Welcome to Intersect’s Development Update #62. This week, Intersect submitted its ₳275m Budget Info Action to the chain, marking a significant milestone. Committee election results are in, with 36 new members elected across eight committees, and an independent audit confirming the results! Meanwhile, candidate registration remains open for the Constitutional Committee until May 31; there’s still time to get involved!
Author: Igor Velickovic
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Making sense of the ₳275M Budget Info Action
This week, Intersect submitted a Budget Info Action to the Cardano community. It proposes an aggregate budget of ₳275,269,340 to fund a set of ecosystem initiatives over a 12-month period. The number is significant, but it represents more than a funding request. It reflects the outcome of a structured, community-driven process that involved public input, delegated representative (DRep) voting, and alignment with the roadmap approved earlier this year. To understand how to interpret this proposal, it’s important to unpack what it represents, how it works, and what comes next.
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Intersect committee election results
The Cardano community answered the call in the 2025 Q1 committee elections, with 522 members, 27% of eligible voters, casting a total of 11839 ballots among 119 candidates competing for 36 seats across eight committees.
Intersect hosted five X Spaces as a facilitator where candidates could introduce themselves, and electors could inform their decisions. This strong turnout is a fantastic result not only for Intersect but for the broader progress of Cardano governance, and we’re grateful to everyone who participated in strengthening our democratic foundations.
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Intersect Development Update #61 – May 9
Welcome to Intersect’s Development Update #61. Our budget info action, comprising 39 proposals signalled in the final temperature check will be submitted in epoch 557, with DReps set to vote on budget allocations marking the next step towards ecosystem funding. Intersect’s committee elections closed with a 27% turnout and are now in audit, while candidate registration is open for the Constitutional Committee!
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Intersect Development Update #59 – April 25
Welcome to Intersect’s Development Update #59! This week, we introduce Cardano’s newest website, budget reconciliation workshops, the latest on the committee elections, Treasury NCL, and a wealth of exciting community news. Let’s dive in!
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Who we are and where we’re going: and celebrating why we’re here
Intersect is excited to today launch a new campaign website – highlighting our shared journey in the community-driven evolution of Cardano governance.
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Cardano Budget Committee Recommendation: Threshold to include a proposal in the budget info action
The Cardano Budget Committee decided on April 21st to provide a recommendation to DReps regarding the polling threshold used to determine which proposals are included in the budget information action from Intersect.
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Intersect Development Update #58 – April 18
Welcome to Intersect’s Development Update #58! This week, voting opens for the Intersect committee elections—an important step in shaping Cardano’s governance. We also cover the ongoing governance action on the Cardano budget’s net change limit, new smart contract tooling for treasury management, and continued support for DReps through weekly sessions. Additionally, we share highlights from Intersect’s presence at TEAMZ in Japan, and conclude with the latest governance statistics, tool updates, and community resources. – Let’s dive in!
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Smart Contracts and Cardano budgets
This blog post highlights the growing power of smart contracts in action. It introduces new treasury management tools designed to support the Intersect membership and wider Cardano community—and invites you to explore, give feedback, and get involved.
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Intersect Development Update #57 – April 11
Welcome to Intersect development update #57! This week, we cover the state of committee elections, more news on the budget committee, governance in Cardano, including the constitution, the latest updates on membership and community, and more. Read on to learn about Cardano’s progress toward a self-sustaining, self-governing blockchain for the world.
