Input Output Global (IOG) is committed to supporting the evolution and advancement of Cardano. To this end, IOG - in association with the Cardano Foundation and Emurgo - will enact the Parameter Committee’s recommendation to reduce the minPoolCost parameter from 340 Ada to 170 Ada.
This recommendation is supported by the accumulation of research and feedback over the course of the last eight months and beyond. The recommendation also takes into account the on-chain poll, regular calls with the SPO community, discussions across many platforms and fora, and expert analysis from the Parameter Committee advisory groups, whose minutes are publicly accessible here.
Plan of Action
After agreement with the Parameter Committee, and the signing authorities, we have now submitted the Change Request to the Preprod and Preview environments with the intention of submitting the change to mainnet on the 23rd of October. This will take effect at the end of the epoch, on the 27th of October, at 21:44:51 UTC.
IOG looks forward to seeing more recommendations from the Parameter Committee on issues important to the Cardano ecosystem, and the discussions these engender; and we encourage you to participate in the Parameter Change Proposal (PCP) process to create new PCPs for the committee to consider.