Governance continued 14 Cardano Foundation Activity Report 2025 A snapshot of governance enablers Key governance enablers introduced or strengthened during 2025 included: ICC and DRep voting and support in governance for the largest Cardano on-chain budget submitted so far for Cardano, resulting in 38 separate Treasury Withdrawal governance actions to the blockchain. Enterprise membership of Intersect involved active participation in multiple Intersect committees and working groups , including civics & constitution, budget, technical, product, open source enablement, marketing, and oversight. This engagement resulted in the Foundation contributing to or spearheading several resources, including the Constitutional workstream , the Cardano 2030 Vision and Strategy, Unified Global Events Strategy , the Cardano Summit 2025 proposal , and the Cardano 2026 Budget Process . The open-source Cardano Voting Tool enables secure participation in governance actions. The Proposal Examiner (beta) was developed with Griffin AI to enable clearer proposal assessment. Governance Action Flow Charts simplify navigation of governance processes for new and existing participants. Expanded Developer Portal governance documentation, with updated guides for governance submissions and procedures. Bespoke and extensive governance sessions at Day Zero of Cardano Summit 2025 . The DRep Delegation Program , distributing 140 million ada to seven Builder DReps, with a further 220 million ada allocation to Adoption and Operational DReps announced. Publication of the Constitutional Committee’s cold keys reinforces transparency during the governance transition. Internal frameworks for DRep delegation and the Constitutional Committee election to strengthen procedural clarity. Governance