Cardano’s Intersect returns 115,172 unused ADA to treasury

Cardano community group Intersect has returned 115,172 ADA in unused funds from last year’s Cardano Product Committee budget, worth $23,500, to the network treasury, The Crypto Basic reported. Intersect sent the funds back on Oct. 20-21 using the fund return function of the Treasury Reserve Smart Contract, or TRSC. It was the first time Intersect had used the feature on mainnet, confirming that unspent funds from approved budgets can be recovered to the treasury.