Welcome to the Archway Governance Forum’s bi-weekly Governance Updates!
Here, we will provide updates every two weeks on Friday about the latest developments, decisions, and discussions within the Archway ecosystem. Our goal is to keep the community informed and engaged with the ongoing governance processes, ensuring transparency and active participation.
Stay tuned for the latest insights and news, and feel free to join the conversation and share your thoughts!
Archway Governance Update - Jul 7, 2024
Welcome to the bi-weekly Archway Governance Update!
This update includes recent proposals and ongoing discussions within the community. The goal is to keep everyone informed about progress and engaged in the evolution of the network.
On-chain Proposals
Prop #47: Update callback gas limit param
This proposal seeks to increase the callback gas limit parameter to 1,000,000 to allow for executing more complex transactions that require additional computational resources.
Active Forum Discussions
Marketing DAO Budget Request
This proposal seeks $80,000 for the next 3 months to continue the Marketing DAO’s efforts in promoting Archway and its ecosystem.
Discussions over the past two weeks have focused on the ROI of previous marketing efforts and the strategic plan for the next quarter. Some community members requested detailed metrics from past campaigns to justify the budget, while others emphasized the importance of sustained marketing for long-term growth.
Validator Set Reduction
This proposal aims to reduce the number of validators in the active set to achieve a more balanced distribution of voting power and enable more sustainable economics (i.e. a decrease in emissions).
Community members have been discussing the optimal number of validators to balance security and decentralization. Some members emphasized the need for a phased approach to monitor the impact gradually.
Community Updates:
Given the low turnout on calls over the past year, we are transitioning to bi-weekly written updates. The aim is to provide more detailed and accessible information to the entire community. This will provide everyone a record and visibility into the discussions, and make it easier for more community members to participate async. We want to drive awareness of ongoing proposals and discussions, and get more stakeholders actively engaged!
Thank you for being an active part of the Archway community. Your participation and input shapes the future of the Archway ecosystem. Stay tuned for the next update in two weeks!
Welcome to the bi-weekly Archway Governance Update!
This update includes recent proposals and ongoing discussions within the community. The goal is to keep everyone informed about progress and engaged in the evolution of the network.
On-chain Proposals
Prop #47: Update Callback Gas Limit Parameter
Prop #47 has passed. The callback gas limit parameter has been increased to 1,000,000, enabling the execution of more complex transactions that require additional computational resources.
Active Forum Discussions
Marketing DAO Budget Request
The current request seeks $50,000 for the next 3 months to continue the Marketing DAO’s efforts in promoting Archway and its ecosystem.
Discussions continue to focus on the ROI of previous marketing efforts and the strategic plan for the next quarter. Some community members have requested more detailed metrics from past campaigns, while others emphasize the importance of sustained marketing for long-term growth.
Validator Set Reduction
This proposal aims to reduce the number of validators in the active set to achieve a more balanced distribution of voting power and enable more sustainable economics (i.e., a decrease in emissions).
Community members are discussing the optimal number of validators to balance security and decentralization. Some members emphasize the need for a phased approach to monitor the impact gradually.
Thank you for being an active part of the Archway community. Your participation and input shape the future of the Archway ecosystem. Stay tuned for the next update in two weeks!
Archway Governance Update - Aug 9, 2024
Welcome to the bi-weekly Archway Governance Update!
This update includes recent proposals and ongoing discussions within the community. The goal is to keep everyone informed about progress and engaged in the evolution of the network.
Active Forum Discussions
Validator Set Reduction
This proposal aims to reduce the number of validators in the active set to achieve a more balanced distribution of voting power and enable more sustainable economics (i.e., a decrease in emissions).
Community members are discussing the optimal number of validators to balance security and decentralization. Some members emphasize the need for a phased approach to monitor the impact gradually.
Lower Archway Inflation Rate
Phi Labs, Archway core contributors, propose lowering the Archway network’s inflation rate. They propose a target inflation rate of 3% to ensure long-term network sustainability and reduce token volatility.
Thank you for being an active part of the Archway community. Your participation and input shape the future of the Archway ecosystem. Stay tuned for the next update in two weeks!
Archway Governance Update - Aug 23, 2024
Welcome to the bi-weekly Archway Governance Update!
This update includes recent proposals and ongoing discussions within the community. The goal is to keep everyone informed about progress and engaged in the evolution of the network.
Active Forum Discussions
Validator Set Reduction
This proposal aims to reduce the number of validators in the active set to achieve a more balanced distribution of voting power and enable more sustainable economics (i.e., a decrease in emissions).
Community members are discussing the optimal number of validators to balance security and decentralization. Some members emphasize the need for a phased approach to monitor the impact gradually.
Lower Archway Inflation Rate
Phi Labs, Archway core contributors, propose lowering the Archway network’s inflation rate. They propose a target inflation rate of 3% to ensure long-term network sustainability and reduce token volatility.
Lava Public RPC: Boosting UX & DevX
This proposal introduces the integration of Lava’s Public RPC services, aiming to improve network accessibility and performance for both users and developers.
Thank you for being an active part of the Archway community. Your participation and input shape the future of the Archway ecosystem. Stay tuned for the next update in two weeks!
When were publicly-streamed Governance Calls going to be resumed?
And not just on Discord, that’s a terrible platform to host a live audio call.
Use Twitter, more people can join in and you get more visibility.
There are several props that are worth discussing on a call that have not been.
Do we have a set schedule for the upcoming call, and is Phi Labs actually willing to listen to the concerns of the community and act in the community’s best interests?
I see a lot of self-serving people who do not have Archway’s best interests at heart, and purposely interfering with the governance process.
Archway Governance Update - Sep 06, 2024
Welcome to the bi-weekly Archway Governance Update!
This update includes recent proposals and ongoing discussions within the community. The goal is to keep everyone informed about progress and engaged in the evolution of the network.
On-chain Proposals
Prop #49: Proposal to reduce the Archway validator set & network inflation rate
Prop #49 has passed. The proposal, introduced by Phi Labs (Archway core contributors), aims to reduce the size of the validator set to 40 and lower the network inflation rate to 2%. This is intended to support the long-term sustainability of Archway.
Prop #48: Recover expired IBC client to Nibiru (cataclysm-1)
Prop #48 has passed. The IBC client (07-tendermint-106) connecting to Nibiru (chain ID: cataclysm-1) expired due to a relay operator service outage. To unblock tokens, the client will be recovered through governance.
Active Forum Discussions
Lava Public RPC: Boosting UX & DevX
This proposal introduces the integration of Lava’s Public RPC services, aiming to improve network accessibility and performance for both users and developers. The spending proposal is for $65,000 in ARCH, 70% of which to be used for 6 months of incentives and 30% to cover the Lava team’s costs.
Network Upgrade Proposal: Archway v9.0.0
The Archway v9.0.0 network upgrade proposal includes updates to CosmosSDK, CosmWasm, IBC, and CometBFT, along with the addition of the IBC Hooks Module and fixes for contract fee estimation queries. The upgrade is scheduled for block height 6464000, expected around September 19, 2024.
Proposal: Nomos Multisig Solution for Archway
The Nomos team is introducing a spending proposal for $75,000 in ARCH in exchange for transferring ownership of the Nomos multi-sig wallet to the community.
Thank you for being an active part of the Archway community. Your participation and input shape the future of the Archway ecosystem. Stay tuned for the next update in two weeks!