Overview

• A treasury vote on August 2 authorized the withdrawal of 96.8 million ADA to fund IOE’s multi-year roadmap with roughly 74% voter approval, marking the first community-sanctioned core development spending.
• Intersect will oversee milestone-based disbursements contingent on verified deliverables as IOE provides monthly progress updates and quarterly budget reports for full transparency.
• The approved upgrade plan targets higher throughput via Ouroboros Leios, faster and cheaper transactions with Hydra, reduced bootstrap times through Mithril enhancements and modular node architecture under Project Acropolis.
• IOE leaders have hailed the vote as a model for decentralized governance, emphasizing shared responsibility and integrity in delivering protocol enhancements.
• Future funding rounds will bring in external vendors from the Cardano Developer Ecosystem Coalition to expand participation and deepen network decentralization.