# October 27th, 2025 Budget Comm Minutes ## **Budget Committee Weekly Meeting — October 27th, 2025** **Date:** October 27, 2025\ **Time:** 07:57 EDT\ **Duration:** \~1 hour\ **Attendees:** Lloyd Duhon, Nicolas Cerny, Rita Mistry, Kriss Baird, Simo Simovic, Shunsuke Murasaki, Jose Velazquez *** ### **1. Opening and Updates** #### Governance Updates * Nicolas acknowledged Lloyd’s update and will raise relevant items with the **Governance Advisory Team (Cardano Foundation)**. * Emphasized that recent voting analyses are **data-driven**, supported by scripts and reporting mechanisms. #### External Engagements * Shunsuke has a meeting with **Blockdaemon** scheduled for Wednesday. * Additional meetings include conversations with **Florian** and support for communication with Jazz/Hideki. *** ### **2. Communications and DRep Engagement** #### X Space Details * Kriss inquired about an X Space. Lloyd confirmed the session and shared: * Event link: * Weekly overview: * Start time: approx. **3 hours, 45 minutes** from meeting timestamp. #### Voting Stake Insights Nicolas shared updated data from his reporting tools: * **67% active voting stake threshold:** \~21 DReps required. * **50% active voting stake:** approx. **2.76B ADA**. * Example proposal references for discussion: * * *** ### **3. Proposal Submission Deposit Discussion** #### Smart Contract Considerations * Nicolas highlighted the importance of secure verification for proposal deposits (risks include unverifiable payment claims). * Lloyd agreed, noting this aligns with constitutional expectations and reduces manual verification complexity. #### Potential Implementation Path (Conceptual) Lloyd proposed an initial direction for discussion: * Use **WordPress + CardanoPress + WPForms** for submission. * Require **wallet connection** and enforce that the **deposit transaction** originates from the same connected wallet. * Explore embedding the **proposal hash as an NFT** for provenance. #### Next Steps * Rita recommended aligning this exploration with existing **TWG** thinking. * Kriss noted that workflows outside a core UX path introduce friction and complexity. *** ### **4. Scheduling and Coordination** #### Luma Calendar * Simo shared updated Luma calendar management links: * #### Process Presentation and Transparency * Simo will present the **Prioritization & Consolidation Polling Process Path** to DReps via one-on-one sessions. * A broader **v1.1 budget process** may later be shared publicly for stakeholder feedback. * Rita and Nicolas agreed transparency is beneficial. #### Time Zone Standardization * Nicolas emphasized that all Intersect calls should be scheduled **in UTC only**, with participants responsible for converting times locally. #### Shared Materials * Shunsuke requested the spreadsheet Simo referenced; Simo shared: * *** ### **5. Governance Cycle and Elections** * Nicolas shared the article on committee election voting: * * **Voting results expected:** November 14. * Nicolas recommended reviewing and updating meeting times once new committee members are confirmed. *** ### **6. Attendance Notes** * Jose noted challenges joining at this time due to work; Lloyd thanked him for making the effort. * Kriss, Rita, and Nicolas left early due to other commitments. * Shunsuke noted he will **not** be able to join the evening X Space due to time constraints. *** ### **7. Action Items** | Action | Owner | Notes | | ------------------------------------------ | -------------------- | ------------------------------------ | | Engage Governance Advisory Team for review | Nicolas | Ongoing | | Blockdaemon meeting | Shunsuke | Scheduled for Wednesday | | Provide spreadsheet to committee | Simo | Completed | | Continue DRep 1:1 briefings | Simo | In progress | | Evaluate smart-contract-based deposit flow | Lloyd, Nicolas, Rita | Requires TWG comparison and feedback | | Standardize meetings to UTC | Committee | To be adopted moving forward | | Reassess meeting schedule post-elections | Committee | After Nov 14 | *** ### **8. Adjournment** Meeting concluded at approximately **1:04:47**.\ Final note: Shunsuke unable to attend the evening X Space session. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://budgetcommittee.docs.intersectmbo.org/committee-meeting-notes/2025-meeting-notes/budget-committee-weekly-meetings/october-27th-2025-budget-comm-minutes.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.