概要
SIPO DRepレビュー支援用の日本語作業訳です。正式な内容はHydra Voting上の英語原文を参照してください。
この提案は、Dano FinanceがDeFi KernelをCardano DeFiの共有流動性・on-chain financial intents・global order-book coordinationのopen standardとして整備し、DeFi Kernel registry、Spot Leverage Order Book、American Options Market-Making Pools、Composable DeFi Transaction Builder SDKを開発するため、3,399,000 ADAを求めるものです。SIPOとしては、Cardano DeFiの流動性分断を減らし、options、leverage、orderbook、SDK、wallet/bot/indexer integrationを進める方向性は戦略的に重要で、Danoの既存TVLと実運用経験も評価します。一方で、Treasury資金がDanoの商用プロダクト開発を直接支える構図、open standardとopen-source licenseの違い、IOG等のDeFi Kernel関連提案との重複、3つの大きなWPが各100万ADA規模である予算根拠、監査範囲、契約主体が個人である点、ADA上昇時のUSD cap/返還、将来収益・手数料の公共還元を確認する必要があります。
英語原文を表示
This proposal requests **3,300,000 ADA** for Dano Finance to accelerate the **DeFi Kernel** as an open standard for shared liquidity, on-chain financial intents, and global order-book coordination on Cardano. Cardano DeFi is still fragmented. DEXs, lending protocols, options protocols, marketplaces, and future synthetic asset systems often operate as separate liquidity silos. The DeFi Kernel addresses this by defining a common standard where compatible smart contracts are permissionless, composable, and discoverable: users can write or fill orders without a privileged batcher, contracts publish clear datum/redeemer schemas, and orders can be found through on-chain mechanisms such as CIP-89 beacon tokens, deterministic addresses, or other tagging methods. Dano Finance will support the DeFi Kernel adoption by improving the public **defikernel.org** platform and registry so any Cardano builder can submit a compatible smart contract and make its information visible to the ecosystem. The platform will document script hashes, datum/redeemer schemas, integration steps, supported off-chain libraries, audit/security status, TVL references, and other metadata that wallets, bots, indexers, and protocols need to integrate reliably. Alongside the DeFi Kernel registry work, Dano Finance will deliver two practical DeFi Kernel-compatible primitives, **Spot Leverage Order Book** and **American Options Market-Making Pools**, plus a **Composable DeFi Transaction Builder SDK** that helps wallets, bots, indexers, and other dApps discover, compose, and settle DeFi Kernel-compatible orders. The value to Cardano is a more connected DeFi stack: a stronger DeFi Kernel platform, clearer smart contract metadata, easier integrations, deeper liquidity, better composability, new risk-management markets, and a foundation for future financial applications.