Council Members Present:
- Demian Brener
- Jonathan Alexander
- Juan Garre
- Jeremy Sklaroff
- Mat Travizano
Opening
The Council meeting opened at approximately 2:00 pm (UTC) on April 25, 2025. It was noted that proper notice had been provided to the Council in accordance with the Bylaws. Five of the seven Council Members were in attendance and the meeting had a quorum. The Council consented to the appointment of certain third-party notetakers and attendees.
It was noted that certain Council discussions would be sufficiently sensitive that they should be excluded from meeting notes according to the Bylaws, in particular certain topics protected by non-disclosure agreements. These minutes have excluded certain sensitive details concerning such subject matter.
FP-8 Update
It was noted that the FP-8 proposal had been approved by FORT token holders on February 12, 2025 and that in accordance with such proposal, the Council had approved the deployment of a new implementation contract for the FORT token, which removed both the MINTER_ROLE and the mint() function.
Forta Firewall Update
It was noted that the Forta Network continued to operate in a healthy state and that there were no material updates. The Council turned their attention to a presentation regarding Forta Firewall and the ongoing integrations with new users, which focused on security and compliance transaction screening solutions. The Council reviewed a case study conducted with a certain Firewall user. The Council reviewed the screening modules currently available for Firewall users. Discussion ensued and it was concluded that transaction screening had many valuable use cases that could be prioritized based on user feedback.
Financial Update
A presentation regarding the operational expenses of the Foundation and its funding efforts in the Forta community was provided to the Council. The Council reviewed staffing updates at the Foundation and engagements with various third-party consultants. Following discussion,the Council concluded that the Foundation remained in a healthy position to continue to carry out its mission. There being no further matters to discuss, the meeting was adjourned.
Commercial Agreement
An async proposal was presented to the Council following discussion in the meeting regarding the Foundation entering into an agreement that would help ensure that Forta Network participants are able to acquire FORT in order to participate in the ecosystem. It was noted that obtaining FORT continued to be imperative for the security of the network and in order to pay fees for certain activities in the network.
The proposal for the Foundation to enter into the agreement was passed by the Council following the approval of more than half of the active Council members in accordance with the Bylaws.