According to @ItsDave_ADA, he cast a NO vote with 37.71 million ADA on the Cardano governance action Net Change Limit (Epoch 613 to Epoch 713), stating the proposed 350M ADA cap is excessive (source: X post https://x.com/ItsDave_ADA/status/2010699440944738368; transaction reference https://adastat.net/transactions/79bab53fe9f84e61127371e7ba725958554ae45e6bc3cd399d24fd87afeca3da). He advocates a reduced Net Change Limit of 200–250M ADA to enforce strict fiscal discipline based on conservative inflow projections and to prioritize growing the treasury after recent heavy infrastructure spending (source: X post https://x.com/ItsDave_ADA/status/2010699440944738368). He also voted NO on the DeltaDeFi: Hydra Trading Infrastructure Budget request for 1.5M ADA, supporting Hydra development but opposing treasury subsidies for operational costs of individual commercial DEXs (source: X post https://twitter.com/ItsDave_ADA/status/2010700249094877211). He recommends projects like DeltaDeFi seek funding via Project Catalyst or private venture capital and reserves treasury spending for neutral, protocol-level public goods (source: X post https://twitter.com/ItsDave_ADA/status/2010700249094877211).

According to @ItsDave_ADA, he cast a NO vote with 37.71 million ADA on the Cardano governance action titled "DeltaDeFi: Hydra Trading Infrastructure Budget (1,500,000 ADA)" on January 12, 2026, acting on behalf of his delegates. Source: https://twitter.com/ItsDave_ADA/status/2010699440944738368 He stated he supports Hydra development but opposes using the Cardano Treasury to subsidize operational costs of an individual commercial DEX by 1.5 million ADA. Source: https://twitter.com/ItsDave_ADA/status/2010699440944738368 He added that such projects should seek funding via Project Catalyst or private venture capital and that treasury funds should be reserved for neutral, protocol-level public goods rather than picking winners in the competitive DEX market. Source: https://twitter.com/ItsDave_ADA/status/2010699440944738368 He linked a transaction reference for the vote to ADAstat. Source: https://adastat.net/transactions/79bab53fe9f84e61127371e7ba725958554ae45e6bc3cd399d24fd87afeca3da