1. Memory Unit Governance Action
The committee reviewed the successful execution of the governance action regarding memory units.
- Status: The action was previewed and enacted, effectively increasing the memory unit capacity for transactions.
- Compliance: To adhere to safety guardrails that limit the percentage change of a parameter in a single action, the adjustment was split into two separate governance actions. This ensured the network reached the intended 25% increase securely.
2. Initial Parameter Settings for Community Voting
The committee discussed providing guidance on initial values for new protocol parameters ahead of an upcoming off-chain stake-weighted vote.
- Goal: Offer the community a range of viable options to ensure convergence on stable settings.
- Technical Note: Committee members flagged that certain proposed values—specifically the $L$ parameter (related to delegator inactivity)—may have no immediate impact due to current staking timelines.
- Next Steps: The committee will provide formal feedback to the incentives working group to ensure the community has technically sound options to vote on.
3. Strategy on Hard Forks and Network Stability
A significant portion of the meeting focused on the frequency and impact of hard forks on the Cardano ecosystem.
- Ecosystem Friction: Feedback suggests that frequent hard forks create a heavy burden for exchanges, custodians, and developers. Issues include broken tooling, outdated documentation, and high maintenance costs for third-party integrators.
- Scheduling: While there is a push for a mid-January hard fork to deliver features funded by the treasury, there is a counter-effort from various working groups to delay hard forks as much as possible to prioritize stability.
- Coordination: The committee noted that while development is well-funded, coordination regarding the timing and communication of hard forks needs significant improvement to minimize disruption.