Council Members Present:
- Demian Brener
- Hart Lambur
- Jeremy Sklaroff
- Jonathan Alexander
- Juan Garre
- Mat Travizano
The Council meeting opened at approximately 8:00 pm (UTC) on April 25, 2023. It was noted that proper notice had been provided to the Council in accordance with the Bylaws. Six of the Council Members were in attendance and the meeting had a quorum. The Council consented to the appointment of certain third-party notetakers and attendees.
Forta Network Fees
The Council opened the meeting by reviewing the discussions and feedback that was received through the Forta community forum over the past several months regarding the potential implementation of fees in the Network. The Council noted that the community has been engaged and made it clear that fee implementation was desired, especially in regards to fees for accessing the threat intelligence data produced by the network.
The Council turned its attention to the revised fee framework that incorporated the community’s feedback that the Council had commissioned at the previous meeting. A consultant to the Foundation highlighted the types of fees that were considered during the evolution of the framework, and noted that there was consensus that the implementation of fees for access to network data should be included in any proposal. It was noted that bot execution fees had been expressed as potentially important in the future, but that was less certain.
A Council member asked a question regarding the pricing structure for the data fees and it was explained that the framework had suggested multiple fee tiers, including one tier that provided access to most standard Forta bots, and additional tiers with curated threat intelligence data from specialized Forta bots. The Council also discussed other fee structures that could be explored in the future in order to incentivize and reward other Network participants. The Council agreed that if the current fee framework was put forward as a proposal for community vote, it should not limit the possibility of other fee structures being added to the network in the future.
The Council reviewed the technical aspects of the framework and how the fee structure would be implemented using the Unlock smart contracts if approved by the Forta community. The Council agreed that the technical architecture of the fee framework should allow the implementation of fees to remain flexible and adaptive to any decisions made by the community in the future. The Council agreed that should the community approve the framework, the Foundation should fund the associated development work, including updates to the Forta App which allow easy interaction with the underlying network. It was noted that Unlock also offered certain features that could also help user experience for fee payment, but that would remain at the discretion of users.
Following the meeting, a final version of the fee framework was presented to the Council async, and a Council member submitted a proposal to have the framework posted to the forum as FP-5 and then put to FORT token holders to vote in accordance with the Forta Proposal Process on whether to implement the proposed fee framework between May 9 to May 12, 2023.
The proposal to publish the fee framework and put it to a vote of FORT token holders pursuant to the FPP as FP-5 was passed by the Council following approval of more than half of the active Council members in accordance with the Bylaws.