June 30, 2025 ISC Meeting
Agenda
Committees Update
ISC Actions/Update from last week
Committee Funding after TW
Clarifying the Scope and Expectations of Oversight by committees on Funded Proposals
AOB & Meeting Close
Attendees:
Jack Briggs
Yes
Interim Executive Director
Y
Nick Cook
No
Director - Operations (Interim)
Y
YUTA
No
Community Member Seat
Y
Phil Lewis
Yes
Community Member Seat
Y
Sheldon Hunt
Yes
Community Member Seat
Y
Fred Tanaka
Yes
Community Member Seat
Y
Pedro Lucas
Yes
OSC Chair
Y
Samuel Leathers
Yes
Product Chair
Y
Darlington Welsh
Yes
MCC Chair
Y
Kristijan Kowalsky
Yes
CBC Chair
Y
Kevin Hammond
Yes
TSC Chair
Y
Wes Parkison
No
GMC Chair
Y
Nicolas Cerny
Yes
Interim CCC Chair
Y
Christian Taylor
No
Head of OSO
N
Lorenzo Bruno
Yes
Head of Product
N
Matt Davis
No
Head of Tech Operation
N
Duncan Soutar
Yes
Secretary of TSC
N
Lloyd Duhon
Yes
Secretary of Budget Committee
N
Larisa Mcfarlane
No
Secretary of CCC
N
Terence McCutcheon
Yes
Secretary of OSC
N
Additional Attendees:
Kyle Solomon - Observer
Thiago Nunes - Observer
Elaine Kardennis - Observer
Discussion/Action:
1. Committee Updates
Open Source Committee: Developer Advocates program received 30 sign-ups. Ecosystem development report planning underway with external technical partner.
Technical Steering Committee: Engaged with Product and GMC committees on the 2030 Vision. Monitoring for potential intra-era hard fork.
Budget Committee: Planning for a budget retrospective and a more inclusive 2026 process. DReps and community involvement emphasized, with kickoff expected in two weeks.
Product Committee: Canada and Rare workshops planned. Outreach to businesses building on Cardano to inform long-term vision continues.
Civics Committee: OKR workshops concluded; concrete recommendations expected shortly.
2. Budget Process Role Discussion
Clarification needed on whether Intersect’s role is to manage the ecosystem-wide budget or only for its own members.
Feedback invited via Discord post. Workshops and consultations to follow.
3. Consultant Transition Plan
Transition of one consultant underway with no direct replacement.
Hiring expected to begin for community-facing roles with Cardano-native profiles.
4. Smart Contract Framework and Oversight
Smart contract framework approved; audits by MLAB and TXPipe pending.
Oversight committee of five entities to verify fund disbursement accuracy.
No unilateral actions allowed within the contract permission structure.
5. Contingency Planning
Even if Intersect’s budget proposal is not approved, execution of the 39 funded proposals is secured.
Full contingency plan still in development.
6. Board Election Update
Governance working group recommendations accepted by the board with two changes:
Six-month continuous membership required to participate.
Membership clock resets if renewal occurs after 6+ months of lapse.
Four board seats will be up for election in October, with mixed one- and two-year terms based on vote count.
The process seen as a successful demonstration of bottom-up governance coordination.
7. Committee Funding
Only Product and Open Source Committees currently have dedicated budgets.
Other committees may submit proposals or request ad hoc funding, but no structured framework exists yet.
Desire for predictable funding access and clarity around stipend models for committee participation.
Next Steps / Action Items
Budget Committee to finalize retro plan and kickoff structure, ensuring broad participation.
All members encouraged to comment on the Discord post regarding Intersect’s budgeting role.
Governance Working Group to reconvene this week to determine next topics (e.g., committee application processes, decision-making frameworks).
Board/Exec Team to document and share the consultant transition plan and hiring roadmap.
Intersect team to finalize and publicly document the smart contract deployment process and oversight configuration.
Board to complete and publish the contingency plan for Intersect’s budget failure scenario.
Committees without budgets to outline potential initiatives requiring funding and share them with the ISC.
Last updated