Minutes of the Forta Governance Council (04/12/2024)

Further to discussions in past Council Meetings, a Council member made an async proposal to reduce FORT rewards for node pools in the Forta Network to 50,000 FORT per week, with the reduction to occur in a step function over the course of five weeks beginning on April 29, 2024:

The Council reviewed the rewards formula in place for node operators that currently distributes 100,000 FORT per week. It was noted that , with the deployment of generic bots, developers will bring their own RPC and handle the costs, which should lead to a significant decrease in operation costs for node operators. As a result, it was proposed that FORT rewards should therefore be reduced to 50,000 per week.

The proposal to reduce weekly FORT rewards was passed by the Council following the async approval of more than half of the active Council members in accordance with the Bylaws.

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