According to @ItsDave_ADA, a vote with 61.83 million ADA voting power was cast to approve the Cardano Foundation as the new managing entity for Project Catalyst. The decision is aimed at ensuring operational continuity, safeguarding milestone payouts for builders, and responsibly transitioning the administration. This move also aligns with fiscal discipline objectives, as unspent funds from prior allocations will be returned to the Cardano Treasury, supporting long-term ecosystem stability and growth.

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