Intersect’s core funding proposal has now been ratified, giving us a mandate to continue supporting Cardano’s coordination, governance, and technical infrastructure over the next 12 months! A huge thank you to our members who have supported us, and of course, to the DReps who have taken their time to review and vote on these proposals diligently.

We’re also proud to see the Open Source Committee’s budget proposal ratified, unlocking multiple initiatives such as maintainer/retainer programs, as well as a bug bounty focused on core Cardano. All of this is aimed at strengthening the network’s open source foundations.

With 30 proposals now approved and 9 more still open to vote on, the year ahead is set to be a transformative one for the network.

Voting remains open for all proposals submitted and administered by Intersect until the end of Epoch 576 (August 17, 2025).   Members are encouraged to connect with their DReps, check voting activity, and ensure their voices are represented. You can find your DRep via the GovTool DRep Directory.

It’s worth noting that governance tools may display slightly different support percentages mid-epoch, as some track live stake while others use epoch boundary stake. Only the latter determines the official outcome, and figures align once the epoch boundary is reached.

You can follow the progress of all proposals by accessing any of the tools detailed in this Cardano Foundation Governance Voting Tool page. As Budget Administrator, Intersect facilitates the process. You can learn more about Intersect's administration role here - bit.ly/FrametoRoad

Treasury proposal passed? Now what?

With treasury withdrawal proposals now passing or nearing the required 67% DRep threshold, many in the community are asking what happens next. The process unfolds in three key stages:

1. Ratification – At the epoch boundary, votes are counted. If a proposal meets the 67% threshold and is confirmed constitutional by the Constitutional Committee, it becomes ratified, and voting closes.
2. Enactment – One more epoch must pass before funds are transferred from the Treasury to the stake address named in the proposal.
3. Administration – Intersect’s procurement team finalizes legal contracts and completes all KYC/KYB checks. Once approved, a vendor smart contract is deployed, outlining milestones, deliverables, and payment dates. Intersect, the oversight committee, must sign these, and the vendor must within 36 hours.

Once these steps are complete, the proposal moves fully into delivery under Intersect’s administration, with progress visible to the community on-chain. You can read more about this process here: https://bit.ly/POSTTWA 

It’s been a hot week already, as intersect team members took part in the Governance workshop hosted by Input output.



With the main event kicking off today, here’s what to catch over the next couple of days.

Committee members will be presenting their assessment of the next set of challenges and priorities for the Cardano ecosystem.

Join us for the first in-person board meeting with the executive team on Friday at 09:30 in Room Siena at Caesars. Afterwards, swing by our booth at 15:00 for a "meet the board" hour!

All weekend, we’re teaming up with @claymates at our booth for exclusive merch and more. Meet the Clay team and say hi!

Hydra is back in action, and we’re proud to support @DripDropz_io with their vending machine demo. Collect points and redeem for serious prizes. 

And there are more partnerships, meet the team behind @thecardanocard and get the latest on their roadmap.

On Saturday from 13:00 (local time), tune in live as @JBriggsLondon, @Quantumplation, and @IOHK_Charles dive into treasury management, smart contracts, and effective administration.

Elections Preview: Your Board, Your Voice 

Our September Board elections mark a key moment in Intersect’s governance, with community representation expanding from two to four elected seats. The Board plays a central role in setting strategic direction, overseeing performance, and ensuring Intersect stays true to its mission.

Ahead of the election, we’re hosting a live X Space where you can hear directly from current Board members about their experiences, the challenges they’ve faced, and their hopes for the future. It’s an opportunity to understand the role from the inside, ask questions, and gain insight before the application period opens on 1 September.

📅 Date & time: August 14th 15:00 UTC
🔗 Join here: https://x.com/i/spaces/1dRKZYayPAbxB

Whether you’re considering running, want to know more about how the Board operates, or simply want to stay informed, this conversation will set the stage for one of the most critical community decisions of the year.


Exciting news from Intersect’s Open Source Office!

We’re proud to officially welcome Chinstrap Community as our COSS Strategy Partner, bringing deep expertise in commercial open source, licensing, contributor strategy, and startup enablement to the Cardano ecosystem. We have a lot of things planned for Intersect and Cardano with this new partnership, but…

To kick things off, Chinstrap is launching open office hours available to Intersect members and the broader Cardano community to offer direct consultation on:

1) Licensing and compliance (e.g., open core, dual licensing, governance alignment)

2) Business models for commercial open source software (COSS)

3) OSS startup readiness, scale, and much more

Meet the leaders behind Chinstrap

Sabir Ibrahim – CoFounder of Chinstrap and former corporate counsel at Amazon and Roku, Sabir is a leading expert in COSS models, contributor experience, and decentralized business design. He’s helped organizations across Web2 and Web3 develop scalable open-source strategies.

Heather Meeker – Co-founder of Chinstrap and one of the most influential voices in open-source law, Heather is the author of Open Source for Business and a pioneer in OSS licensing strategy. Her legal frameworks have become foundational to how businesses engage with open source today.

This partnership is all about unlocking the next stage of maturity for Cardano’s open-source builders, from community-driven codebases to sustainable, fundable ventures. Feel free to visit their website here: https://chinstrap.community

Office hours for Chinstrap schedule and sign-ups are coming soon, stay tuned! Please reach out to us at the Open Source Office to schedule a time with our seasoned professionals to discuss your projects!

The next episode of the Open Source Cowboy Podcast premieres August 14 — and it’s a heavy hitter.

Christian Taylor sat down with Andrew Aitken — founder of the Builder Bureau, FINOS board member, and former Chief Open Source Officer at Hedera — to unpack where open source is really headed.

We covered:

• How enterprise OSS evolved from Red Hat to Web3 (and where Web3 is getting it wrong)
• What it actually takes to build sustainable ecosystems (spoiler: it’s not GitHub stars)
• Why supply chain security in AI is the next major frontier
• The role of DAOs, foundations & governance beyond the code drop
• How leaders can walk the talk in OSS, Web3, and AI

🎥 Watch the teaser now: https://lnkd.in/g4VyKtzw

📅 Full episode premieres August 14: https://lnkd.in/gPzPxqhq

If you care about the future of open source, AI, and decentralized ecosystems, this one’s a must-watch.

Enterprise Forum: Web3 in Focus – Session 2

The second session of Enterprise Forum: Web3 in Focus brought together leading voices from across the ecosystem to explore real-world challenges in governance, compliance, infrastructure, and decentralized compute. If you couldn’t make it live, you can catch the full recording here: Session 2

If you’d like to see how the conversation began, the first session is also available to watch here: Session 1. Together, these sessions provide a rich perspective on the opportunities and complexities of building in Web3, with practical insights from those tackling these issues every day.

We’ll be back in September with Session 3, continuing the series and diving even deeper into the themes shaping the future of decentralized technology, with more details coming soon.

Enterprise membership spotlight: SIDAN Lab

Based in Hong Kong, SIDAN Lab is building the foundational tooling that makes Web3 development on Cardano faster, easier, and more accessible. From launching MeshJS, a sidechain service-layer framework funded by Project Catalyst, to open-sourcing SDKs like Whisky (built in Rust with WASM/JS support), SIDAN is equipping developers with everything they need to build production-ready dApps.

As an active DRep and governance contributor, they also champion transparency, open standards, and localized developer education. With deep roots in infrastructure and community-building, SIDAN Lab continues to push forward practical innovations for a more scalable Cardano.

The Cardano GovTool Consortium extends its gratitude to all DReps who participated in reviewing and voting on the recent budget info action.

The outcome was strong, with ₳2.71B YES votes, representing 57% of active stake and 51% of registered DReps, alongside unanimous approval from the Constitutional Committee. With the proposal now officially approved, the Consortium remains committed to addressing the valuable feedback received over the past six weeks via X and rationale submissions.

In the coming days, a compiled overview of this feedback — along with a clear proposal for next steps — will be shared before submitting the follow-up treasury withdrawal governance action on-chain.

On the development front, a key improvement has been deployed to the mainnet in direct response to DRep input. This update introduces native support for pinning vote rationales to IPFS, making it easier and more reliable for DReps to share their reasoning transparently. The new feature incentivizes rational submissions and offers both downloadable and self-hosted options, further enhancing the governance experience.

You are welcome to participate in the discussions here.

That’s it for this week’s update. Thank you for reading. To learn more about Intersect’s work, explore our Knowledge Base, which provides detailed information on governance structures, committees, and funding. Additionally, visit the Intersect website for the latest news, updates, and roadmap information.

Join the conversation on Discord, and follow us on Twitter (X) and LinkedIn to engage with fellow members, working groups, and the broader community.

Your voice helps shape the future of Cardano governance.