Input Output Global (IOG) completed a review of two governance actions in Cardano's Voltaire-era electorate, finding the DeFi Liquidity action unconstitutional and the Amaru action constitutional.
The DeFi Liquidity proposal was deemed unconstitutional due to a mismatch in the cryptographic hashes embedded in the off-chain document and on-chain transaction, preventing it from moving forward unless resubmitted with matching metadata.
In contrast, the Amaru 2025 project seeking funding for an alternative Cardano node implementation passed IOG's review, aligning with decentralization goals and meeting constitutional requirements for approval.
Cardano's governance process allows for voting until June 8, with the potential rejection of the DeFi Liquidity action due to flawed metadata, while the approved Amaru budget can proceed for fund allocation adhering to spending guidelines.