Withdraw ₳2,162,096 for Midgard - Optimistic Rollups administered by Intersect
This treasury withdrawal funds **Midgard - Optimistic Rollups** which will provide the following services: Midgard, which is a modular framework for deploying optimistic rollup Layer 2s on the Cardano blockchain, designed to enhance transaction throughput, reduce costs, and enable advanced decentralized applications. This Treasury Withdrawal is submitted by Intersect on behalf of the vendor. The following sections; Abstract, Motivation, Rationale and Vendor Profile have been sourced from the approved proposal submitted by the Vendor as part of the Intersect budget process. This treasury withdrawal funds one of 39 proposals to give effect to the approved budget info action for ₳275,269,340, administered by Intersect via gov_action1u9x73kwufaxa70lfy59g4ynwyrcsaxdcd0gxzzmh67s9fxq4j8hqqk2phgh. The information provided herein is intended to fulfill the spirit of the constitutional requirement for a treasury withdrawal info action by also providing the details of the proposed solution, alignment to the budget, and amount to be withdrawn from the Cardano Treasury.
Reasoning
Written after the vote was cast
What this asks for, and from whom
2,162,096 ADA for Midgard, optimistic rollups for Cardano, administered by Intersect.
What would have to be true for this to be a good use of treasury funds
Optimistic rollups are a proven scaling pattern elsewhere and Cardano needs working layer 2 options that developers can actually deploy on.
What specifically concerns me
This was part of the 2025 Intersect budget slate, which I voted as a slate. I am saying that plainly rather than pretending each line got its own week of deliberation. The slate came through a community budget process with a support threshold before it ever reached the chain, and my judgment was that the process outcome deserved backing in Cardano's first real treasury cycle. Same note as the other scaling items: Cardano funds several parallel L2 approaches, and the ecosystem eventually needs to back the ones attracting real applications rather than sustaining every direction indefinitely.
What I am asking of the proposer if this passes
It was enacted. Report applications deployed and volume settled. Architecture comparisons do not matter. Usage does.