Withdraw ₳583,000 for Eternl Maintenance administered by Intersect
This treasury withdrawal funds **Eternl Maintenance** which will provide the following services: Eternl has been a reliable and community-driven Cardano wallet since its launch in 2021. It offers a secure, feature-rich experience across web, browser extension, iOS, and Android platforms, serving both everyday users and developers. Maintaining Eternl requires €30,000 per month. We seek funding from the Cardano budget to sustain these operational costs, ensuring Eternl continues to provide reliable access to the Cardano blockchain for the community. 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info action by also providing the details of the proposed solution, alignment to the budget, and amount to be withdrawn from the Cardano Treasury.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
583,000 ADA for Eternl maintenance, administered by Intersect.
What would have to be true for this to be a good use of treasury funds
Eternl carries a large share of Cardano's daily transactions. Maintenance of a wallet at that scale is infrastructure spending regardless of the business model behind it.
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. Nothing material here. Worth noting I have supported Eternl consistently across cycles, including their later sustainability proposal, because they price their team honestly and published an actual path off treasury dependence.
What I am asking of the proposer if this passes
It was enacted. Keep moving toward self-funding. A wallet that eventually pays for itself is the template I want every maintenance recipient to follow.