Intersect Returns 115,172 ADA to Cardano Treasury in First Mainnet Refund
- —Refund executed in two transactions on Oct 20 and 21: 55,172 and 60,000 ADA
- —Total 115,172 ADA was worth $23,483 at $0.2039
- —First use of the SweepTreasury function on Cardano mainnet
- —Cardano treasury fell 232.5M ADA over 12 months to 1.4B ADA
Why it matters: The refund proves the treasury's recovery mechanism works in practice, strengthening transparency of Cardano's on-chain governance.
Source: Cryptonews.net