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Governance Action

Reimburse Ikigai Info Governance Action Deposit.

In September 2024, only weeks after the Chang hard fork to introduce on-chain governance, an Info governance action titled Cardanoの生きがい - Ikigai - was submitted. This was only a sy…
Voting openTreasury Withdrawal
Type
Treasury Withdrawal
Deposit
₳100,000
$15.53K
Votes
100
Status
Voting open
Votes100
Yes 81· No 11· Abstain 8
Details
Action ID
gov_action1654yj97lf7guxsh27phtknq2tsc4dajp95fh7vrucaltjy0502csq7qtkhq
Submitted in tx
Return address
Deposit
₳100,000
Rationale
Motivation

There was significant sentiment at the time that the Ikigai Info governance action deposit should be reimbursed. It was considered that the submitter should not lose one hundred thousand ADA, for being an early pioneer of Cardano governance.

Rationale

This treasury withdrawal is requesting an amount of 103,000 ADA. In addition to the original 100,000 ADA the Ikigai Info governance action submitter lost, they have since also lost staking rewards. This request therefore includes an additional 3,000 ADA to compensate for staking rewards at a rate of 2% per annum. ### Constitutionality Requirements Article II.6 - Governance Action Metadata: This governance action has been submitted in a standardised, legible format with the minimum content required and a hash of the content. Article II.7.1 - Treasury Withdrawal Terms: * Purpose of the withdrawal: To reimburse the lost deposit for an Info governance action. * Period of delivery: This will be instantly performed as part of the governance action’s enactment on-chain. * Relevant costs and expenses: There are no costs or expenses associated with this treasury withdrawal. * Circumstances under which the withdrawal might be refunded to the Cardano Treasury: There are no circumstances for refunding to the treasury. Article II.7.2 - Prior Treasury Funding: The recipient of this reimbursement has not previously received funds from the treasury. Article II.7.3 - Net Change Limit Adherence: The requested amount does not exceed the current Net Change Limit. Article II.7.4 - Independent Audits and Oversight Metrics: As the funds will be made available directly to the intended recipient, the Cardano community will be able to audit the distribution on-chain. Therefore, no amount of ADA is required for audits and oversight metrics. Article II.7.5 - Treasury Withdrawal Administrator: While funds administration is not required, as the funds are being immediately distributed, in order to comply with this requirement the DReps are nominated as the “Administrator”, as they will be responsible for executing the distribution. Article II.7.6 - Administrator Custody: The funds will not be held by an Administrator, so no compliance regarding the wallet’s delegation is required.

Voting record100
yesCC
71aa5b3a…3e1b8f04