Digest January 6, 2025: New Year’s Message | Call To Action: SPOs to Vote on Hard Fork Initiation (“Plomin” Hard Fork) | A Spotlight on Stake Pools: LOGIC Pool

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Cheers to a Bright 2025!

As we step into a new year, let’s celebrate the resilience, collaboration, and determination of the Cardano Community. May 2025 bring us closer to a decentralized future, filled with innovation, empowered governance, and unstoppable growth.

Together, we continue to build the foundations of a better tomorrow. Happy New Year!

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Call To Action: SPOs to Vote on Hard Fork Initiation (“Plomin” Hard Fork)

Attention SPOs: The ongoing Governance Action Type: Hard Fork Initiation for the Plomin Hard Fork has not yet reached the required threshold of 51% votes by stake weight.

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Source: adastat.net

83.13% of total ada staked has not yet voted

At the time of writing, 83.13% of the total ADA staked has not yet cast their votes. In order for the Plomin Hard Fork to move forward, 51%+ of the delegated stake needs to vote, either Yes (to approve the Plomin Hard Fork) or No (to reject it). Your vote, as SPO, is essential in reaching the required threshold.

Need Assistance?

If you’re unsure how to cast your vote, these step-by-step guides can help:

What’s the Plomin Hard Fork All About?

The Plomin Hard Fork is a major upgrade to the Cardano mainnet, advancing governance and technical capabilities by implementing Protocol Version 10.

Here’s what it brings:

  1. Full CIP-1694 Governance: Enables all seven governance actions, with voting rights for DReps, SPOs, and the Constitutional Committee.

  2. Staking Rewards Update: Rewards will accumulate as usual but can only be withdrawn after delegating to a DRep (including abstain/no-confidence options).

  3. Plutus Enhancements: Introduces new primitives for more advanced smart contracts.

How can you as an ada holder or delegator get involved:

As an ADA holder or delegator, you can actively participate in Cardano governance in several ways:

  1. Delegate to a DRep
    Delegate your stake to a trusted Delegated Representative (DRep), who will vote on your behalf in governance actions.
  2. Become a DRep (more info on how to become a DRep)
  3. Know your SPOs: As SPOs and DReps are now responsible for voting on governance actions, it’s essential to understand how the SPOs you delegate your ADA to are voting.Join an Intersect Working Group
    Collaborate with others by joining an Intersect working group, where you can contribute to governance, technical development, and special interest initiatives.

Learn more about Intersect working groups here: Intersect Working Groups Overview

A Spotlight on Stake Pools: LOGIC

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In this “Spotlight on Stake Pools,” meet the Logical Mechanism [LOGIC] stake pool, operated by Quinn Parkinson. Today we arwe highlighting some of the pool’s initiatives, including contributions to Project NEWM, Aiken, and the development of a novel proof-of-humanity solution. Parkinson also discusses the pool’s bare metal approach and its ongoing mission to drive technical excellence, community engagement, and innovation within the Cardano ecosystem.

To learn more about LOGIC, its operator, and how Cardano Foundation Delegation has impacted their operations, read the full blog.

Other Cardano Related News

  • Stay up to date with last week’s news from the Cardano ecosystem, brought to you by Cardanias
  • CIP for Cardano Programmable Assets: This CIP (CIP-113) may officially set a standard to have interoperable securities, RWA, and stablecoins compatible with Cardano DeFi. source
  • Catch Mike Hornan every Thursday on Discord for the weekly Governance CC workshop. source
  • Missed the DRep Growth X Space with Lloyd Douhon and Matthew Capps? Listen to the episode again here. source

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2 Likes
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As far as I know, DReps do not vote in this specific Hard Fork Initiation (Plomin HF). Please amend the text:

This action requires unanimous approval from all three roles (SPOs, DReps and CC). A prerequisite for this action is the upgrade of the node version by the SPOs.

4 Likes
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Quote from CIP-1694:

Hard-Fork initiation on “Hard fork initiation”:

Regardless of any governance mechanism, SPO participation is needed for any hard fork since they must upgrade their node software. For this reason, we make their cooperation explicit in the hard fork initiation governance action, by always requiring their vote. The constitutional committee also votes, signaling the constitutionality of a hard fork. The DReps also vote, to represent the will of every stake holder.

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The DReps will be able to vote after this hard fork upgrade. Before Plomin HF, DReps can only vote for “Info Actions”. So what you wrote, is generally true but not implemented yet.

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Thanks, I appreciate your context explanation!

1 Like