
Eastern Cardano Council
307 posts

Eastern Cardano Council
@EasternCardano
A diverse group of Cardano contributors from APAC region. Cardano ICC member. Pubkey: a12e0d6516828fd47afc70e2eccdfa11a4f4c76cb5eca55bdc9349865a70e4fe


Following feedback from the community about our NCL Status announcement, we have provided more information regarding our rationale in a post on the Cardano Forum. forum.cardano.org/t/eastern-card… We look forward to working with the community to develop more robust processes and frameworks, to help alleviate issues relating to the NCL and other governance matters in the future.




Following feedback from the community about our NCL Status announcement, we have provided more information regarding our rationale in a post on the Cardano Forum. forum.cardano.org/t/eastern-card… We look forward to working with the community to develop more robust processes and frameworks, to help alleviate issues relating to the NCL and other governance matters in the future.

Net Change Limit Status The ECC team recently discussed the status of Cardano's Net Change Limit (NCL) and have determined that there is currently NO active NCL. This means that we will be required to find the treasury withdrawal governance actions currently on-chain as unconstitutional. The previously active NCL (gov_action169kllwhfmp488je5x5rwvufd08p8sztdcf0ghf5sp6ey2gnjdwaqql47xry) ended at the conclusion of epoch 612. While 2 governance actions were recently submitted to establish a new NCL, neither have met the criteria necessary to be considered ratified. While the Info action titled "Net Change Limit (Epoch 613 to Epoch 713)" (gov_action1m3xx08yv788vfxqh6nfvrjtvmqpwezsy0ggaczctkyjmttc2wmxsq4jsr7q) did meet the 50% DRep approval requirement, it did NOT meet the constitutionality assessment threshold by the Constitutional Committee. The latest NCL governance action titled "Net Change Limit of 300 Million ADA for Epochs 613–713" (gov_action1wwjwkg2g0qwr0mehey9r8gwn6qz3r28wl6wdl2s75kfmpy8j87tqqtft9tp) did NOT meet the 50% DRep approval requirement.










Net Change Limit Status The ECC team recently discussed the status of Cardano's Net Change Limit (NCL) and have determined that there is currently NO active NCL. This means that we will be required to find the treasury withdrawal governance actions currently on-chain as unconstitutional. The previously active NCL (gov_action169kllwhfmp488je5x5rwvufd08p8sztdcf0ghf5sp6ey2gnjdwaqql47xry) ended at the conclusion of epoch 612. While 2 governance actions were recently submitted to establish a new NCL, neither have met the criteria necessary to be considered ratified. While the Info action titled "Net Change Limit (Epoch 613 to Epoch 713)" (gov_action1m3xx08yv788vfxqh6nfvrjtvmqpwezsy0ggaczctkyjmttc2wmxsq4jsr7q) did meet the 50% DRep approval requirement, it did NOT meet the constitutionality assessment threshold by the Constitutional Committee. The latest NCL governance action titled "Net Change Limit of 300 Million ADA for Epochs 613–713" (gov_action1wwjwkg2g0qwr0mehey9r8gwn6qz3r28wl6wdl2s75kfmpy8j87tqqtft9tp) did NOT meet the 50% DRep approval requirement.





📜 CC MEMBER VOTE ALERT! 📜 🗳️ The vote is: Constitutional 👥 Voted by: Eastern Cardano Council 🔗 Gov Action: adastat.net/governances/32… 🔗 The vote rationale: raw.githubusercontent.com/Eastern-Cardan… #Cardano #Blockchain #Governance


📜 CC MEMBER VOTE ALERT! 📜 🗳️ The vote is: Constitutional 👥 Voted by: Eastern Cardano Council 🔗 Gov Action: adastat.net/governances/03… 🔗 The vote rationale: raw.githubusercontent.com/Eastern-Cardan… #Cardano #Blockchain #Governance


📜 CC MEMBER VOTE ALERT! 📜 🗳️ The vote is: Abstain 👥 Voted by: Eastern Cardano Council 🔗 Gov Action: adastat.net/governances/a3… 🔗 The vote rationale: raw.githubusercontent.com/Eastern-Cardan… #Cardano #Blockchain #Governance



