We're live now. 🎙 The first public Constitutional Amendment Proposal (CAP) Review call is starting now. Come talk through the proposals in consultation with authors, editors, DReps, and other community members. No preparation needed, just join. Listen in, join the discussion, or write feedback on the portal. Participate in your own way. luma.com/intersect-3ic0

Want to hear from candidates before you cast your vote? Those standing for the Intersect Board 2026 community seats are invited to our X space today - and taking questions. Tuesday 15 September, 16:00 UTC Set a reminder: nitter.net/i/spaces/1YGNrbYMDWRGw…

I noticed the sentiment around Cardano Whale. I miss him too. I'm glad that delegators noticed his retirement and delegated to other DReps. However, there are still 274 ADA holders delegating about ₳6.8M to him. A lot of small active DReps would appreciate the support.

I've run a Cardano stake pool for six years. Here is what the minimum pool fee actually does. Every figure below came off my own db-sync node tonight. None of it is quoted from anyone's proposal. minPoolCost is a flat 170 ADA taken off a pool's rewards before delegators see anything. Mean gross reward per block, epochs 641-650: 298.11 ADA. Same fee, same epoch, different pool: 1 block → 57.0% 2 blocks → 28.5% 5 blocks → 11.4% 20 blocks → 2.9% A twentyfold spread. That is not a fee. It is a charge that falls hardest on whoever earns least. And one block per epoch is the good case. It takes ~1,010,400 ADA of stake to expect a block. The median pool sitting on the 170 floor holds 762,550. The typical affected pool expects fewer than one block per epoch. In those epochs it earns nothing, and neither do its delegators. Be precise about who this hits. 504 active pools declare exactly 170 ADA: 18.8% of pools, 22.6% of stake. Among pools that actually mint blocks, 361 of 1,217. It is not every pool. It is the floor under every pool, and it is what a small operator is forbidden to go below. That floor has not moved in 207 epochs. Two years and ten months. Set at 340 at Shelley launch in 2020, halved once in October 2023, nothing since. Pools minting at least one block, over three years: 1,147 → 939. Down 18.1%. There is an action on chain right now to cut it to 75 ADA. That would take the one-block share from 57.0% to 25.2%. DReps: 63.59% yes, needs 67%. Short by 170 million ADA. SPOs: 14-26% yes, needs 51%. Short by 2.7 to 7.6 billion. The DRep gap is closable in three days. The SPO gap is not, because 17.3 billion ADA of pool stake has not voted at all. Among SPOs who did vote, yes leads 2.92bn to 0.49bn. Six to one in favour. Sit with that. Nobody rejected this. 85% of voting SPOs backed it. 93% of voting DReps backed it. It dies because the stake that decides it never turned up, and on Cardano a non-vote is counted exactly like a no. The Constitutional Committee has not reached its quorum either. Same silence, third chamber. So ask who the status quo serves. Not the 504 pools on the floor. Not the 208 operators who stopped producing blocks. It serves whoever benefits from the fee staying exactly where it is, and they need do nothing at all to get it. They just have to not vote. Deadline is the epoch boundary at 1 September, 21:45:10 UTC. Not later. There is no extra epoch. SPOs: if you have never set up governance keys, do it now. If you truly have no view, ABSTAIN. An abstention leaves the denominator. Silence does not. Every number here is reproducible from a public node. Queries, raw output and the full findings, including three results that cut against my own argument: server-tools.grahamsnumberpl… Check them. That is rather the point.

72 HOURS TO VOTE ⏳ The Update Constitutional Committee 2026 action will expire on September 1 at 21:44:51 UTC. Current voting progress: 🗳️ DReps: 66.07% / 67% 🗳️ SPOs: 37.58% / 51% (The Constitutional Committee doesn't vote on this action). When the action expires, four existing Committee members’ terms will also end. If the Committee is not updated, it will fall to three active members - below the required committeeMinSize of five. Until the Committee returns to at least five members, Treasury Withdrawal, Parameter Update, Constitution Update and Hard Fork Initiation actions cannot be ratified. This could also affect the Dijkstra/Leios roadmap, which will require constitutional as well as technical updates. Increased SPO participation is particularly urgent. Please review the proposal and cast your Yes, No or Abstain vote before the deadline. Whichever way you assess the action, please don’t leave your voting power silent. Read the proposal and vote: gov.tools/connected/governan…

This week in the Intersect Update: ⏳ Final call for two on-chain votes for SPOs and DReps 🗳️ Board election applications open Aug 31 🛠️ Dijkstra progress Keep up to date with Intersect Weekly Update #126 👇 intersectmbo.org/news/inters…

Set reminders: nitter.net/i/spaces/1qKVmygmmEVxB…

DRep Monthly Call #3 Join DReps and community members for a discussion on governance actions, upcoming votes, treasury and budgets, governance tooling and ecosystem developments. 📅 Last Wednesday of every month 🕒 3pm UTC Sign up : luma.com/vwo6axek

Dear SPOs, You absolutely shredded the voting participation party, and by far outnumbered the DReps, on the last ParamChange in February, but this time... its looking a bit dire. I know for most of you its summer and all, but with less than 2 weeks left to go, PLEASE do not sleep on voting on these two GovActions: 1. Parameter Change (cexplorer.io/gov/action/ab47…) 2. CC update (adastat.net/governances/729d…) _________________ If you do not want to vote on all these GovActions (you never signed up for that job after all..), then you can auto-abstain on everything except hardforks: nitter.net/alxaex/status/20291693… btw... Should you then actively want to vote on smth you care about, you can still over-write your auto-abstain with a dedicated vote, np. :)

Constitutional Amendment Portal (CAP) update 🧢 It has been encouraging to see early engagement with the portal. So far the community has submitted: 3 Constitutional Amendment Proposals (CAP) 1 Constitutional Issue Statement (CIS) Connect a wallet. Join the disucssions. 👇️ cap.intersectmbo.org

The portal is in alpha, and community testing is part of building it. Connect any CIP-30-compatible Cardano wallet, explore the Constitution, try the proposal process and tell us what works, or what doesn’t. Your feedback will directly help shape what comes next. 🔗 cap.intersectmbo.org

Constitutional Committee elections 2026, facilitated by Intersect 🗳️ The Hydra Voting phase of the Constitutional Committee elections 2026 has now closed. Thank you to all who participated in discussions and voting! Results will now be audited ahead of an official announcement. The top 4 candidates will then be submitted on-chain in an Update Committee governance action. Cardano governance works because of your participation.

Constitutional Committee elections 2026, facilitated by Intersect 🗳️ At epochs end today, voting closes. Have your say ahead of the on-chain Update Committee action. 4 seats available. 12 hours to vote. 👇️ Voting close: July 23, 2026 at 9:45PM UTC View live ballot, login and vote at: intersect.ekklesia.vote/ball…

Constitutional Committee elections 2026, facilitated by Intersect 🗳️ Just 24 hours remain in the CC elections 2026. The greater the participating stake, the greater the legitimacy when candidates go on-chain. View live ballot, login and vote at: intersect.ekklesia.vote/ball… Voting close: July 23, 2026 at 9:45PM UTC

Constitutional Committee elections 2026, facilitated by Intersect 🗳️ 10 candidates. 4 seats available. 2 days remain. Vote now! 👇️ Voting close: July 23, 2026 at 9:45PM UTC View full candidate profiles, login and ask questions at: hydra-voting.intersectmbo.or… View live ballot, login and vote at: intersect.ekklesia.vote/ball…

Constitutional Committee elections 2026, facilitated by Intersect 🗳️ DReps! Make your voting power heard and cast your votes. 3 days remain! Voting close: July 23, 2026 at 9:45PM UTC View full candidate profiles, login and ask questions at: hydra-voting.intersectmbo.or… View live ballot, login and vote at: intersect.ekklesia.vote/ball…