Upstream, Cardano Stake Pool (UPSTR)
13.6K posts
@Upstream_ada
Upstream UPSTR - Cardano Stake Pool - Events, Workshops, Governance | https://t.co/TKSH2wSfjB | Midnight | Mithril | Mainnet | PreProd | Preview | Sancho
POAP is going into maintenance mode as of March 16th. Existing issuers will continue to have access to POAP platform tools as usual, but new issuers will no longer be able to access the platform. Read more about what's happening 👇
Of course, they can copy/paste any DRep ID. But that implicitly assumes that all delegators know where to copy the DRep ID from and that they have the time to do so, when they just want to withdraw staking rewards. Unfortunately, this is not the case. Most delegators do not know where the DReps list is. They do not know the governance tools. The community did not approve funding for the 2 largest governance tools, so they are not maintained. As I said, it is impossible to know how many delegators make the choice consciously and how many unconsciously (out of laziness). We can only ask if it makes statistical sense. It does not.
Everyone wants Cardano adoption, but are you actually using the network? 🧐 Don't just talk about it, be the adoption. Open your wallet right now. Swap a token, provide some liquidity, or try something new. Put your ada to work. Just use the chain. 🤝
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.
The Cardano ecosystem is at an inflection point. And EMURGO, as part of the Pentad, is ready for it. The conversation around Cardano funding has been dominated by infrastructure. @IOHK_Charles is right to call for a rebalance. Infrastructure alone does not build ecosystems. Presence does. People do. Experiences do. This is why both EMURGO, alongside @Cardano_CF, has been executing under the Unified Global Events Marketing Strategy, putting Cardano as one in the right rooms, in front of the right audiences, at the right moments. Token2049. Consensus HK. The Cardano Hackathon and the upcoming TEAMZ event in Japan. The experiences layer, as Charles described, the onboarding, the unified brand presence, the developer engagement, these are not nice-to-haves. They are the growth engine, and they require the same level of strategic commitment as any infrastructure investment. The next chapter of Cardano belongs to the entities and builders willing to show up, invest, and execute. We are one of them.
