TOLY’S DOG (ADA)

GOVERNANCE VOTE 🗳️

As a DRep, we've ABSTAINED on the IO: Hydra governance action (16.53M ₳ voting power).

We want Hydra to succeed. The only sticking point is IO's thin budget detail on a multi-million ADA ask, with no clarity on whether this is one-off hardening or ongoing maintenance.

Full rationale:
"We are in the YES camp on Hydra. We consider Hydra strategically important, and we believe this is among the proposals that Cardano should seriously support and ultimately pass. We are not abstaining because we question the value of Hydra or the need to continue developing Layer 2 infrastructure.

The only reason we are not voting YES is the continued black-box level of transparency repeatedly presented by Input Output when requesting public treasury funds.

For a multi-million ADA withdrawal, the proposal should provide a much clearer breakdown of personnel, contractors, infrastructure, audits, testing, DevRel, project management, and contingency. Strategic importance should not lower the standard of public-fund accountability. If anything, major ecosystem actors should be held to a higher transparency standard.

We are also missing a clearer long-term funding picture. It is not fully clear whether this is a one-time production-hardening effort or the beginning of recurring treasury-funded Hydra maintenance. If Hydra is critical infrastructure, Cardano needs to understand the expected annual maintenance cost and what should be funded as a public good.

Future reporting should also focus on measurable production outcomes: public benchmarks, active integrations, volume processed through Hydra, operational reliability, developer usage, and measurable impact on L1 activity or fees.

For these reasons, we abstain. Hydra should move forward, but repeated black-box budget transparency from IO should not become the normal standard for Cardano Treasury funding."

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Cardanians stake pools: https://t.co/DHIRaOJ2UB

DRep ID: drep1yt4lyf0fwlrz8k6j5evd3rxw0sqp67qkh36su98a97q3qsc0h03y4

https://t.co/SS2XxsExu3

Link to the vote: https://t.co/nsQTwgajf0 https://t.co/MnV53SsgB8

We appreciate the support of our DRep delegators!

If you like the way we vote, consider delegating to us too.

Our DRep ID: drep1yt4lyf0fwlrz8k6j5evd3rxw0sqp67qkh36su98a97q3qsc0h03y4

Check our votes on Cexplorer: https://t.co/SgY0yCrM8B