Approve Cardano Foundation as New Managing Entity of Project Catalyst
The Cardano Foundation (CF), supported by Input Output Group (IOG), is requesting community approval to be appointed as the new managing entity for Project Catalyst. This will allow for full and effective transition of Catalyst operations and responsibilities from IOG to CF in accordance with the statutes of the Catalyst Foundation Company (CFC). This transition will ensure continuity of operations and minimise delays on milestone reviews and eligible payouts for teams delivering against projects in Funds 10-14. This approval request and Info Action is unrelated to Intersect’s role as the constitutionally mandated budget administrator for funds 14 to 16. This request is also unrelated to the already announced return to the Cardano Treasury of the previously approved allocations for Fund 15 and 16. This Info Action will be considered approved, if greater than 50% of the active DRep voting stake votes YES upon the action's expiration.
Reasoning
Written after the vote was cast
What this asks for, and from whom
An Info Action approving the Cardano Foundation as the new managing entity of Project Catalyst.
What would have to be true for this to be a good use of treasury funds
Catalyst needs competent stewardship. It has funded a lot of work and burned a lot of goodwill, and whoever runs it needs both operational capability and community trust.
What specifically concerns me
I will be direct, because my record on this should be clear rather than diplomatic. I do not trust the Cardano Foundation. My long-held view is that CF has operated in its own interest more often than in Cardano's, and its years of friction with Charles have not made it more accountable to this community. My yes here was a vote for Catalyst having any credible managing entity over continued drift, not an endorsement of CF's track record.
What I am asking of the proposer if this passes
It was dropped. Whoever ends up managing Catalyst: publish funding outcomes, completion rates, and failure rates openly. Catalyst's credibility problem is an accountability problem, and no change of management fixes it without published numbers.