Overview
The Cardano Delegation Observatory Treasury page is a free tracker that shows how much ADA sits in a shared community fund and lists the requests to pay money out of it. For each request it shows who was to be paid, how much, and whether the payment went through1. Voters, researchers and reporters can follow the fund's balance over time without reading raw blockchain records.
The fund is the Cardano treasury, a pool of ADA that the community spends through withdrawal proposals put to a vote under Cardano governance. The page belongs to the Cardano Delegation Observatory, a governance data site run by cryptoleo79, an independent Cardano stake pool operator and DRep (a delegated representative who votes on behalf of ADA holders)2. Its figures come from Koios, a public service for reading Cardano data, through the operator's own Cardano Data Layer API1.
Key Features
- The fund's size at a glance. Header cards show the treasury balance, the reserves (ADA still held back from circulation), and the total ADA supply for the latest epoch, a five-day period on the network1.
- The balance over time. A chart plots the treasury balance in ADA for each epoch the page has tracked, so large payouts show up as drops in the line1.
- Each payout request in one table. The withdrawals table lists each treasury withdrawal by its on-chain ID, with the recipient's stake address (the account that receives the ADA), the amount, the epoch it took effect, and its outcome1.
- Votes and payouts in order. A companion Treasury Timeline page lists Cardano governance actions newest first, treasury withdrawals among them, with proposal titles, vote counts and a running total of enacted withdrawals3.
- Records that stay neutral. The Observatory's methodology ties each withdrawal record to its governance action and the DRep votes on it, and states that the site does not score, rank or judge any recipient4.
What to Expect
You land on a single page, in English or Japanese, with the headline figures and a "last updated" time at the top. The balance chart sits below them, followed by a long table of withdrawals. Each row carries an outcome tag: enacted means the ADA was paid out, active means the request is still open for votes, and dropped means it ended without taking effect1.
The table identifies recipients by stake address, not by name. To see what a request was for, open the Treasury Timeline, where entries carry titles such as "Governance Incentives Framework 2026" and link to a page for each action3. DReps can use the two pages together before a vote, and ADA holders can use them when choosing a DRep to vote for them. One shows the money, the other shows how earlier requests were decided.
Researchers get material they can reuse. The page's data is published under CC0, a license that places it in the public domain, and the page offers a ready-made citation line with its data snapshot date1. The methodology explains how the balance is read at every epoch boundary, and why treasury changes before the Conway era (the upgrade that brought on-chain voting to Cardano) are recorded but not linked to governance votes4. The site's code is open-source on GitHub under the Apache 2.0 license, and snapshots are taken daily2.
The wider Cardano Delegation Observatory covers DRep voting weight, delegation and participation2. People who want to compare views of the same fund can browse other treasury trackers.
