Intersect CoinCeylon x Sri Lanka Hub @IntersectSriL
Welcome to @Coin_Ceylon x @IntersectMBO hub Sri Lanka
1st hub in South Asia
Lets Build the future of Cardano Together
Cardano බ්ලොක්චේන් අනාගතය අපි එක්ව ගොඩනගමුintersectmbo.org Sri LankaJoined May 2024
We have been following the security incident affecting SecondFi closely, and our thoughts are with everyone impacted.
On scope, and to help avoid wider concern, this is an isolated issue specific to SecondFi’s own wallet software. Other wallets across the Cardano ecosystem are not affected, and at the network level Cardano continues exactly as intended - with the ledger intact and consensus producing and validating blocks without interruption.
We have also seen the community step in to investigate and support the response, a reflection of how this ecosystem rallies when it matters. That collaborative instinct is one of Cardano’s real strengths.
For those affected, however, the official @secondfiapp account remains the authoritative channel for updates on the incident, the response, and any next steps.
A reminder, incidents like this attract opportunists. Stay alert to impersonation and phishing. No legitimate party will ever ask for your seed phrase or private keys.
Constitutional Committee elections 2026, facilitated by Intersect 🗳️
Candidate registration for the CC elections 2026 have now closed!
Thank you to everyone who has registered.
Next up is voting!
OPEN: June 23, 2026 9:45PM UTC
CLOSE: July 23, 2026 9:45PM UTC
DReps and ada holders can continue to login and ask candidate questions 👇️
hydra-voting.intersectmbo.org/votes/cc-vote-…
This week's Intersect update is out now:
Inside:
🔹 Final audited results from the 2026 Budget Process
🔹 Progress towards the van Rossem hard fork
🔹 What's on next week
🔹 Pyth launches free Pro access for Cardano builders
🔹 Committee and governance updates
Read the full update 👇
intersectmbo.org/news/intersect…
Constitutional Committee elections 2026 facilitated by Intersect 🗳️
We now have 5 candidate registrations on the Hydra Voting platform!
Registration closes: June 21, 2026 at 9:45PM UTC
REMINDER - The budget process allowed login using DRep and stake keys to provide comments/questions/feedback for proposals, the CC election process allows you to do the same with candidates.
Your participation matters.
hydra-voting.intersectmbo.org/votes/cc-vote-…
Weekend reading is served ☕️
This week's Intersect Weekly Update is out now.
Inside:
🔹 van Rossem hard fork readiness
🔹 Record participation in the 2026 budget vote
🔹 Constitutional Committee election updates
🔹 Constitutional Amendment Process moves toward public testing
🔹 Live governance action updates
🔹 What's on next week
If you're looking to catch up on governance, development, and ecosystem news this weekend, we've got you covered. 👇
intersectmbo.org/news/intersect…#Cardanocommunity
Intersect has submitted a parameter update governance action proposing to update the committeeMinSize parameter from 7 to 5.
This does not seek to reduce the Constitutional Committee from 7 members, but intends to introduce an operational buffer designed to help governance to function should the Committee temporarily fall below the current level.
A similar proposal was up for vote on-chain earlier this year but unfortunately was invalidated prematurely due to a technical collision with another on-chain parameter at the time.
This resubmission is intended to give DReps and CC members their fully allotted time to cast their votes and provide their feedback via rationale if desired.
Read the full metadata here:
gov.tools/governance_act…
Constitutional Committee Election 2026 Update 🗳️
The candidate registration window has been extended to 21 June 2026 following a 6–0 Civics Committee vote (1 abstention).
The extension helps preserve the competitive integrity of the election by providing additional time for prospective candidates to complete and submit applications.
✅ Full 30-day voting period remains unchanged
✅ On-chain timeline remains on target
✅ Additional outreach and candidate support planned across the ecosystem
If you're considering serving on Cardano's Constitutional Committee, now is the time: hydra-voting.intersectmbo.org/cc-elections
Please reach out for support to apply if needed
Cardano is ranked #1 on @MessariCrypto Gainers by Stablecoin Marketcap, up 60.8%.
Stablecoins on Cardano are growing. And soon, treasury withdrawals will be available in USDCx.
The infrastructure is ready.
Stablecoin update!
Intersect has minted $9m+ in USDCx this week under our administration of Cardano’s Critical Integrations budget.
Earlier this year we also minted across USDM and USDA, using Cardano-native stables to meet contract & milestone obligations for integrations signed to date.
All supported through close coordination with our Pentad partners @Cardano_CF@emurgo_io@IOGroup@midnightfdn
This also marks an important milestone as we close in on enabling the use of Cardano-native stablecoins for vendors under our administration.
As previously stated, here is the current hard fork compatible release of Ogmios, just released.
github.com/IntersectMBO/o…
This Ogmios fork is hosted under the IntersectMBO repositories as an interim measure, allowing the hard fork to progress on PreProd while providing additional time for the original Ogmios owner to review the changes before any merging back to the original branch ahead of the Mainnet hard fork enactment.
Reminder: PreProd HF ratification is now expected May 31, with enactment June 5.
Ogmios/Kupo update 🚨
PreProd HF ratification has been waiting for the readiness of some critical ecosystem tooling.
In order to progress the PreProd HF the decision has been made to fork Ogmios so that it can be made van Rossem compatible shortly, through a respective
This is not such a well-kept secret, but worth shouting about a little.
For all future successful withdrawals Intersect will be offering a clear and easy path for proposers under our administration to convert their ada to a Cardano native stable. Intersect will support vendors through our relationships with key exchanges and our native stablecoin issuers if requested and as soon as a withdrawal is approved.
Working through this is complex. It's far from an easy service to offer and has a myriad of cost implications, but Intersect is in a unique position to make inroads here, and we'd being doing the ecosystem a disservice not to build this out. Stimulating our stablecoins and to make it easier for vendors to plan and budget against, is a must-solve area.
What Intersect is building out now is the step from Treasury to funded contract - with vendors being able to drawdown their stablecoin of choice once they hit their milestones.
A lot of the upfront headache will be addressed, but @InASingleWord and @blinklabs_io documented their experience and challenges really well, and raises important factors to consider as a recipient of treasury funds and once a vendor has stables in their custody. See here medium.com/@blinklabs_io/…
We'll keep doing more on this front, but the good news is there'll be a holistic path from Treasury award in ada to stablecoin moving forward!
Plutus Cost Model update proposal now live on Mainnet!
Having progressed through SanchoNet, Preview and PreProd test networks during March, April and May respectively, the Plutus Cost Model GA is now live on Mainnet.
The main effect of the update will be to enable new Plutus primitives in Plutus V1, V2 and V3 and to ensure consistency between Plutus V1, V2 and V3. It will also make changes to some existing Plutus primitives.
Pre-HF:
Increases to some existing primitives. DApps and developers please make sure that your current mainnet settings will not be negatively impacted. Testing on Preview and PreProd has been highly encouraged throughout.
Post-HF:
This update introduces some new primitives that will only become available following enactment of the hard fork to protocol version 11.
We would like to acknowledge the @IntersectTSC and the Parameter Committee for their role in overseeing the progression of this update, with testing and benchmarking conducted under the full oversight of these two bodies.
This proposal requires DRep and CC votes.
gov.tools/governance_act…
Hydra Voting for the 2026 Budget Process is now open.
From today until 12 June, DReps can review and vote on proposals submitted through the Intersect budget process using the Hydra Voting platform.
Over the past weeks, proposers, reviewers, DReps, and community members have contributed feedback, discussion, and refinements across a wide range of proposals. That review phase has now concluded, and proposals are locked ahead of voting.
To progress through the process, proposals must reach:
✅ 67% approval of participating stake within Ekklesia
Community discussion remains open throughout voting and can continue helping inform DRep decision-making.
If you are participating in governance:
• review proposals carefully
• engage with proposers
• ask questions
• contribute constructively
Governance participation is strongest when informed by open discussion and active community engagement.
📅 Voting closes: 12 June 2026 - 12:00 UTC
📘 Voting Guide:
docs.hydra-voting.intersectmbo.org/budget-process…
📂 Hydra Voting Platform:
hydra-voting.intersectmbo.org
Attention SPOs!!! We need you to update to 11.0.1. It has better performance, is hard fork ready and reduces chances of forks from larger blocks! Let's go folks! While there's still downstream tooling integrating, none of that affects block producers. Thanks all!!!
The Final Feedback and Review of the Cardano Budget 20206 process facilitated by Intersect has now closed.
The 69 submitted proposals will now be locked ahead of the Hydra Voting phase which begins May 26, 2026 at 12PM UTC.
DReps and ada holders with a stake address can continue to provide feedback to inform the voting phase but proposers will no longer be able to edit their proposals based on further feedback. This ensures integrity of the voting phase by ensuring what is voted on is not changed mid-vote.
Thank you to all proposers and everyone who has provided feedback to date. Your participation is what makes this process work.
hydra-voting.intersectmbo.org/votes/cardano-…
REMINDER:
The FInal Feedback and Review phase on the Hydra Voting platform closes Friday, May 22 2026 at 1200 UTC 🕛
Your feedback matters.
Proposers can still update and improve their proposals based on community feedback, but only until the feedback window closes. At which point they will be locked ahead of voting.
After that, comments can still help inform DRep decisions, but proposals themselves can no longer be changed.
If there’s something you want clarified, strengthened, challenged, or improved, now is the time to say it.
hydra-voting.intersectmbo.org/votes/cardano-…
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