Net Change Limit of 300 Million ADA for Epochs 613–713
This governance action proposes a Net Change Limit of 300,000,000,000,000 lovelace (300 million ADA) for the period from the start of Epoch 613 (13 February 2026) to the end of Epoch 713 (3 July 2027). Upon approval in accordance with the Constitution, this NCL shall apply to Epochs 613–713 and supersede any previously agreed NCL for the same period.
Reasoning
Written after the vote was cast
What this asks for, and from whom
An Info Action proposing a Net Change Limit of 300,000,000 ADA for epochs 613 to 713.
What would have to be true for this to be a good use of treasury funds
A hard cap on treasury outflow is fundamental discipline. Without it there is no ceiling and every proposal competes against nothing but the next proposal.
What specifically concerns me
Nothing about the cap itself. I supported this 300 million version and I also supported a later 500 million version, and someone could reasonably ask which one I actually believe in. The honest answer: I want a cap agreed and enforced, and I lean toward the tighter number. A treasury that spends faster than it earns is a countdown clock, and this community should be able to see the clock.
What I am asking of the proposer if this passes
It was dropped. My ask is the same regardless of which number wins: publish cumulative outflow against the limit continuously, so every Drep can see how much room is left before voting on the next big ask.