# Cardano on-chain governance vote: Loan ₳5,000,000 to Expand Cardano's Global Listings **URL:** \ **Category:** Temperature Check\ **Tags:** governance\ **Created:** [November 18, 2025, 4:39pm UTC](https://gov.liqwid.finance/t/cardano-on-chain-governance-vote-loan-5-000-000-to-expand-cardanos-global-listings/1937 "2025-11-18T16:39:46Z")\ **Posts on this page:** 5\ **Page:** 1
**Author:** ![FlorianVolery](https://avatars.discourse-cdn.com/v4/letter/f/f0a364/32.png) [@FlorianVolery](https://gov.liqwid.finance/u/FlorianVolery)\ **Post date:** [November 18, 2025, 4:39pm UTC](https://gov.liqwid.finance/t/cardano-on-chain-governance-vote-loan-5-000-000-to-expand-cardanos-global-listings/1937/1 "2025-11-18T16:39:46Z")
### 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](https://tempo.vote/governance-action?governanceActionId=03f671791fd97011f30e4d6b76c9a91f4f6bcfb60ee37e5399b9545bb3f2757a%25230)). 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? _Poll ([view on site](https://gov.liqwid.finance/t/cardano-on-chain-governance-vote-loan-5-000-000-to-expand-cardanos-global-listings/1937/1))_ ---
**Author:** ![anon17449010](https://avatars.discourse-cdn.com/v4/letter/a/848f3c/32.png) [@anon17449010](https://gov.liqwid.finance/u/anon17449010)\ **Post date:** [November 18, 2025, 8:30pm UTC](https://gov.liqwid.finance/t/cardano-on-chain-governance-vote-loan-5-000-000-to-expand-cardanos-global-listings/1937/2 "2025-11-18T20:30:02Z")
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’ ---
**Author:** ![Rschwab](https://yyz2.discourse-cdn.com/flex010/user_avatar/gov.liqwid.finance/rschwab/32/508_2.png) [@Rschwab](https://gov.liqwid.finance/u/Rschwab)\ **Post date:** [November 19, 2025, 8:31pm UTC](https://gov.liqwid.finance/t/cardano-on-chain-governance-vote-loan-5-000-000-to-expand-cardanos-global-listings/1937/3 "2025-11-19T20:31:47Z")
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. ---
**Author:** ![FlorianVolery](https://avatars.discourse-cdn.com/v4/letter/f/f0a364/32.png) [@FlorianVolery](https://gov.liqwid.finance/u/FlorianVolery)\ **Post date:** [November 20, 2025, 7:57am UTC](https://gov.liqwid.finance/t/cardano-on-chain-governance-vote-loan-5-000-000-to-expand-cardanos-global-listings/1937/4 "2025-11-20T07:57:12Z")
Hello Niburu, You are raising fair points, and this is precisely why the Core Team is not providing a vote recommendation in this case. ---
**Author:** ![FlorianVolery](https://avatars.discourse-cdn.com/v4/letter/f/f0a364/32.png) [@FlorianVolery](https://gov.liqwid.finance/u/FlorianVolery)\ **Post date:** [November 27, 2025, 4:21pm UTC](https://gov.liqwid.finance/t/cardano-on-chain-governance-vote-loan-5-000-000-to-expand-cardanos-global-listings/1937/5 "2025-11-27T16:21:39Z")
**Information on the governance vote for the proposal** **“Loan ₳5,000,000 to Expand Cardano’s Global Listings”** Earlier last week, a governance vote for this Loan proposal was scheduled for Friday, 21 November. However, due to issues affecting the Cardano blockchain on 21 November, the Liqwid team was unable to publish the proposal on-chain as planned and therefore could not obtain results by the required deadline of 25 November. Launching a vote on mainnet requires a minimum 12-hour initiation period followed by a two-day voting window. As a result, the final voting deadline could not be met, and the proposal expired on 25 November. It is important to note, however, that the proposal had already accumulated sufficient “YES” votes to pass.