Since Cardano introduced global decentralized governance in late 2024, Intersect, a Members Based Organization for the Cardano ecosystem was tasked with the misfortune of defining, executing, and administering a Cardano Budget. As we are on our third pivot, and maybe finally halfway through a semblance of a codifyable process, this article is an attempt to help stragglers and lurkers understand the current state of the budget process and document the Lido DRep participation.

A brief history

In September of 2024, the Cardano achieved one of the biggest milestones in its history with the Chang Hard Fork system upgrade. Every part of the blockchain was affected, from the 1s and 0s that make up to the software to the community…