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!