1. Treasury
  2. Projection

Treasury Projection

Treasury projection inputs

Adjust the assumptions below to see how the treasury balance evolves over the next 20 years.

Avg fees per epoch₳ 41,214

Current: ₳ 41,214

Annual withdrawal320M ₳

20-year projection

Treasury growth rate τ = 20.0%, monetary expand rate ρ = 0.30%.

ADA 0 1,000,000,000 2,000,000,000 3,000,000,000 4,000,000,000 5,000,000,000 6,000,000,000 7,000,000,000 2026 2026 2027 2028 2028 2029 2030 2030 2031 2032 2032 2033 2034 2034 2035 2036 2036 2037 2038 2038 2039 2040 2040 2041 2042 2042 2043 2044 2044 2045 Treasury Reserves

Cardano 2025 value flows

Sankey diagram of 2025 income, treasury inflows, expenditures and loans.

Reserve emissions (2025) Fee revenue (2025) Treasury donations (2025) Rewards pot (2025) Treasury via τ (2025) Staking rewards (2025) Treasury (2025) Budget Expenditures (2025) Spent (Withdrawn) (2025) IOR - Cardano Vision Work Program 2025 (Withdrawn 2025) IOG - Beyond Minimum Viable Governance (Withdrawn 2025) IOG - Blockfrost Platform Community Budget Proposal (Withdrawn 2025) Input Output Engineering Core Development Proposal (6of6) (Withdrawn 2025) Input Output Engineering Core Development Proposal (5of6) (Withdrawn 2025) Input Output Engineering Core Development Proposal (4of6) (Withdrawn 2025) Input Output Engineering Core Development Proposal (3of6) (Withdrawn 2025) Input Output Engineering Core Development Proposal (2of6) (Withdrawn 2025) Input Output Engineering Core Development Proposal (1of6) (Withdrawn 2025) Allowlist Fund Test (Withdrawn 2025) Product Committee - Local Gatherings, Business Calls, Workshops (Withdrawn 2025) PyCardano - FAIR IO, LLC (Withdrawn 2025) OpShin - Python Smart Contracts for Cardano (Withdrawn 2025) Anzens - Expanding Stablecoin / Cardano Native Asset Support / Fiat Ramps (Withdrawn 2025) Supplyoneers FZ-LLC - Cardano Ecosystem Pavilions at Exhibitions (Withdrawn 2025) Flowdesk - Market Making as a service & Ecosystem Exchange Listing (Withdrawn 2025) Rainfire DAO - Cardano Builder DAO (Withdrawn 2025) Cardano Foundation - Unveiling the First Unified Global Events Marketing Strategy for Cardano (Withdrawn 2025) Cardano Foundation - Cardano Summit 2025 and regional tech events (Withdrawn 2025) Catalyst FC - Catalyst 2025 Proposal (Withdrawn 2025) Intersect MBO - A member-based organization for the Cardano ecosystem (Withdrawn 2025) AdaStat.net Cardano blockchain explorer (1 of 2) (Withdrawn 2025) NFTCDN - A free Native Asset CDN for Cardano Developers (Withdrawn 2025) MLabs- Core Tool Maintenance: Cardano.nix & Plutarch, Research towards Tooling for Elliptical Curves (Withdrawn 2025) Vellum Labs: Developer-Focused Blockchain Explorer for Cardano (Withdrawn 2025) Lantr - Scalus: DApps Development Platform (Withdrawn 2025) BloxBean Java Tools Maintenance and Enhancement (Withdrawn 2025) Tastenkunst GmbH - Eternl Maintenance (Withdrawn 2025) Cooperativa de Trabajo Eryx - ZK Bridge (Withdrawn 2025) Open Source Committee - Developer Advocates Program, Committee Travel Budget, Bug Bounty (Withdrawn 2025) GO MAESTRO INC - Complete Web3 developer stack (Withdrawn 2025) VacuumLabs - Hardware Wallets Maintenance & Ledger App Rewrite (Withdrawn 2025) zkFold ZK Rollup (Withdrawn 2025) TxPipe - Pallas, UTxO RPC, Dolos (Withdrawn 2025) Allocated (Active/Matured/Paused) (2025) IOR - Cardano Vision Work Program 2025 (Allocated 2025) IOG - Advancing Decentralised Community Innovation Funding & Infrastructure (Allocated 2025) IOG - Beyond Minimum Viable Governance (Allocated 2025) IOG - Blockfrost Platform Community Budget Proposal (Allocated 2025) Input Output Engineering Core Development Proposal (6of6) (Allocated 2025) Input Output Engineering Core Development Proposal (5of6) (Allocated 2025) Input Output Engineering Core Development Proposal (4of6) (Allocated 2025) Input Output Engineering Core Development Proposal (3of6) (Allocated 2025) Input Output Engineering Core Development Proposal (2of6) (Allocated 2025) Input Output Engineering Core Development Proposal (1of6) (Allocated 2025) PSSC Fund Test 2 (Allocated 2025) Product Committee - Local Gatherings, Business Calls, Workshops (Allocated 2025) PyCardano - FAIR IO, LLC (Allocated 2025) OpShin - Python Smart Contracts for Cardano (Allocated 2025) Anzens - Expanding Stablecoin / Cardano Native Asset Support / Fiat Ramps (Allocated 2025) Supplyoneers FZ-LLC - Cardano Ecosystem Pavilions at Exhibitions (Allocated 2025) Flowdesk - Market Making as a service & Ecosystem Exchange Listing (Allocated 2025) Rainfire DAO - Cardano Builder DAO (Allocated 2025) Cardano Foundation - Unveiling the First Unified Global Events Marketing Strategy for Cardano (Allocated 2025) Catalyst FC - Catalyst 2025 Proposal (Allocated 2025) Intersect MBO - A member-based organization for the Cardano ecosystem (Allocated 2025) AdaStat.net Cardano blockchain explorer (1 of 2) (Allocated 2025) NFTCDN - A free Native Asset CDN for Cardano Developers (Allocated 2025) MLabs- Core Tool Maintenance: Cardano.nix & Plutarch, Research towards Tooling for Elliptical Curves (Allocated 2025) Lantr - Scalus: DApps Development Platform (Allocated 2025) BloxBean Java Tools Maintenance and Enhancement (Allocated 2025) Tastenkunst GmbH - Eternl Maintenance (Allocated 2025) Cooperativa de Trabajo Eryx - ZK Bridge (Allocated 2025) Harmonic Laboratories: Gerolamo - Cardano Node in typescript (Allocated 2025) Open Source Committee - Developer Advocates Program, Committee Travel Budget, Bug Bounty (Allocated 2025) GO MAESTRO INC - Complete Web3 developer stack (Allocated 2025) VacuumLabs - Hardware Wallets Maintenance & Ledger App Rewrite (Allocated 2025) zkFold ZK Rollup (Allocated 2025) Midgard Labs - Lucid Evolution Maintenance (Allocated 2025) TxPipe - Pallas, UTxO RPC, Dolos (Allocated 2025) Midgard - Optimistic Rollups (Allocated 2025) Loans (2025) Pragma - Amaru Budget Proposal (Withdrawn 2025) Snek Foundation - 5M ADA Loan for Cardano's Global Listing Expansion (Loan 2025)