In the beginning of the call, some updates were shared. The Cello blockchain version 1.2.4 was released publicly, and participants were encouraged to join and use this version. The event link for the release was provided for easy access.
The first agenda item was about CIP32, which focused on state verification node incentives. Cody introduced the topic and shared some context. The discussion revolved around the challenge of guaranteeing a 100% success rate for authentication service operators due to factors beyond their control. Two proposals were presented by Victor and Ziad, namely the dynamic target proposal and the shared pool proposal. These proposals aimed to address the issue and provide incentives for validators based on their performance.
The proposals were further discussed, highlighting their potential impact on return on investment (ROI) for validators. Different scenarios were considered, taking into account the cost of attestations. It was concluded that attacking the system would not be profitable under these proposals. The ongoing discussion was encouraged, and participants were invited to share their thoughts and opinions on the two models.
Since the proposals were competing with each other, it was suggested to have separate CIPs for each proposal. This would make it easier to reference and evaluate them individually. The need for clarity and a straightforward process was emphasized. Participants were encouraged to champion the proposal they supported, and it was agreed to evaluate both proposals before making a final decision.
Volpe took the floor to discuss the implementation of CIP33, which focused on Sello Euro. The proposal aimed to activate the stability mechanism for Sello Euro and introduced specific parameters and processes. The discussion covered various aspects such as enabling addresses, freezing and unfreezing contracts, and the role of oracles and reserves. The implementation details and support from exchanges, particularly CoinBase, were also mentioned.
The timeline for executing the proposals was discussed, considering the deployment of core contracts and the required tooling support. It was agreed to execute CIPs 23 and 25 first, followed by the remaining proposals. The importance of community approval and the need for proper documentation and communication were highlighted.
During the discussion, the issue of accidentally sending ERC20 tokens to the wrong addresses was raised. While some proposed renaming the addresses, it was suggested that improving documentation and clarifying the process would be a more effective solution. The topic of exchanges supporting Sello Euro was also addressed, and it was mentioned that currently, only CoinBase had announced its support. The idea of implementing a naming convention at the address level was proposed for future consideration.
To conclude the call, participants were reminded of the upcoming governance proposals on the forum and encouraged to participate. The core community happy hour was also announced as an opportunity for further discussions. The need for documentation updates and clear communication was emphasized, and action items were assigned to address these concerns.