Cardano treasury: 115,172 ADA flow back, what changes for delegators

A note on how to read this piece. On the record: on October 20 and 21, 2026 the organisation Intersect returned 55,172 and 60,000 ADA to the Cardano treasury in two transfers, 115,172 ADA in total out of the 2025 budget of the Cardano Product Committee. Our own reading follows further down: for the price this amount means nothing; for the question of whether Cardano's budget contract is more than a promise, it means a good deal. The transaction is documented in the Intersect Weekly Update 134 of October 24, 2026.