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!