🪏 musikc

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🪏 musikc

🪏 musikc

@InASingleWord

Christina ✨I do things👉 https://t.co/v08CpezBVJ My Midnight 🔗s https://t.co/jHgqkJp318 Cardano Budget 2026 👉 https://t.co/AxyxzPNC9q

Greater Boston Area Katılım Kasım 2013
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🪏 musikc
🪏 musikc@InASingleWord·
Hey that's me! 😂What makes musikc tick? Horses? Budget spreadsheets? Sophisticated GitHub queries? I might surprise you🤔 Guess you'll have to join us tonight to find out! 🔗👇
Jarhead@Calidrew

🧵 #Characteristics this week! ⏱️Fri August 15 at 6PM EST | 10PM UTC 🎙️ Guest: Musikc (@InASingleWord) — Member of @blinklabs_io & @pragmaplatform, Co-Host of Cardano Over Coffee (@coc_space) 👊🏽 🗣️ Tune in. Get inspired. ❓ Q&A after! Set a reminder in the post 👇🏽

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Adam Dean
Adam Dean@adamKDean·
@jrv97_velazquez Hey guys, we've only delivered on 3 of the 5 so far, and we spent all the money anyway so if you could go ahead and approve us to do it again that would be great!
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Jose Velazquez
Jose Velazquez@jrv97_velazquez·
We are ready for Pentad V2. Front run the budget process too 😂😂
Intersect@IntersectMBO

The Cardano Critical Integrations (CCI V1) closure report is now live. intersectmbo.org/news/cardano-c… Delivered collaboratively by members of the "Pentad" including @Cardano_CF, @emurgo_io, @IOGroup, @midnightfdn, and Intersect, CCI V1 brought four major integrations live or into final implementation: • USDCx by Circle • LayerZero • Pyth Network • Dune Analytics The report provides a shared account of what ₳70M in community approved funding delivered, how funds were administered, lessons learned, and the path toward CCI V2. A major milestone for Cardano's infrastructure and institutional readiness.

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🪏 musikc
🪏 musikc@InASingleWord·
@SCATDAO @jazzwhistle @BeRewt Ours did and so many balked at it. 🤦🏼‍♀️ Seriously if you went and looked through the no rationales there were a lot of people saying that we wanted too much per person.
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Nicolas `BeRewt` Biri
Nicolas `BeRewt` Biri@BeRewt·
It's not academic, but private research, which is usually more expensive. But let start from there. Add the benefits cost (usual industry ratio 70/30) so roughly x1.42. Add the Facilities & Administrative (F&A), the lowest I found is the NIH, at 28% (x1.28) 108k* 1.42*1.28=196K
Smart Contract Audit Token@SCATDAO

As of May 2026, the average annual salary for a university or academic researcher in the United States is roughly $108,000 to $113,000, with most salaries ranging between $67,000 and $154,000 Source - Google

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🪏 musikc
🪏 musikc@InASingleWord·
This was a big deal and so much went into it but here it is all summed up nicely 👇🏼
Blink Labs@blinklabs_io

Dingo funding transparency update 📢 We have converted most of the ADA to stablecoins and have returned it to the treasury contract. This was done via sending to Kraken for OTC trade. We traded 5630001 ADA (6900000 ADA - 900000 contingency - 370000 ADA pay for wolf31o2 + 1 ADA test send) for 1531360 USDC at 0.272 and then sent it across the bridge to USDCx in the treasury contract. Withdrawal from rewards to treasury: cexplorer.io/tx/89f62690bb0… Disbursement to Kraken: cexplorer.io/tx/29722610ea0… Test bridge 100 USDC: basescan.org/tx/0xe6da2bbad… cexplorer.io/tx/bbf2fd80232… Full bridge remaining USDC: basescan.org/tx/0x1d9b3dfd5… cexplorer.io/tx/bf32b239cea… All of this is tracked in our treasury-proposal repository. Journal items tracking all transactions are in the journal directory. github.com/blinklabs-io/t…

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🪏 musikc
🪏 musikc@InASingleWord·
@coc_space x.com/DiscoverCardan…
DiscoverCardano@DiscoverCardano

GM Cardano! Proud to announce we are holding a UK event at the end of this month! 📝 Intersect update, Budget proposals and governance, Discover Cardano activities UK autumn conference plans, and much more… 🍱 &🥤served throughout the day. For anyone interested in coming, please read the details in the link below! 👇 📍 Loughborough, UK 📆 Saturday 30th May ⏰ 9:00am-5:00pm 💷 £45.00 (10 x early 🐦 £35.00) 🏨 on site (link in meet-up details) 👥 30 people Discover Cardano - UK meetu.ps/e/Q1fdm/XDKZ9/i

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🪏 musikc
🪏 musikc@InASingleWord·
Join me in less than half an hour! A little banter and then we learn more about the 📑IO Research proposal, it's a big ask at 32M ADA but there's 7 packages to discuss, and then we hear from Dave about what's going on in London in 2 weeks 🥳
Cardano Over Coffee@coc_space

Tomorrow ☕️ Joining us: 🔸️@fergiemiller from @IOGroup to discuss the Cardano Vision 2026: Human Centred, Scalable, Post Quantum Secure - IO Research proposal. 🔹️@invalid_eutxo from @DiscoverCardano to talk about their upcoming UK event 🇬🇧 RSVP 👇 x.com/i/spaces/1MJgN…

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Elder Millenial
Elder Millenial@ElderM·
@InASingleWord @blockfrost_io @txpipe_tools Yeah, and thats what Im getting at. When does a DAO make sense? I think when they have a clear plan and vision, but maybe specific details need to be worked through during the process, then a DAO makes sense.
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🪏 musikc
🪏 musikc@InASingleWord·
Cardano needs tooling but I prefer 𝘥𝘪𝘳𝘦𝘤𝘵 tooling proposals. We have several new allocator style proposals but we already have 2 ways to request funding: via Intersects process or direct on chain. ✅ We have direct tooling asks from teams like @blockfrost_io, @txpipe_tools & many more. Fund direct. ⛔️Why create another layer of middle management? ⛔️Why remove your ability as a DRep to decide who receives the funding?
TapTools@TapTools

Cardano needs more than just protocol upgrades. APIs, SDKs, explorers, analytics, and open-source tooling are critical infrastructure for the ecosystem. The proposed Cardano Tooling DAO aims to help sustain them long term. Full breakdown: medium.com/tap-in-with-ta…

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🪏 musikc
🪏 musikc@InASingleWord·
@ElderM @blockfrost_io @txpipe_tools Not to me for the purpose of holding a funding proposal round like that. If a DAO came together, i.e. a marketing DAO, and they made a proposal for how they would run various marketing events for the year for X funding, that's the kind of DAO I could get behind.
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🪏 musikc
🪏 musikc@InASingleWord·
@ch1bo_ Can you list a few milestones you're proud of from that first year?
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Sebastian Nagel
Sebastian Nagel@ch1bo_·
It's exactly one year since I've taken on the Leios project and things are getting real 🫡
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🪏 musikc
🪏 musikc@InASingleWord·
1. if they do, why do you want more? thats the most inefficient thing ive heard in a while 2. opposing DAOs is not supporting centralization, we already covered there's the 1) TW, there's 2) Intersect, there's 3) Orion, and we expect 4) Catalyst to return in some new way and I know folks have used 5) Socious as well. hows that centralized?
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Cardano YOD₳
Cardano YOD₳@JaromirTesar·
Respectfully, Cardano already uses middlemen everywhere. Intersect manages the budget process. Draper Dragon manages investment capital through Orion. IO operated Catalyst. Committees handle governance work. What is better for Cardano? Large centralized entities or a permissionless DAO with transparent rules? By opposing DAOs, you are essentially supporting centralization. You know that?
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Cardano YOD₳
Cardano YOD₳@JaromirTesar·
If Cardano doesn’t fund smaller DAO-based funding layers, we’re heading towards a system where only large Treasury Withdrawals remain. That's a problem. Project Catalyst was suspended in its previous form, removing the main entry point for early-stage builders, open-source contributors, educators, and community initiatives. Orion Fund serves a very different purpose. It focuses on venture-style investments, RWA, institutional DeFi, and commercially scalable companies. That leaves a massive gap. Small builders, governance tools, research projects, public goods, local communities, and experimental teams are often too small for multi-million ADA Treasury Withdrawals and not a fit for Orion. And let's be realistic. DReps cannot efficiently process hundreds of small on-chain Treasury Withdrawals every year. That would overwhelm governance bandwidth. DReps are already exhausted. Well-designed DAOs can help solve this by allowing active DReps to process smaller proposals in a structured way, while on-chain governance stays focused on major capital allocation decisions. Consider this. If large IO proposals, Tweag proposal, Intersect budgets, and committees absorb most of the Treasury, what's left for startups and smaller builders? Cardano needs to invest in growth, not allocate almost all of its resources to infrastructure and operations. Otherwise, Cardano risks becoming a system where only large, well-capitalized teams can survive the governance era. Can Cardano afford to stop supporting startups? That would be a mistake. The competition welcomes them with open arms.
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🪏 musikc
🪏 musikc@InASingleWord·
@ElderM @blockfrost_io @txpipe_tools Well we currently have 6 proposals that all aim to fill this role for 60,007,260 ADA and 3 more that include an allocation layer included in their 32,363,630 ADA.
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Elder Millenial
Elder Millenial@ElderM·
I really agree eith this. Between Catalyst and builder dao, and the slew of other new daos, I see the logic behind it because it helps remove some burden from dreps. Thats a good and bad thing. Im generally opposed to more bureaucracy, and DAOs effectively do that. As you can see Im torn on this because I see the value in a DAO, but I also dont like the idea of more finds disappearing into separate governance structures. So when does a DAO make sense? Thoughts?
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🪏 musikc
🪏 musikc@InASingleWord·
DReps dont have to participate in Catalyst, much like the suggestion that only some DReps need to participate in these DAOs. You are right, it does seem filled by Catalyst. I am very eager to see what CF comes back with for Catalyst much like when Catalyst took that time off around Fund 10 for a while and came back.
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Cardano YOD₳
Cardano YOD₳@JaromirTesar·
@InASingleWord @AussieBella__ There were 199 projects funded in Catalyst Fund 13. Do you remember how many proposals were submitted? Trust me, many DReps don't have the capacity to handle this. Some do.
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🪏 musikc
🪏 musikc@InASingleWord·
@JaromirTesar @AussieBella__ 1000 proposals a year? You are completely making up those numbers, this is literally the second time we're doing this and it's nowhere close 🤦‍♀️
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Cardano YOD₳
Cardano YOD₳@JaromirTesar·
@InASingleWord @AussieBella__ I hope I have explained it to you. Do you have more questions? Feel free to ask: x.com/JaromirTesar/s…
Cardano YOD₳@JaromirTesar

Relying solely on direct proposals (TWs) through on-chain governance means that DReps must be willing to process 100-1000 proposals per year. Are they ready for that? There were hundreds of proposals in Catalyst. Should everyone apply via TWs? What if a team only wants 50K for an MVP? Should they deposit 100K and try it via TW? Governance must scale and be executed by engaged DReps. Otherwise, it is unsustainable. IO proposals expire in 11 days. Reality check: only about 100 DReps have voted so far. Comments in the Intersect Budget process say a lot about engagement. DReps could demand cost reductions, revenue sharing, and many other benefits for the ecosystem. Why do they ignore it? Maybe they are too busy with TWs. The reality is that DReps are not very engaged. Increasing the number of TWs will only cause many to retire. The current 90 proposals are a huge burden for DReps. DAOs have many advantages: - DReps who are willing to process a larger number of proposals enter DAOs. - DAOs can hire external experts and be as efficient as other funding vehicles. This is the advantage of coordination. - DAOs are better suited to gaining context faster. The quality of decisions can be higher. - DAOs can have a strategy and prioritize. - DAOs can design processes that will lead to a better selection of proposals. Should I continue? The Cardano Constitution supports the emergence of DAOs. It is a natural extension of the governance model, allowing on-chain governance to remain largely unchanged while increasing efficiency.

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Bella
Bella@AussieBella__·
@JaromirTesar So you want another project catalyst that is decided by DReps and not individuals? Why not wait for catalyst to return rather than doubling up on the same thing?
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🪏 musikc
🪏 musikc@InASingleWord·
@phillip_pon @YoramBenzvi @maureenyam This is literally the first task to do. It's ridiculous this wasn't offered previously, it's like gambling with a company's payroll funds.
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Phillip Pon
Phillip Pon@phillip_pon·
Great point @maureenyam. I also think the opposite is a concern for the ecosystem as well. Imagine you're that same contractor that has to hit milestones to have payment released but the payment is half in dollar terms now (and you've order the materials at full price). There is a real risk that those who didn't hedge their ADA withdrawals are now at risk of delivering that kitchen because their suppliers want dollars. So what do we do, actually @IntersectMBO has thought about this and if they are selected as an administrator for the project, they can help hedge the ADA (or convert to stables via OTC to reduce price impact). This certainty is essential for fair use of the treasury to deliver outcomes. I agree no one should be trying to speculate on ADA price when they've been contracted to deliver an outcome. Intersect will help (based on my understanding from a chat I had with @JBriggsLondon on this exact issue last week). Thanks for bringing it up but it definitely works both ways... and right now I've heard from a number of projects that didn't hedge who are struggling a bit.
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Maureen
Maureen@maureenyam·
Imagine hiring a contractor to build your kitchen for $10,000. He takes the cash, walks to the casino, puts it all on black, and tells you the kitchen will be done “when the times’ right.” Three months later you ask for an update and he says he’s actually waiting for black to hit twice in a row so he can build you a bigger kitchen. You didn’t ask for a bigger kitchen. You asked for a kitchen. You have been eating cereal off the floor for ninety days. I’m talking about treasury funding on Cardano. We currently have 60+ budget proposals, most of them pegged at $0.25 $ADA. Some will get approved, theADA hits their wallet, and then it just… sits there while theyre hoping ADA hits a dollar so their $10M proposal magically becomes $40M and they can deliver the same scope while pocketing the difference. And then we sit in spaces wondering why nobody uses the chain. Bro. The biggest recurring ADA outflows on this network are sitting frozen in wallets waiting for a candle. Of course there’s no velocity. The people getting paid are the ones least incentivized to actually use the money they got paid with. If you quoted USD, convert what you need, spend what you need, stop treating ecosystem funding like a personal long position. Stop being greedy bastards hoarding ecosystem money waiting for a pump. Deliver the work you promised, with the money you asked for, at the price you quoted. It can’t be that hard. #Cardanocommunity
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🪏 musikc
🪏 musikc@InASingleWord·
@VKyslik @JaromirTesar Agreed it can be tricky but my point was even when payment was offered it didn't help. I like your ideas tho Yoda had certainly provided data I've found helpful ❤️ Tho I am still opposed to adding middle management to DReps via DAOs
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Vladislav Kyslik
Vladislav Kyslik@VKyslik·
@InASingleWord @JaromirTesar Paying DReps carries risk that some people will simply register votes without actually reading anything.Some kind of weighting based on voting power would probably be OK.We need to have conditions for DReps so they don’t leave. E.g. Yoda's work is excelent and should be rewarded.
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Cardano YOD₳
Cardano YOD₳@JaromirTesar·
Relying solely on direct proposals (TWs) through on-chain governance means that DReps must be willing to process 100-1000 proposals per year. Are they ready for that? There were hundreds of proposals in Catalyst. Should everyone apply via TWs? What if a team only wants 50K for an MVP? Should they deposit 100K and try it via TW? Governance must scale and be executed by engaged DReps. Otherwise, it is unsustainable. IO proposals expire in 11 days. Reality check: only about 100 DReps have voted so far. Comments in the Intersect Budget process say a lot about engagement. DReps could demand cost reductions, revenue sharing, and many other benefits for the ecosystem. Why do they ignore it? Maybe they are too busy with TWs. The reality is that DReps are not very engaged. Increasing the number of TWs will only cause many to retire. The current 90 proposals are a huge burden for DReps. DAOs have many advantages: - DReps who are willing to process a larger number of proposals enter DAOs. - DAOs can hire external experts and be as efficient as other funding vehicles. This is the advantage of coordination. - DAOs are better suited to gaining context faster. The quality of decisions can be higher. - DAOs can have a strategy and prioritize. - DAOs can design processes that will lead to a better selection of proposals. Should I continue? The Cardano Constitution supports the emergence of DAOs. It is a natural extension of the governance model, allowing on-chain governance to remain largely unchanged while increasing efficiency.
🪏 musikc@InASingleWord

Cardano needs tooling but I prefer 𝘥𝘪𝘳𝘦𝘤𝘵 tooling proposals. We have several new allocator style proposals but we already have 2 ways to request funding: via Intersects process or direct on chain. ✅ We have direct tooling asks from teams like @blockfrost_io, @txpipe_tools & many more. Fund direct. ⛔️Why create another layer of middle management? ⛔️Why remove your ability as a DRep to decide who receives the funding?

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Keşfet

@BeatriceAnihiri @ESCOweb3 @adamKDean @jrv97_velazquez @SCATDAO @jazzwhistle @BeRewt @coc_space