DRepTalk on Cardano
@dreptalk.bsky.social
dreptalk.com, where Cardano governance is discussed, voted, and explained. Public. Lean. Open source.
Movers of the epoch, 659.
The Cardano Foundation led the gainers with +₳2.6M (+1.9%). Two epochs ago it lost ₳43.9M.
Yoroi W₳llet had the largest outflow, -₳6.1M (1.4%). Long Minswap ロング gave up 8.4%, ₳2.7M.
The top five gainers sit between ₳1.7M and ₳2.6M.
The Cardano Foundation led the gainers with +₳2.6M (+1.9%). Two epochs ago it lost ₳43.9M.
Yoroi W₳llet had the largest outflow, -₳6.1M (1.4%). Long Minswap ロング gave up 8.4%, ₳2.7M.
The top five gainers sit between ₳1.7M and ₳2.6M.
October 2, 2026 at 8:52 AM
Movers of the epoch, 659.
The Cardano Foundation led the gainers with +₳2.6M (+1.9%). Two epochs ago it lost ₳43.9M.
Yoroi W₳llet had the largest outflow, -₳6.1M (1.4%). Long Minswap ロング gave up 8.4%, ₳2.7M.
The top five gainers sit between ₳1.7M and ₳2.6M.
The Cardano Foundation led the gainers with +₳2.6M (+1.9%). Two epochs ago it lost ₳43.9M.
Yoroi W₳llet had the largest outflow, -₳6.1M (1.4%). Long Minswap ロング gave up 8.4%, ₳2.7M.
The top five gainers sit between ₳1.7M and ₳2.6M.
648 DReps have cast a first vote. 150 earned Shows the Work, ten votes with a rationale. Zero have Full Spectrum, a vote on all seven action types.
No badge depends on voting yes, no or abstain. Badges are for showing up, never for which way.
No badge depends on voting yes, no or abstain. Badges are for showing up, never for which way.
October 1, 2026 at 11:13 AM
648 DReps have cast a first vote. 150 earned Shows the Work, ten votes with a rationale. Zero have Full Spectrum, a vote on all seven action types.
No badge depends on voting yes, no or abstain. Badges are for showing up, never for which way.
No badge depends on voting yes, no or abstain. Badges are for showing up, never for which way.
Abstain does two things on Cardano:
As a vote: your stake records no position and drops out of the ratification percentage.
As a delegation choice: your ada sits on Always abstain and does the same on every action until you move it.
As a vote: your stake records no position and drops out of the ratification percentage.
As a delegation choice: your ada sits on Always abstain and does the same on every action until you move it.
September 30, 2026 at 5:26 PM
Abstain does two things on Cardano:
As a vote: your stake records no position and drops out of the ratification percentage.
As a delegation choice: your ada sits on Always abstain and does the same on every action until you move it.
As a vote: your stake records no position and drops out of the ratification percentage.
As a delegation choice: your ada sits on Always abstain and does the same on every action until you move it.
Signing in to DRepTalk is a wallet signature over a message. Nothing goes on chain, no fees, the server never sees your keys.
Five roles: DRep, SPO, committee member, proposer, delegator. Each one has different features.
What are we missing? ⤵️
Five roles: DRep, SPO, committee member, proposer, delegator. Each one has different features.
What are we missing? ⤵️
September 29, 2026 at 5:01 PM
Signing in to DRepTalk is a wallet signature over a message. Nothing goes on chain, no fees, the server never sees your keys.
Five roles: DRep, SPO, committee member, proposer, delegator. Each one has different features.
What are we missing? ⤵️
Five roles: DRep, SPO, committee member, proposer, delegator. Each one has different features.
What are we missing? ⤵️
How fast do DReps vote? Median: day 12.6 after submission, over 27,396 timed votes. SPOs: day 18.6.
By type: hard forks day 7.1, committee changes day 8.0, treasury withdrawals day 12.9.
The last third of a voting window still brings a third of the votes.
By type: hard forks day 7.1, committee changes day 8.0, treasury withdrawals day 12.9.
The last third of a voting window still brings a third of the votes.
September 28, 2026 at 5:00 PM
How fast do DReps vote? Median: day 12.6 after submission, over 27,396 timed votes. SPOs: day 18.6.
By type: hard forks day 7.1, committee changes day 8.0, treasury withdrawals day 12.9.
The last third of a voting window still brings a third of the votes.
By type: hard forks day 7.1, committee changes day 8.0, treasury withdrawals day 12.9.
The last third of a voting window still brings a third of the votes.
The Governance Review archive is complete: 42 editions covering every epoch from 508, right after the Chang hard fork, to 655.
Two years of Cardano governance, readable from the start:
https://dreptalk.com/governance-review
Two years of Cardano governance, readable from the start:
https://dreptalk.com/governance-review
September 27, 2026 at 8:26 PM
The Governance Review archive is complete: 42 editions covering every epoch from 508, right after the Chang hard fork, to 655.
Two years of Cardano governance, readable from the start:
https://dreptalk.com/governance-review
Two years of Cardano governance, readable from the start:
https://dreptalk.com/governance-review
Movers of the epoch, 658.
Yoroi W₳llet lost ₳9.8M (2.3%), the largest outflow this epoch. It is the third drop in a row, ₳23.2M since epoch 656.
YUTA led the gainers with +₳11.1M (+2.5%). Varavas grew the fastest, +46.0% for ₳2.6M.
Yoroi W₳llet lost ₳9.8M (2.3%), the largest outflow this epoch. It is the third drop in a row, ₳23.2M since epoch 656.
YUTA led the gainers with +₳11.1M (+2.5%). Varavas grew the fastest, +46.0% for ₳2.6M.
September 27, 2026 at 2:52 PM
Movers of the epoch, 658.
Yoroi W₳llet lost ₳9.8M (2.3%), the largest outflow this epoch. It is the third drop in a row, ₳23.2M since epoch 656.
YUTA led the gainers with +₳11.1M (+2.5%). Varavas grew the fastest, +46.0% for ₳2.6M.
Yoroi W₳llet lost ₳9.8M (2.3%), the largest outflow this epoch. It is the third drop in a row, ₳23.2M since epoch 656.
YUTA led the gainers with +₳11.1M (+2.5%). Varavas grew the fastest, +46.0% for ₳2.6M.
New: drep.link
Every DRep with an on-chain name now has a free short link to their voting record on DRepTalk, like drep.link/cerkoryn
Prefer a different name? Pick your own in your DRepTalk settings.
Every DRep with an on-chain name now has a free short link to their voting record on DRepTalk, like drep.link/cerkoryn
Prefer a different name? Pick your own in your DRepTalk settings.
September 26, 2026 at 11:26 AM
New: drep.link
Every DRep with an on-chain name now has a free short link to their voting record on DRepTalk, like drep.link/cerkoryn
Prefer a different name? Pick your own in your DRepTalk settings.
Every DRep with an on-chain name now has a free short link to their voting record on DRepTalk, like drep.link/cerkoryn
Prefer a different name? Pick your own in your DRepTalk settings.
The Constitutional Committee in numbers: 148 decided actions, a median of 100% of members voting, 30 split decisions, 16 of 114 below the committee's threshold.
Committee votes come a median of 21.3 days after submission. DReps: 12.6.
Committee votes come a median of 21.3 days after submission. DReps: 12.6.
September 25, 2026 at 5:01 PM
The Constitutional Committee in numbers: 148 decided actions, a median of 100% of members voting, 30 split decisions, 16 of 114 below the committee's threshold.
Committee votes come a median of 21.3 days after submission. DReps: 12.6.
Committee votes come a median of 21.3 days after submission. DReps: 12.6.
Want the next Governance Review the moment it is published?
DRepTalk now sends each new edition as a Telegram message or an app notification. Your wallet is your login, so there is no email address to hand over.
Switch it on: https://dreptalk.com/governance-review/
DRepTalk now sends each new edition as a Telegram message or an app notification. Your wallet is your login, so there is no email address to hand over.
Switch it on: https://dreptalk.com/governance-review/
September 24, 2026 at 6:01 PM
Want the next Governance Review the moment it is published?
DRepTalk now sends each new edition as a Telegram message or an app notification. Your wallet is your login, so there is no email address to hand over.
Switch it on: https://dreptalk.com/governance-review/
DRepTalk now sends each new edition as a Telegram message or an app notification. Your wallet is your login, so there is no email address to hand over.
Switch it on: https://dreptalk.com/governance-review/
Hot discussion this week: "Reduce minPoolCost to 75 ada". https://dreptalk.com/t/reduce-minpoolcost-to-75-ada-e2a2f7fc/?tab=discussion
September 24, 2026 at 10:01 AM
Hot discussion this week: "Reduce minPoolCost to 75 ada". https://dreptalk.com/t/reduce-minpoolcost-to-75-ada-e2a2f7fc/?tab=discussion
How many DReps does it take to hold 67% of all delegated voting power, the treasury threshold? 18 in epoch 508, 29 at the peak, 19 today.
The ten largest DReps hold 50.8%. The Gini coefficient of DRep voting power went from 0.86 to 0.94 since epoch 508.
The ten largest DReps hold 50.8%. The Gini coefficient of DRep voting power went from 0.86 to 0.94 since epoch 508.
September 23, 2026 at 5:00 PM
How many DReps does it take to hold 67% of all delegated voting power, the treasury threshold? 18 in epoch 508, 29 at the peak, 19 today.
The ten largest DReps hold 50.8%. The Gini coefficient of DRep voting power went from 0.86 to 0.94 since epoch 508.
The ten largest DReps hold 50.8%. The Gini coefficient of DRep voting power went from 0.86 to 0.94 since epoch 508.
Movers of the epoch, 657.
The Cardano Foundation is down 43.9M ₳, a quarter of its voting power (24.9%). That is more than the next four outflows combined, Yoroi's 9.2M among them.
The gainer side stayed small: CryptoCrow led with +4M ₳ (+1.4%), ranket +3.6M (+3.7%).
The Cardano Foundation is down 43.9M ₳, a quarter of its voting power (24.9%). That is more than the next four outflows combined, Yoroi's 9.2M among them.
The gainer side stayed small: CryptoCrow led with +4M ₳ (+1.4%), ranket +3.6M (+3.7%).
September 22, 2026 at 4:00 PM
Movers of the epoch, 657.
The Cardano Foundation is down 43.9M ₳, a quarter of its voting power (24.9%). That is more than the next four outflows combined, Yoroi's 9.2M among them.
The gainer side stayed small: CryptoCrow led with +4M ₳ (+1.4%), ranket +3.6M (+3.7%).
The Cardano Foundation is down 43.9M ₳, a quarter of its voting power (24.9%). That is more than the next four outflows combined, Yoroi's 9.2M among them.
The gainer side stayed small: CryptoCrow led with +4M ₳ (+1.4%), ranket +3.6M (+3.7%).
CIP-179 survey threads on DRepTalk now show an informational tally.
Responses are weighted by voting power, the head count sits right next to them, and every share names what it is a share of.
https://dreptalk.com/help/cip-179-surveys/
Responses are weighted by voting power, the head count sits right next to them, and every share names what it is a share of.
https://dreptalk.com/help/cip-179-surveys/
CIP-179 surveys on DRepTalk
What an on-chain CIP-179 survey is, how it reaches a DRepTalk thread, how a DRep answers one from the wallet they signed in with, and what the participation count does and does not say.
dreptalk.com
September 22, 2026 at 6:26 AM
CIP-179 survey threads on DRepTalk now show an informational tally.
Responses are weighted by voting power, the head count sits right next to them, and every share names what it is a share of.
https://dreptalk.com/help/cip-179-surveys/
Responses are weighted by voting power, the head count sits right next to them, and every share names what it is a share of.
https://dreptalk.com/help/cip-179-surveys/
Epoch boundaries are the only Monday we look forward to.
September 21, 2026 at 5:52 AM
Epoch boundaries are the only Monday we look forward to.
SPOs have voted on 8 governance actions. Median turnout: 36.4% of pool stake, 56.4% among pools without a default stance.
46.4% of pool stake is pre-set to always abstain or no confidence.
One action where the two bodies disagreed: minPoolCost to ₳75, SPOs below threshold.
46.4% of pool stake is pre-set to always abstain or no confidence.
One action where the two bodies disagreed: minPoolCost to ₳75, SPOs below threshold.
September 20, 2026 at 5:52 AM
SPOs have voted on 8 governance actions. Median turnout: 36.4% of pool stake, 56.4% among pools without a default stance.
46.4% of pool stake is pre-set to always abstain or no confidence.
One action where the two bodies disagreed: minPoolCost to ₳75, SPOs below threshold.
46.4% of pool stake is pre-set to always abstain or no confidence.
One action where the two bodies disagreed: minPoolCost to ₳75, SPOs below threshold.
Signed in as a DRep on DRepTalk? Open "Your governance record" from your home page.
It shows where your participation and rationale coverage stand among all active DReps, which eligible actions still have no vote from you, and how your timing compares to the network.
It shows where your participation and rationale coverage stand among all active DReps, which eligible actions still have no vote from you, and how your timing compares to the network.
September 19, 2026 at 6:14 PM
Signed in as a DRep on DRepTalk? Open "Your governance record" from your home page.
It shows where your participation and rationale coverage stand among all active DReps, which eligible actions still have no vote from you, and how your timing compares to the network.
It shows where your participation and rationale coverage stand among all active DReps, which eligible actions still have no vote from you, and how your timing compares to the network.
Only have time for one article on Cardano’s governance? Then read this one.
Governance Review 42 brings together the decisions, proposals and voting arguments from epochs 653–655.
https://dreptalk.com/governance-review/epochs-653-655/
Governance Review 42 brings together the decisions, proposals and voting arguments from epochs 653–655.
https://dreptalk.com/governance-review/epochs-653-655/
Cerkoryn submits the 75 ada minimum pool fee cut on its own - Governance Review
The proposal to cut the minimum pool fee to 75 ada and raise the Plutus memory limits won DRep and committee support but expired with 34.5% of pool stake, short of the 51% it needed. One epoch later the fee cut was filed again on its own, a change pools do not vote on.
dreptalk.com
September 19, 2026 at 11:26 AM
Only have time for one article on Cardano’s governance? Then read this one.
Governance Review 42 brings together the decisions, proposals and voting arguments from epochs 653–655.
https://dreptalk.com/governance-review/epochs-653-655/
Governance Review 42 brings together the decisions, proposals and voting arguments from epochs 653–655.
https://dreptalk.com/governance-review/epochs-653-655/
DRepTalk v1.5.0 is out.
New, among other things: a Proposal Drafts category for feedback before you submit a governance action. Once the action is on-chain and links the draft, the draft closes and points to the live thread.
https://dreptalk.com/help/whats-new/
New, among other things: a Proposal Drafts category for feedback before you submit a governance action. Once the action is on-chain and links the draft, the draft closes and points to the live thread.
https://dreptalk.com/help/whats-new/
What's new
Every DRepTalk release, newest first: what changed and when, with a link to the full notes on GitHub.
dreptalk.com
September 18, 2026 at 8:39 PM
DRepTalk v1.5.0 is out.
New, among other things: a Proposal Drafts category for feedback before you submit a governance action. Once the action is on-chain and links the draft, the draft closes and points to the live thread.
https://dreptalk.com/help/whats-new/
New, among other things: a Proposal Drafts category for feedback before you submit a governance action. Once the action is on-chain and links the draft, the draft closes and points to the live thread.
https://dreptalk.com/help/whats-new/
154 governance actions decided since Chang. 81 enacted, 39 expired, 34 info actions closed.
Median time to a decision: 7 epochs, about five weeks. Hard forks: under 3.
Treasury withdrawals: 103 decided, 70 enacted, 33 expired.
Median time to a decision: 7 epochs, about five weeks. Hard forks: under 3.
Treasury withdrawals: 103 decided, 70 enacted, 33 expired.
September 18, 2026 at 11:13 AM
154 governance actions decided since Chang. 81 enacted, 39 expired, 34 info actions closed.
Median time to a decision: 7 epochs, about five weeks. Hard forks: under 3.
Treasury withdrawals: 103 decided, 70 enacted, 33 expired.
Median time to a decision: 7 epochs, about five weeks. Hard forks: under 3.
Treasury withdrawals: 103 decided, 70 enacted, 33 expired.
Movers of the epoch, 656.
STORM Partners lost 95.6% of its voting power in one epoch, 5.1M ₳.
Everstake gained the most, +11.4M ₳ (+6.2%). FIMI grew the fastest, +17.9% for 8.6M ₳.
Yoroi is down again, 4.2M ₳ (0.9%).
STORM Partners lost 95.6% of its voting power in one epoch, 5.1M ₳.
Everstake gained the most, +11.4M ₳ (+6.2%). FIMI grew the fastest, +17.9% for 8.6M ₳.
Yoroi is down again, 4.2M ₳ (0.9%).
September 17, 2026 at 4:13 PM
Movers of the epoch, 656.
STORM Partners lost 95.6% of its voting power in one epoch, 5.1M ₳.
Everstake gained the most, +11.4M ₳ (+6.2%). FIMI grew the fastest, +17.9% for 8.6M ₳.
Yoroi is down again, 4.2M ₳ (0.9%).
STORM Partners lost 95.6% of its voting power in one epoch, 5.1M ₳.
Everstake gained the most, +11.4M ₳ (+6.2%). FIMI grew the fastest, +17.9% for 8.6M ₳.
Yoroi is down again, 4.2M ₳ (0.9%).
What passed in Cardano governance, and why?
The Governance Review covers a few epochs at a time: funding decisions, voting patterns and the reasons DReps gave. Each edition includes charts, every source linked and a saved snapshot of the data.
https://dreptalk.com/governance-review/
The Governance Review covers a few epochs at a time: funding decisions, voting patterns and the reasons DReps gave. Each edition includes charts, every source linked and a saved snapshot of the data.
https://dreptalk.com/governance-review/
Cardano Governance Review
Dated reviews of Cardano governance, a few epochs at a time: what was decided, who moved it, and what the numbers say.
dreptalk.com
September 16, 2026 at 12:52 PM
What passed in Cardano governance, and why?
The Governance Review covers a few epochs at a time: funding decisions, voting patterns and the reasons DReps gave. Each edition includes charts, every source linked and a saved snapshot of the data.
https://dreptalk.com/governance-review/
The Governance Review covers a few epochs at a time: funding decisions, voting patterns and the reasons DReps gave. Each edition includes charts, every source linked and a saved snapshot of the data.
https://dreptalk.com/governance-review/
35.6% of all DRep votes carry a rationale link. Weighted by voting power: 61.5%.
Coverage per decided action climbed from 12.7% in epoch 514 to a peak of 47.7%. Best covered: CC Compensation, 47.7% of 174 votes. Least: the Plomin rename, 12.7% of 181.
Coverage per decided action climbed from 12.7% in epoch 514 to a peak of 47.7%. Best covered: CC Compensation, 47.7% of 174 votes. Least: the Plomin rename, 12.7% of 181.
September 15, 2026 at 5:00 PM
35.6% of all DRep votes carry a rationale link. Weighted by voting power: 61.5%.
Coverage per decided action climbed from 12.7% in epoch 514 to a peak of 47.7%. Best covered: CC Compensation, 47.7% of 174 votes. Least: the Plomin rename, 12.7% of 181.
Coverage per decided action climbed from 12.7% in epoch 514 to a peak of 47.7%. Best covered: CC Compensation, 47.7% of 174 votes. Least: the Plomin rename, 12.7% of 181.
Every DRep sees their voting power go up. Almost none can say who it came from. Voting power origins shows you.
September 14, 2026 at 4:00 PM
Every DRep sees their voting power go up. Almost none can say who it came from. Voting power origins shows you.
DReps holding delegated power but casting no vote in 12 epochs: 211 in epoch 508, 607 in epoch 652.
The share of power-holding DReps that voted peaked at 50% and sits near a third today.
A DRep that does not vote counts toward nothing. Not yes, not no, not the threshold.
The share of power-holding DReps that voted peaked at 50% and sits near a third today.
A DRep that does not vote counts toward nothing. Not yes, not no, not the threshold.
September 13, 2026 at 5:01 PM
DReps holding delegated power but casting no vote in 12 epochs: 211 in epoch 508, 607 in epoch 652.
The share of power-holding DReps that voted peaked at 50% and sits near a third today.
A DRep that does not vote counts toward nothing. Not yes, not no, not the threshold.
The share of power-holding DReps that voted peaked at 50% and sits near a third today.
A DRep that does not vote counts toward nothing. Not yes, not no, not the threshold.