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civics-meeting-minutes-december-7-2023.md

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Civics Meeting Minutes December 7, 2023

Governance Guardrails Working group summary of conclusions:

  • We think the Cardano treasury should be depletionary, as well as a budget agreed to by DReps.
  • We also agree that the funds in the treasury pot should not be delegated to SPOs or DReps.
  • We are suggesting that a value of X ADA per Y epoch needs to be set, and right now are thinking 2.47% per 12 epochs based on the LATAM community’s research.
    • The number itself does not go in the minimum viable constitution, but rather the rule that this number must be established by the DReps, and when possible, make it a protocol parameter and then sit outside of the constitution
  • The working group is hosting community X spaces on some topics to gather diverse perspectives - it’s an open invite for the community to join.

Informational update about the other committees of Intersect

  • There was an overview of the committees within Intersect to provide visibility to the committee members.
  • 2024 backlog of focus areas for this committee has been created. New topics raised:
    • Define the method for committees to stay connected within Intersect
    • Budget committee work should be in context of broader economics.
    • Exploring how Cardano interacts with capital/monies from outside of the Cardano treasury and ecosystem.
    • Map the RACI of committees within Intersect