Governance Meeting Notes Mega-Thread

Secret Governance
62

Abstract

  • There seems to be a majority among validators that would prefer a 5% minimum validator commission. A signal proposal related to this will be posted on the forums in the near future to verify this through on-chain governance.
  • The updated version of the Secret Network Charter & Code of Conduct should include a section related to Conflicts of Interest, specifically requiring proposers to disclose CoIs on a good faith basis.
  • Part of the community would prefer to also include a section in the SN Charter & CoC related to validators abstaining on spend proposals in case there is a CoI. Another part of the community strongly opposes this.
  • There seems to be a growing minority that would like to see pay rates be instituted, but the specific details surrounding this still remain open for discussion.

Action Points

Full Notes

63

Abstract

  • The Secret Agency is having difficulty in finding people that are willing and able to be on the board. This might result in a smaller number of people putting their name on the NPO. Should be up and running in a few weeks.
  • Team Digiline is looking to put up a proposal for a secret DNS (based on the CCBL DNS bounty). They are looking for high-level feedback before moving into the forum discussion period.
  • An ‘express’ proposal type was brainstormed about, some more analysis of past proposals should help guide the discussion moving forward. “It’s totally useless until it’s useful, if it’s not an insane amount of work we should do it”.

Action Points

Full Notes

64

Abstract

  • A proposal to support the launch of limit orders on buttonswap is currently in the on-chain voting period.
  • The Testnet committee has posted an update on the forums, and a new proposal for the upcoming period. There are still a few compensated testnet validators slots available, reach out to Taariq if you’re interested and are running a mainnet validator.
  • The Support Team will go to the forums next week with a new proposal that will overhaul the structure and lower costs.
  • There doesn’t seem to be a strong desire to increase the active set size in the near future. Therefore it seems that October would be the next target assuming the data indicates it is possible without affecting the chain.

Action Points

Full Notes

65

Abstract

  • The roster of incentivized Testnet validators is now full and there is even a waiting list. Taariq is standing by for the testnet upgrade for Shockwave Delta in the coming weeks.
  • The new Support Team proposal has a strong focus on implementing and using Zendesk to automate most of the easy questions using the chat bot and the knowledge center. Metrics should be easier to track and response times shouldn’t be hurt too much by the reduced hours.
  • The minimum validator commission signal proposal will go to the forums later today after getting some last feedback right before the call. It will focus around the question whether a new governance parameter should be implemented to set a minimum validator commission rate.
  • Sifchain’s proposal #101 and its implementation resulted in a maximum voting power percentage for validators on their network, see the full notes for the discussion and brainstorm of how this could influence Secret Network in the future.

Action Points

Full Notes

66

Abstract

  • A new proposal (#107) to increase the validator set was likely proposed on-chain by someone new to the network without following governance norms. It most likely concerns a new validator outside of the active set that may be unfamiliar with the network charter. The timing is unfortunate due to the upcoming upgrade and could have been prevented by having a forum discussion. These two things seem to be underlying most no votes.
  • The minimum validator commission fee floor discussion continues, if the community decides to implement it before it’s part of the cosmos SDK version we use it would be easier to implement it as a hard-coded value. It might be better to slowly increase the floor, for example starting at 1% instead of jumping to 5% immediately. More feedback will be sought before moving the signal on-chain.
  • We should gather data regarding chain performance and how validator set increases affect it before actually increasing the parameter. Smaller increases more regularly might be preferable over larger increases. 100 validators seems to be the goal most validators are looking to move towards, but after the upgrade, and with data to determine performance implications. Every increase in the set comes with an increased CPU and memory burden for all nodes.
  • The Secret Foundation Transparency Report will be presented next week during our next Monthly Governance call.

Action Points

Full Notes

67

Abstract

  • The 22Q1 SF Transparency Report was presented today. It is a bit behind schedule due to competing priorities. The intention is to quickly release Q2 next month, and quickly thereafter Q3. Details in the full notes.
  • The Minimum Validator Commission Signal will likely change to contain a hardcoded value instead of a governance parameter due to practical considerations.
  • SF also presented a draft budget for the year ahead (not a 2023 budget), which is to act on a rolling basis. This is based on the current scope of SF and they do not expect significant increases or decreases in the upcoming year.

Action Points

Full Notes

68

Abstract

  • There doesn’t seem to be a very strong feeling either for or against increasing the deposit amount. Most people present seem to be fine with an increase to 1000 SCRT (the old value) as deposits can be filled by multiple people.
  • A long and good discussion was had on the USC proposal as posted on the forums yesterday. Main goal was to clarify the community’s questions and concerns so they can be answered by the proposers.

Action Points

Full Notes

69

Abstract

  • The Secret Network Charter should include a section on module integration, but it should not be overly complex and mainly focus on a longer discussion period.
  • DApp front-ends might not be ready for the upgrade by next Wednesday. There will be a forum thread later today to bring attention to this issue and potential solutions.
  • The USC module will not be part of the Shockwave Delta upgrade due to community feedback, discussion will continue on the forums.
  • The minimum validator commission signal proposal will go on-chain after the Shockwave Delta upgrade. It seems feasible to include this feature as a parameter in Shockwave Omega assuming the community would like it to be.

Action Points

Full Notes

70

Abstract

  • The Shockwave Delta upgrade today was super smooth, a big thanks to everyone involved, especially SCRT Labs, SF, and the validators.
  • Enabling IBC tokens for gas fees on Secret Network would directly impact the value proposition of SCRT. It is up to individual validators to decide on fees, but consensus in the gov call seemed to be that fees should be limited to SCRT. Something could always be built by a dApp to allow other fees within their application if they would require it. Some would only agree to it if the fees for non-SCRT tokens would be significantly higher (in the order of thousands of times).
  • Voting power changes, for example needing delegators to vote themselves for the full voting power to count, or allowing stakers to delegate their voting power to non-validators do not seem to be high priority discussions.
  • A few community members would like access to the private validator chat to be public. Validators disagree and fear it would reduce contributions and hinder technical discussions. Once it was clarified that there tend to be no governance-related discussions, the need for a public chat seemed to be reduced.

Action Points

Full Notes

71

Abstract

  • Following the Shockwave Delta upgrade some very large transactions require more gas than the maximum allowed in a block. Proposal 112 should correct that by increasing the max gas per block to 8M.
  • The SF Q2 TR presentation is tentatively scheduled for October 12th.
  • Part of the community would like to move all taxes to the Community Pool moving forward, where funding can then be requested. This would change the default and hopefully create more alignment on the priorities between SF and the community.

Action Points

Full Notes

72

Abstract

  • Secret Network will upgrade to v1.5 in the near future to enable IBC transfers of IBC-20s. More details regarding specific timing in the near future!
  • The Secret Agency is working on a proposal to create a DAO to be in more direct contact with the community and allow the community more influence within the Agency. More information later this week on the forums!
  • A part of the community would like to see an end to permanent taxes such as the SF tax. Instead they’d prefer to fund these initiatives / organizations through the community pool, or alternatively incorporate a set period in which the tax is active. This aims to ensure that regular (for example yearly) proposals are placed on-chain to ensure continued support for the budgets.

Action Points

Full Notes

73

Abstract

  • The Secret Network v1.5 upgrade is expected to occur at the end of the month October.
  • The Secret Agency Signaling DAO proposal on the forums would like some more feedback from the community, also specifically regarding whether this first proposal should go through SCRT Governance or not.
  • The Secret Foundation 2022-Q2 Transparency Report presentation is tentatively scheduled for the Monthly Governance call on October 26th.

Action Points

Full Notes

74

Abstract

  • The Secret Foundation 2022-Q2 Transparency Report was presented. SF income in USD was reduced by 93% in Q2.
  • The Secret Foundation taxes for 2021 have been submitted, the current runway (without Secret Agency) is a few years.
  • There have been a lot of questions regarding proposal #103, these have not been a priority currently due to SF not having the bandwidth to make it a priority because of the budget and Secret 2.0.
  • We know a number of things are changing with Secret 2.0, this may include the funding of the Secret Foundation and the Secret Agency. Specifics are not clear as it is still being worked on.
  • Keplr will add support for feegrant functionality in the near future, which will enable the feegrant faucet to function outside of CLI.

Action Points

  • Give SF feedback on the budget, what should be increased or decreased?
  • Do you have any questions for SF? Please put them in any of the governance channels during the coming week and they will be incorporated in the Transparency Report.
  • Discuss upcoming proposals on the forums: Secret Governance - Secret Network
  • Cast your votes on the open proposals: https://secretnodes.com/governance

Full Notes

75

Abstract

  • The v1.5 upgrade will occur on November 2nd around 14h00 UTC to enable SNIP20 IBC transfers.
  • The feegrant faucet (CCBL project by Secret Saturn) will soon be incorporated in the wrap.scrt.network website. Keplr and Fina have incorporated feegrant logic. The proposal will move on-chain this weekend as well.
  • The Q4 Validator and Community surveys will be going out today and tomorrow.
  • The CCBL will likely change it’s idea generation process to switch to collaborative working calls / discussions instead of an idea form to increase the amount of suitable ideas that can be included in the CCBL.

Action Points

  • Give SF feedback on the budget, what should be increased or decreased?
  • Do you have any questions for SF? Please put them in any of the governance channels before the weekend and they will be incorporated in the Transparency Report.
  • Discuss upcoming proposals on the forums: Secret Governance - Secret Network
  • Cast your votes on the open proposals: https://secretnodes.com/governance

Full Notes

76

Abstract

  • The SF 2022-Q2 Transparency Report and draft Budget should be posted on the forums today.
  • The v1.5 upgrade today will enable SNIP20 IBC transactions.
  • Enabling IBC on testnet and linking to other cosmos chains has been requested and the Testnet Committee will start working on it in the next weeks.
  • The API Proposal is independent of the solution that SCRT Labs has in the pipeline for Keplr. This proposal will allow Secret Saturn and Trivium to launch 20 new api nodes each and allow Secret LLC to maintain their nodes and load balancer.

Action Points

Full Notes

77

Abstract

  • The community seems really excited about Secret 2.0 and a bunch of thoughts have already been shared, but please don’t hesitate to join the conversation on the forums to make this into the best plan we can! This includes the aspects and details regarding oversight of the new funds.
  • The Secret Foundation 2022-Q3 Transparency Report is tentatively scheduled for presentation on Wednesday November 30th.
  • The Secret Agency is recruiting for the developer relations role, a post will be created on the Secret Jobs Board soon but in the meantime you can contact Ertemann for details.
  • Secret DNS is running a little behind schedule, but the delay is less than 1 week. They would like some more input from the community and will schedule a separate brainstorm session next week.

Action Points

Full Notes

78

Abstract

  • The governance calls will move to Monday’s at 16h00 UTC starting December 5th, this will immediately be a monthly call. This change will enable SCRT Labs to join the call more frequently.
  • The API proposal will be moving to the chain in the next few days, Consensus One and Chain of Secrets are added to the team that will each maintain a number of API nodes for use as a public good. Each cluster will have their own load balancer and there will be one global load balancer that ties in directly to each individual node.
  • It might be good to make people aware that sudden price changes can affect the votes of validators. They might still agree in principle with the proposal, but if the price increases 1.5 - 2x during the voting period they may want the proposal to be resubmitted with an adjusted ask to the current price.

Action Points

Full Notes

79

Abstract

  • Shockwave Omega is planned for December 13th and will include wasm3.
  • The API proposal team may be open to accept a few other providers that have reached out in the next period, assuming the proposal passes and proves to be a success. Further discussions need to be had first and team members are expected to make this API cluster a priority.
  • The SCRT X Shade DeFi campaign proposal will be followed by two very similar proposals from Blizzard and Sienna.
  • L1 dApp incentive proposals are currently aimed at dApps currently in development for the upcoming ‘Secret Surge’. It is aimed to be a one-off initiative but if proven successful it might be interesting to consider implementing similar long-term structures in Secret 2.0.

Action Points

Full Notes

80

Abstract

  • The Shockwave Omega upgrade is scheduled for December 13th, and will include wasm3 to improve the tps and gas efficiency.
  • The API nodes resulting from the API proposal will likely not come online before the Shockwave Omega upgrade.
  • It is likely that the proposals to the Community Pool will be judged more strictly by the community and validators due to the bear market. The gov calls are available as always to get an idea of the enthusiasm of the community and validators to your proposal.
  • Some feel that L1 incentive dApp applicants should launch their dApp on mainnet before submitting a proposal on-chain. A soft-launch may be enough for some people, but not everyone.
  • A proposal to update and extend the SNIP-1155 reference implementation will be placed on the forums in the next week, this proposal aims to update the reference implementation to cw1.0, implement modularization similar to cw plus, and integrate it into secretjs. Additionally, IBC integration could be included in the proposal if the community would like that.
  • This was the last Governance call on a Wednesday, starting next week we will move to Mondays at 16h00 UTC (Dec 5th, one hour later than now).

Action Points

Full Notes

81

Abstract

  • The Shockwave Omega upgrade is scheduled for December 13th, and will include wasm3 to improve the tps and gas efficiency as well as re-enable registration of nodes.
  • Sienna and Blizzard are expected to also put forward L1 incentive proposals in the near future. Blizzard will likely be last as they plan to incorporate the feedback received by Shade thus far.
  • StarShell is seeking to fund an audit by Certik through the community pool. The community appears to only support this because StarShell is infrastructure and widely considered to be an essential aspect of our future user experience. No secret contracts are involved in the planned audit.
  • The SNIP-1155 IBC Upgrade proposal amongst others aims to create custom messages which will allow dApps on other chains to interact with these contracts through IBC. These custom IBC messages are more important than transfers as these contracts are more likely to be integrated in dApps.
  • Secret University presented their platform that will soft launch this week at https://scrt.university/ aimed to improve onboarding of developers and dev experience.

Action Points

Full Notes