Cardano on-chain governance vote: Loan ₳5,000,000 to Expand Cardano's Global Listings

Temperature Check
1

Introduction:

This is a governance proposal concerning support for the SNEK team to obtain a loan from the Cardano Treasury.

The proposal originates from the Tempo website, which is used for Cardano on-chain governance (full proposal version here). The voting deadline is November 25, 2025, and Liqwid aims to have its vote prepared by Friday, November 21, 2025.

Summary:

This proposal seeks a ₳5,000,000 budget loan from the Cardano Treasury to fund the Cardano Global Listing Expansion—a strategic initiative led by the Snek Foundation to list SNEK on top-tier centralized exchanges, retail brokers, and global trading platforms.
It represents the first-ever loan-based treasury withdrawal in Cardano governance, introducing a new accountability model where funds are not given as grants, but instead repaid with interest.

Conclusion for the vote (multiple choices):

  • If you choose to support this proposal with a YES, the Liqwid DRep represented by F. Volery will vote YES on Cardano on-chain governance.
  • If you choose to ABSTAIN, the Liqwid DRep represented by F. Volery will vote ABSTAIN.
  • If you choose to reject this proposal with a NO, the Liqwid DRep represented by F. Volery will vote NO.

The option with the highest score will be the one cast by F. Volery.

Do you support the creation of this proposal in the Liqwid on-chain governance?

  • Yes, I support the listing of this proposal on Liqwid on-chain governance.
  • No, I do not support the listing of this proposal on Liqwid on-chain governance.
0 voters
2

hello,

2 questions coming to my mind:

-how this would benefit Liqwid and its users or holders?

-would the snek community do the same for us?

regards

nib’

3

Hi nibiru, the temp check don’t mean we support, means we want this to be voted on-chain. I think this is a very good proposal to start more participation on LQ community. I don’t even know if i would vote yes on-chain to support the loan but is a yes to go on-chain.

1 Like
4

Hello Niburu,

You are raising fair points, and this is precisely why the Core Team is not providing a vote recommendation in this case.

1 Like