The Cardano Foundation has declared that it would stop at nothing to further CIP-1694’s objectives and move Cardano closer to an entirely decentralised on-chain governance framework.
The Cardano Foundation said that it will vote in the next Cardano ballot event using its 11.4 million ADA wallet in accordance with this purpose.
https://x.com/Cardano_CF/status/1726692322472272327?s=20
In order to secure the long-term sustainability of the Cardano blockchain, attention has now shifted to the decentralised governance regulations of the platform as its user base and application ecosystem have developed over the last several years.
For Voltaire, or the Cardano governance era, the CIP 1694 is an on-chain decentralised governance mechanism that will provide the last bits needed for the Cardano network to become self-sustaining.
Going forward, CIP-1694 will have a big influence on Cardano governance. In light of this, the CIP-1694 polling event, which employs the “Cardano Ballot” created by the Cardano Foundation in collaboration with Input Output and Intersect, serves as a gauge of the Voltaire governance project’s current state.
A nonbinding survey known as the “Cardano Ballot” gives the community a formal way to voice opinions about Cardano’s on-chain governance procedure. The input received will aid in defining 2024 strategies and priorities in governance and development activities in addition to the voting process.
Alongside this, the Cardano Foundation announces that it will actively take part in the next Cardano Ballot event by casting a yes vote using a single wallet valued at 11,429,000 ADA.
Participation in the Cardano Ballot is contingent upon having a browser extension wallet (software wallet) that supports CIP-30 and at least one Lovelace staked before November 21st due to its stake-based nature.
Voting for the Cardano ballot event will be place from December 1 until December 11.
