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!