WHAT MONSTER HAVE WE UNLEASHED? 🦖
Cardano’s Net Change Limit is 350,000,000 ADA. That's our limit to spend until mid next year.
Total requested?
🤯699,816,012 ADA.
That is basically DOUBLE the limit.
😲 358M via Ekklesia / Intersect.
😳 273M live on-chain.
😨 67.8M already ratified.
We cannot afford to spend like this.
At this pace, the 1.7B ADA treasury gets chewed through in a couple of years.
We should be spending WELL BELOW the NCL, not smashing through it.
Now we can only hope ADA goes up and these proposals return real value back to the treasury.
Because if not, this gets ugly fast.
DReps, get ready to take out your red markers and vote no! It's an unfortunate circumstance, but a lot of good research and development won't go through this year.
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