September 16, 2019
As shared with our community last week, the Algorand Foundation recently received Economic Improvement Proposals (EIP), the details of which can be viewed here. Today marks the end of the 7 day review and feedback period (as referenced in the guidelines).
First, we want to thank both Algo Capital and Polybius Capital for submitting their proposals and starting an important discussion amongst the group of relay node runners.
Over the course of the week, we have received feedback and alternative measures from the interested community. We received explicit support for EIP-09092019PC (Polybius Capital) from some relay node runners with the goal to allow more time to develop a more comprehensive solution and provide empirical evidence to inform additional mechanisms. We also received further confirmation of support for EIP-09032019AC (Algo Capital). Some relay node runners support both proposals. Four relay nodes explicitly disagree with both proposals.
Many node runners, including supporters of the two EIPs, suggested alternative or additional measures to be evaluated and included in the final EIP to ensure robustness. Specifically:
Taking into careful consideration of the support level of both EIPs and the feedback, the EAC recommend the following actions::
Detailed voting principles and mechanics will be communicated in a separate note.
We appreciate your support of our long term vision and look to work with you collectively address the challenges we face.