Jun 6 2024 | Voltaire era: Parameter committee intermediate state

Governance Parameters Committee Updates
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Agenda and Updates:

Agenda

  • Welcome to Lewis Mayne (Intersect)

  • Governance parameter status

  • New Plutus cost model settings

  • PCP003 Status

  • Update on ‘k’ parameter

Updates

  • Status of Governance Parameters Governance parameter settings have been confirmed and deployed to SanchoNet

  • Plutus v1/v2/v3 Cost Model Settings New Plutus cost model settings were discussed. Some further information on changes has been requested, to be presented and discussed at the next parameter committee meeting

  • PCP003 Status Benchmarking work is ongoing to support a recommendation on the Plutus memory limit setting.

  • Update on ‘k’ parameter A summary update has been prepared and will be released to the community. The community is advised to consider improvements to the rewards scheme to support smaller pools via e.g. Intersect Cardano work items

  • Based on community feedback to the proposed initial setting requesting a much lower initial setting, the Committee will reconsider MinFeeRefScriptCostPerByte at its next meeting

2 Likes
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Can you expand on the K update? Or should we wait for the summary to the community to be released? - Thanks!

2 Likes
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What happened to the guardrail document? It doesn’t look like it was addressed and I haven’t seen it be released yet.

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It will be released as an Appendix to the Interim Constitution.

Best Wishes,
Kevin

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Best to wait for the summary.

Best Wishes,
Kevin

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