$ADA
Governance Vote Faces Deadline ⚠️
Cardano’s newly elected Constitutional Committee still needs formal ratification, but voting participation from DReps and SPOs remains far below the required thresholds.
📊 Current progress:
• DReps approval: ~30% of the required 67% threshold
• SPO approval: Less than 1% of the required 51% threshold
• Nearly 99% of SPO stake has yet to vote
• Deadline: September 1
The election has already concluded and was independently audited. However, if ratification fails, the committee could shrink from 7 members to just 3—below the minimum needed for effective governance.
The Constitutional Committee is important for Cardano because it helps assess the constitutionality of on-chain actions, including protocol upgrades, budget decisions, and parameter changes.
This makes the September 1 deadline worth watching closely. The biggest question is whether DReps and SPOs will participate in time to prevent a potential governance bottleneck.
💬 Do you follow Cardano governance? What do you think happens if ratification fails?
News for reference only — not financial advice.
#ADA #Cardano
Governance Vote Faces Deadline ⚠️
Cardano’s newly elected Constitutional Committee still needs formal ratification, but voting participation from DReps and SPOs remains far below the required thresholds.
📊 Current progress:
• DReps approval: ~30% of the required 67% threshold
• SPO approval: Less than 1% of the required 51% threshold
• Nearly 99% of SPO stake has yet to vote
• Deadline: September 1
The election has already concluded and was independently audited. However, if ratification fails, the committee could shrink from 7 members to just 3—below the minimum needed for effective governance.
The Constitutional Committee is important for Cardano because it helps assess the constitutionality of on-chain actions, including protocol upgrades, budget decisions, and parameter changes.
This makes the September 1 deadline worth watching closely. The biggest question is whether DReps and SPOs will participate in time to prevent a potential governance bottleneck.
💬 Do you follow Cardano governance? What do you think happens if ratification fails?
News for reference only — not financial advice.
#ADA #Cardano