39 Cardano Treasury Proposals Enter Live DRep Vote — Including 10M ADA Amaru Node Bid
As of mid-March 2026, Intersect has 39 on-chain treasury withdrawal actions simultaneously open for DRep voting, the most active governance sprint in Cardano's history. The most closely watched proposal is the 10.14 million ADA Amaru request — funding a Rust-based alternative block-producing node — which reached 56.39% DRep approval toward a 67% supermajority threshold.
Cardano's on-chain governance entered its most intensive phase to date in the final week of March 2026, with Intersect confirming that 39 treasury withdrawal governance actions are simultaneously open for DRep voting. The sheer volume represents a stress test of the Voltaire governance architecture and a demonstration that the system can handle concurrent, high-value deliberation at institutional scale.
The Scope of the Proposals
The 39 proposals span the full breadth of Cardano ecosystem development — core protocol research, ecosystem tooling, developer education, regional adoption programs, and DeFi infrastructure grants. Community analysis of on-chain records suggests the combined ask exceeds 85 million ADA from the Cardano treasury, the largest single governance voting sprint by value in the network's history.
The single largest individual proposal is a 10 million ADA request from the Amaru Node project, which is building an alternative Cardano full-node implementation in Rust. Amaru's proponents argue that client diversity is a critical security property the network currently lacks, since the Haskell-based node maintained by IOG is the only production-grade implementation. The proposal reached 56.39% DRep approval toward a 67% supermajority threshold.
DRep Participation and Governance Dynamics
DReps — Delegated Representatives elected by ADA holders under CIP-1694 — are the primary voting body for treasury withdrawal actions. Each DRep's vote is weighted by the ADA delegated to them, and proposals require a configurable threshold of active stake to pass. Active DRep participation across the 39 open actions is averaging approximately 58% of registered delegated stake, which observers describe as healthy but with room for improvement.
The governance sprint has surfaced tension between different factions within the DRep community. A bloc of large DReps has publicly advocated for approving only proposals with verifiable milestones and third-party auditing requirements, while a separate group argues that over-engineering accountability mechanisms will slow ecosystem development and disadvantage smaller teams.
Constitutional Committee Oversight
All 39 proposals must also pass review by Cardano's Constitutional Committee, a seven-member body that evaluates governance actions for constitutional compliance. The Committee is reviewing each proposal for adherence to the spending guidelines codified in the Cardano Constitution ratified in late 2025. The full governance sprint is expected to reach resolution by mid-April 2026.