Minutes of the Forta Governance Council (07/25/2023)

Council Members Present:

  • Hart Lambur
  • Jeremy Sklaroff
  • Jonathan Alexander
  • Juan Garre
  • Tomasz Stańczak


The Council meeting opened at approximately 8:00 pm (UTC) on July 25, 2023. It was noted that proper notice had been provided to the Council in accordance with the Bylaws. Five 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.

FP-6 and Data Fee Implementation

The Council meeting opened with an update on the FP-6 proposal, which was passed by the community on July 12, 2023 with over 2 million FORT votes to approve. It was noted that the majority of approval votes were for the option of a General Plan price of 250 FORT per month. Discussion ensued regarding the timeline for the implementation of data fees in the Forta Network and related updates to the Forta app, docs and website hosted by the Forta Foundation. It was noted that such fees were expected to go live on the network on August 8, 2023 and that as per FP-6, the Council would be able to implement such fee architecture via the council multisig. Following discussion, FP-6 was ratified by the council.

Free Trials

A Forta Foundation staff member explained a program that could offer free trials to new Forta users after the implementation of data fees. A Council member expressed strong support for the program. The Council discussed different ways the program could be implemented and that the Foundation should incorporate learnings from the fee launch to ensure the program was accessible for users. The Foundation staff members explained that they would incorporate the feedback into the trial program.

Premium Feed Proposals

A consultant to the Foundation reviewed the requirements for Premium Plans that was approved by the community in FP-6. They explained that the Council could review if the two Premium Plan proposals submitted to the Forta Forum so far included the requirements set out in FP-6. A Council member suggested that the respective Premium Plan proposals could be reviewed and if thought appropriate, approved on an async basis. A council member recused themself from voting on one Premium Plan proposal due to a conflict of interest in accordance with the Bylaws.

FORT Rewards

A consultant to the Foundation presented data on current FORT rewards in the Network. A council member asked a question regarding FORT rewards distribution and efficiency and discussion ensued regarding incentives for various participants in the network. A Council member shared thoughts on the efficiency of incentives in other comparable networks. Following discussion, the Council agreed that they would review an updated presentation on FORT rewards in a subsequent meeting.

Multisig Signing

A council member discussed the Council’s process for signing multisig transactions and best practices for reviewing such transactions, including certain technologies that can assist with review. Discussion ensued regarding best signing practices and the Council agreed that a change management template to be used for the process of signing transactions could be formalized, including adoption by technical teams contributing to the protocol. A Foundation staff member volunteered to socialize the development of such a template that could be proposed to the Council in the future.

The Council meeting concluded.

Following the meeting, the two Premium Feed proposals submitted to the Forta Forum at Premium Feed Proposals - Forta Network prior to the meeting and the third Premium Feed proposal submitted following the meeting were passed by Council following approval of more than half of the active Council members in accordance with the Bylaws.