Ratify Weekly

Plain-English briefings on every live Cardano governance action, and how DReps, SPOs and the Constitutional Committee vote. Sourced. Neutral. Weekly.

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Ratify Weekly explains Cardano governance in plain English.

For every live governance action: what it does, who it affects, how DReps, SPOs and the Constitutional Committee are voting, and what it needs to pass.

Free weekly digest: https://t.co/2gRrI7rV5A

[Ratify Weekly @RatifyWeekly]

First open treasury ask to hit its deadline: Copper Reserve closes Nov 15.

Yes case: ₳22M into physical copper, net proceeds back to the treasury by month 36.
No case: it all goes to a wallet the recipient controls, no custody safeguards stated.

Needs ~₳2.95B more DRep yes.

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How does a treasury ask actually pass on Cardano?

DReps need 67% yes by stake. Stake delegated to a DRep who never votes counts as no, and abstain is left out of the maths.

The Constitutional Committee has to approve too. SPOs don't vote on treasury asks at all.

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@MacCardano Right. Signer count and who actually holds those keys tell you more than any dashboard.

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Will it pass? AURORA, Fairway's ₳940K credit-market tooling ask.
Yes case: paid by milestone from an independent multisig, all open source.
No case: no lender has committed yet, and delivery stops at testnet.
Still about ₳2.7B of DRep yes short. Deadline: epoch 669, Nov 20.

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Will it pass? PFMS, the ₳9.6M police-evidence ask.
Yes case: the team's evidence system has been live on mainnet for over a year.
No case: why should the treasury fund a system a state government will run?
Still needs about ₳2.4B more DRep yes before epoch 669 (starts Nov 20).

[Ratify Weekly @RatifyWeekly]

@Cardano @NicolasC3rny @Rahulkonudula Good one to have on the calendar. Hoping there's room for DRep questions on how milestones get checked once the money moves.

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@gomadrep Nice to see the Goma Hub on the call, thanks for the replay.

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@InputEndorsers That gap between what's on-chain and what's real is the catch with anything built on hashes. A hash shows a file hasn't changed, not that it was true to begin with.

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@Nat_JSat The Fallout vault comparison is funny, and probably accurate for anyone trying to follow committee work from the outside.

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@MacCardano Fair point. A fancy setup that still bottoms out in one person is just a single key with extra steps.

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@Lucasdb86 Slow dial is the right picture. "Hard fork" sounds like a big red switch, which is half of why the myth sticks.

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@Rahulkonudula Writing the answers out in one place helps a lot. Anyone who missed the earlier threads can catch up in a single read.

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@MikeCChandler Would read a plain-English one on what happens to a withdrawal that simply runs out of time versus one that gets voted down. People mix those up all the time.

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@LeaderAlphaNews @IntersectMBO @DeOpenSourceGuy That giant golden key is explaining the steward debate faster than half the forum threads.

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@DailyOnCardano Naming the data source right in the post is what more briefs should do.

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@jonahkoch @DRepCouncil Useful for proposers as much as DReps. A checklist built from real rationales beats guessing what people want.

[Ratify Weekly @RatifyWeekly]

@yutazzz Appreciate the full reasoning being written out, makes it easy to see exactly where the No comes from.

[Ratify Weekly @RatifyWeekly]

@IsauroBargas Curious whether procurement is the sticking point, or the size of the ask?

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@Tanakafj Asking before the November filing is the right order. Which part of the budget framework do you expect Japanese DReps to push on?

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@BKINDSPO Finally, DRep keys get an air gap. Does the signer cover vote transactions too?