A plain-English Cardano governance briefing

Cardano governance, explained before the vote closes.

Every live governance action — treasury withdrawals, parameter changes, info actions, hard forks, Constitutional Committee changes — explained in plain English, with how DReps, SPOs and the Constitutional Committee are actually voting. One weekly read for ADA holders choosing a DRep, and for DReps/SPOs who need to vote fast.

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See this week's live actions →

The ₳22M Copper Reserve treasury withdrawal The ₳940K AURORA treasury withdrawal The ₳9.6M PFMS police evidence treasury withdrawal

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What each action does, who it affects, and what happens if it passes.

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The arguments on each side, drawn from published rationales and proposal metadata.

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Sample briefing

What an issue looks like

Sample briefing · real action, data snapshot from the Koios API on Oct 16, 2026 21:48 UTC (epoch 662). Live numbers change every epoch.

Info Action · Submitted epoch 656 · Expires epoch 663

Should stakePoolTargetNum (k) be raised from 500 to 1000? (SPO poll)

gov_action17m7nv7839mw…qq6g5mt9

What it asks

This poll asks the community, and stake pool operators in particular, whether there is enough SPO support to later propose raising the parameter k from 500 to 1000. k sets the target number of fully saturated pools; raising it would halve the saturation point (from 0.2% to 0.1% of circulating ADA), which would push large pools to split and spread stake across more operators. Info actions are recorded polls only — this one changes nothing on chain by itself and cannot be 'enacted'.

Why it matters to you

If you delegate to a large pool, a later k change could affect which pools are saturated and your rewards. If you run a small pool, it could make it easier to attract stake.

Vote snapshot

Votes cast by governance body
Body	Yes	No	Abstain
DReps	40	34	39
SPOs	24	33	0
Constitutional Committee	1	0	1

DRep voting powerYes 4.80%

SPO stakeYes 2.04%

Using the ratification method (registered stake that doesn't vote counts as No), Yes holds 4.80% of DRep voting power and 2.04% of SPO stake. Source: Koios proposal_voting_summary.

Our take · Example of the Pro-tier rationale format

For: a higher k lowers the saturation point, which tends to move stake from the largest pools and multi-pool operators toward a wider set of independent SPOs. This is a long-standing decentralization argument.
Against / open questions: more pools splitting the same rewards can tighten small-pool margins, and operators carry fixed infrastructure costs. Some argue that without changes to minPoolCost or pledge incentives, a k increase on its own may not help small pools.
What comes next: this poll changes nothing. k sits in the technical parameter group, so a follow-up Parameter Change action would need DRep approval at the technical-group threshold plus Constitutional Committee approval. SPOs don't get a binding vote on k, which is why this poll exists: to show whether operators support it before anyone proposes the change.

Ratify Weekly explains; it does not tell you how to vote.

View on GovTool Raw data (Koios)

Also open this week

Live board snapshot · Koios, Oct 16 2026 21:48 UTC (epoch 662, block ~14,077,451). Yes percentages use the Koios ratification method. Tallies change every epoch.

Expired · dropped at the start of epoch 662 (Oct 16 ~21:44 UTC)

Reduce minPoolCost to 75 ada
Parameter Change · DRep yes 44.18% (87 yes / 37 no / 19 abstain cast) · CC 5 yes
Needed 67% of active DRep stake plus CC approval. It finished at 44.18% DRep yes and expired without being ratified, so minPoolCost is unchanged.
Withdraw 11,787,063 ADA for the OpenZeppelin Stack
Treasury Withdrawal · DRep yes 4.0% (16 yes / 94 no / 17 abstain cast) · CC 5 yes
Expired without being ratified (4.0% DRep yes vs 67% needed).

Still open

Should stakePoolTargetNum (k) be raised from 500 to 1000? (SPO poll)
Info Action · expires epoch 663 (Oct 21 ~21:44 UTC) · the sample briefing above
Cardano Strategic Copper Reserve | ₳22M RWA Tokenization
Treasury Withdrawal · requests 22,000,000 ADA · submitted epoch 661 · expires epoch 668
DReps 2 yes / 16 no / 0 abstain (yes 0.24%) · no CC or SPO votes yet. No votes rose from 13 to 16 on Oct 16.
Full breakdown in this week's issue

Read the full, live k=1000 page →

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About

About Ratify Weekly

Ratify Weekly is an independent, plain-English briefing on Cardano governance. Each issue covers every live governance action, what it does, who it affects, and how DReps, SPOs and the Constitutional Committee are voting.

Ratify Weekly is AI-assisted: briefings are drafted with AI tools and every figure is sourced from on-chain data and linked to its source.

Not affiliated with Intersect, IOG, the Cardano Foundation, EMURGO or any other Cardano entity.

Methodology

Data comes from public sources — Koios, GovTool, AdaStat, Cardanoscan, and proposal metadata anchored on chain. Every number links back to its source and is dated by epoch. Example data is labelled as such.
We explain the arguments on each side and do not tell readers how to vote.
Any conflicts of interest relevant to an issue are disclosed in that issue.

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