According to @ItsDave_ADA, he voted with 36.89 million ADA in favor of a treasury withdrawal proposal to issue a 5,000,000 ADA repayable loan aimed at expanding Cardano’s global exchange listings, positioning it as a strategic investment for ecosystem growth and native token accessibility; he shared the announcement on X and included a transaction link for transparency, noting this is structured as a loan rather than a grant for sustainable treasury replenishment (source: x.com/ItsDave_ADA/status/1987476000700031187; source: adastat.net/transactions/e34a4d4e18bd825e4048454fc36f2766c7145681bb91218af2e6421c411cafb1). According to @ItsDave_ADA, the loan carries 2.44% interest, will be administered by Intersect, and will be overseen by a Board of Advisors with bi-yearly reporting and clear success metrics, which he emphasizes for accountability and execution tracking (source: x.com/ItsDave_ADA/status/1987476000700031187). According to @ItsDave_ADA, he encouraged the SNEK team to consider early repayments to build community trust and framed the initiative as a message that Cardano will invest in its own growth, inclusion, and competition, highlighting measurable milestones for traders to monitor such as reporting cadence and loan servicing progress (source: x.com/ItsDave_ADA/status/1987476000700031187).

According to @ItsDave_ADA, he voted YES with 32.64 million ADA on the SNEK treasury proposal titled Budget: ₳5M Loan for Cardano's Global Listing Expansion - Powered by Snek. Source: Dave (@ItsDave_ADA) on X, Sep 6, 2025, https://twitter.com/ItsDave_ADA/status/1964445960077300107 He described it as Cardano’s first repayable treasury loan (not a grant) with the stated goal of breaking ecosystem isolation and paving the way for Cardano native tokens to reach major exchanges, a trading-relevant push for broader market access and liquidity. Source: Dave (@ItsDave_ADA) on X, Sep 6, 2025, https://twitter.com/ItsDave_ADA/status/1964445960077300107 He emphasized accountability, urged the Snek team to consider early repayments to prove the model, and highlighted future on-chain treasury withdrawals paired with a native lending/borrowing protocol as a governance advancement traders should monitor. Source: Dave (@ItsDave_ADA) on X, Sep 6, 2025, https://twitter.com/ItsDave_ADA/status/1964445960077300107 He also shared his DRep profile for transparency on voting activity. Source: https://adastat.net/dreps/drep1ygsgfhcydhlfglamhzkjn97rz3edef8a4z99fwl2frcwnrcmgurt3