Cardano 2026 Budget Vote Closes Today as DReps Review 69 Treasury Proposals

inal Hydra Voting results were not available in the latest official updates before the closing deadline. Cardano Foundation previously published its own advisory voting decisions for all 69 proposals, while the Intersect process now moves toward the phase where proposals with sufficient support can be prepared for Treasury Withdrawal governance actions.

Cardano 2026 Budget Vote Reaches Its Closing Window

Intersect’s 2026 Cardano Budget Process opened a coordinated voting phase for proposals covering development, infrastructure, governance, tooling and broader ecosystem initiatives. Voting takes place through the Hydra Voting platform, with DReps able to record their votes until the scheduled closing time on June 12 at 12:00 UTC.

Cardano Foundation said it reviewed 69 proposals with a total requested amount of 331,569,537 ada. The Foundation supported 27 proposals requesting 111,424,355 ada, voted against 28 proposals requesting 157,337,556 ada, abstained on 13 proposals requesting 37,407,626 ada, and kept one proposal requesting 25,400,000 ada under ongoing deliberation.

The Foundation’s votes are not the final Hydra Voting result. They represent a published institutional position with rationales that DReps could use as reference material before the voting phase closed.

DRep Participation And Abstain Rules Shape The Vote

Intersect reported in an earlier official update that, based on data from May 28 at around 16:00 UTC, 25 DReps had already voted in the budget process. Those votes represented about 953.3 million ada in voting power, with average proposal participation at 72.1 percent.

A later Intersect update explained why abstain votes matter in the Hydra Voting platform. Once a DRep votes on at least one proposal, that DRep’s delegated stake becomes part of the participating stake for the overall voting event. If the DRep then leaves a specific proposal without a recorded vote, that stake can affect the support calculation for that proposal.

Intersect said proposals need 67 percent support from participating stake to advance. Support is calculated as Yes votes divided by participating stake after abstain stake is removed. Under that design, an explicit abstain is different from not voting, because abstain removes that stake from the calculation for a specific proposal, while not voting can remain part of non-supporting participating stake.

Treasury Withdrawal Actions Are The Next Governance Step

The Hydra Voting phase does not move funds from the Cardano treasury by itself. It serves as a coordination layer that identifies which proposals have enough support to move toward the next governance stage.

According to Intersect’s framework, proposals that reach the required support threshold can be consolidated and prepared for Treasury Withdrawal governance actions. Those actions then enter Cardano’s on-chain governance process, where DReps vote again on the actual withdrawal of treasury funds.

Intersect’s documentation describes the next steps as ranking proposals by DRep support, evaluating them against the available Net Change Limit and structuring supported proposals into on-chain actions. The expected window for submitting consolidated treasury withdrawal actions is mid to late June 2026. If the relevant actions pass on-chain governance, first milestone payments are expected in late August or early September.

The close of Hydra Voting moves the 2026 budget process from proposal review and support signaling into preparation for formal on-chain decision making. The next official data set is expected to show which proposals crossed the support threshold, the final participation level and how supported proposals will be grouped for treasury withdrawal actions.