CryptoSlate
Cardano founder Charles Hoskinson said in a Nov. 7 AMA that he does not control the network's treasury or consensus and cannot negotiate for all ADA holders. He remains CEO of Input Output Group, but said he cannot act as Cardano's CEO.
Treasury withdrawals require approval from delegated representatives, known as DReps, and the Constitutional Committee, which checks constitutionality. Funded recipients must deliver under their proposals, while designated administrators monitor spending and delivery.
Holders can inspect outputs: Intersect said Cardano explorer AdaStat's October maintenance milestone was signed off on Nov. 2, while engineering reports link Leios prototype work to treasury funding. The latest Leios changes remain development work, not a mainnet release. ADA holders can register as DReps or change their voting delegation.
Frequently asked questions
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Who approves Cardano treasury withdrawals?
Delegated representatives, or DReps, and the Constitutional Committee must approve withdrawals. The committee checks whether proposals comply with the Constitution.
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Who is responsible for delivering treasury-funded work?
Funded recipients deliver under the terms of their proposals, while designated administrators monitor spending and delivery.
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What Cardano-funded work can holders inspect?
Intersect reported that AdaStat's October maintenance milestone was signed off on Nov. 2. Engineering reports also link Leios prototype work to treasury funding.
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Are the latest Leios changes live on Cardano mainnet?
No. The latest Leios changes on the main development branch remain development work rather than a mainnet release.
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How can ADA holders influence treasury decisions?
ADA holders can register as DReps, delegate voting stake to a DRep or change their voting delegation.
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