# Meeting Minutes February 11, 2026 ## Attendees: | Name | Attendance | Role | Voting Seat (Y/N) | Term | | ----------------- | ---------- | --------------- | ----------------- | ------------ | | Kevin Hammond | Yes | Chair | Y | October 2026 | | TBC | No | Vice Chair | Y | October 2025 | | Bosko Majdanac | Yes | Secretary | N | N/A | | Tex McCutcheon | Yes | Alt - Secretary | N | N/A | | Nicolas Biri | No | Member/Seat | Y | April 2026 | | Duncan Coutts | Yes | Member/Seat | Y | April 2026 | | Sebastian Nagel | Yes | Member/Seat | Y | April 2026 | | Neil Davies | Yes | Member/Seat | Y | April 2026 | | Alexander Moser | Yes | Member/Seat | Y | April 2026 | | Ryan Wiley | Yes | Member/Seat | Y | October 2026 | | Udai Solanki | Yes | Member/Seat | Y | October 2026 | | Leandros Holleman | Yes | Member/Seat | Y | October 2026 | | Seungheon Oh | No | Member/Seat | Y | October 2026 | Community/Other Attendees * Ryan Williams Recording: [Technical Steering Committee - 2026/02/11 - Recording](https://drive.google.com/file/d/1RloLc_6bDRHgaPTVPpcqJE-1B-Qy-RES/view?usp=sharing) Transcript: [Technical Steering Committee - 2026/02/11 - Transcript](https://docs.google.com/document/d/1QonLeEUznCh14x32GQ5-QTcoPcaxaNeiBpKM42i1hzQ/edit?usp=sharing) Chat Transcript: [Technical Steering Committee - 2026/02/11 - Chat Transcript](https://drive.google.com/file/d/17eA6W223woL_rgVzEU8FOocOYMkhknoD/view?usp=sharing) ## Intros Kevin: Kevin Hammond, TSC Chair, Ensurable Systems\ Bosko: Senior Project Manager, Intersect Staff, TSC Secretary\ Tex: Open Source Program Manager, Intersect Staff, OSC Secretary, Committee Liaison ## Agenda 11.05.25 * Actions from the last meeting * Update on Plutus Mem Unit Limits * Update on TSC Operational Budget * Review of Constitution v2.4 * Hard Fork WG * NCL as a Governance Action * 2030 Vision KPI's * Committee Elections * Charli3 Incubation * TSC 2026 Objectives * IOR Annual Report Review * AOB ## Decisions/Actions **Decisions** * Budget Sharing: Unanimously agreed to share the TSC operational budget draft with the Intersect delivery team and Steering Committee for socialization. * Governance Priority: Agreed that passing the current memory unit limit update is the immediate priority to preserve the technical timeline. **Actions** * Alexander & TSC X Account: Promote the "auto-abstain" mechanism for SPOs to reduce governance friction for non-participating pools. * Leandros: Share the comprehensive KPI targets document and quarterly breakdown with the committee for async review. * Neil: Perform a peer review of Kevin’s technical audit of Constitution v2.4 within the next 48 hours. * Ryan (W): Refine the "CIP Short-listing" name and process to present as a standing function of the Hard Fork Working Group. * Bosko: Finalize the three TSC-specific election questions on Slack to meet the upcoming Friday deadline. * Kevin & Neil: Attend the Product Committee meeting next week to present technical concerns regarding proposed 2030 KPIs.
| Topic | Discussion | Notes | | ---------------------------- | ---------------------------------------------------------------------------------------------------------------------------------------- | ---------------------------------------------------------------------------------------------------------------------------- | | Constitutional Blindsight | Kevin and Neil discussed how the TSC and Civics Committee were "blindsided" by constitutional changes proposed on-chain in December. | The Civics Committee was apparently unaware of these specific community-driven changes. | | Parameter Update Status | Alexander updated the group on the Plutus memory unit limit vote. Support is currently near the threshold for DREPs and SPOs. | The action expires on February 13th; several large pools (e.g., Figment, Nordic) have not yet voted. | | SPO Governance Options | Ryan (W) noted a poorly documented "auto-abstain" option for SPOs who do not wish to participate in active governance. | An action was created to better communicate this specific mechanism to the SPO community. | | KPI Draft Presentation | Leandros presented initial KPI targets including protocol revenue (15% improvement target), Plutus script usage, chain density, and TVL. | The "stretch" target for TVL is $9 billion; the "conservative" target is $390 million. | | Competing Governance Actions | The committee discussed a proposal by Yuta to reduce the committee minimum size, which competes with the memory unit limit update. | Only one of these mutually exclusive parameter changes can pass in the current governance cycle. | | Operational Budget Update | Kevin and Bosko met with the Intersect delivery team to discuss technical review rates and administrative support costs. | The group reached a unanimous decision to share the budget proposal with the Intersect Steering Committee. | | Community Reward Logistics | Discussion around rewarding community members (e.g., Hard Fork Working Group) for technical contributions. | Intersect noted potential KYC hurdles for individual payments; outsourcing this function is being considered. | | Constitution v2.4 Audit | Kevin highlighted technical inconsistencies in v2.4, specifically the reuse of guardrail labels which breaks tool automation. | Neil volunteered to double-check Kevin's technical review before it is shared with the Civics Committee. | | Metadata Immutability | Concern was raised over the new requirement for immutable metadata and how it treats mutable URLs used for evidence. | The "transitive closure" of immutability remains undefined and technically ambiguous. | | Hard Fork Readiness | Ryan (C) reported that Node v10.7 is the hard fork candidate. Plutus cost models exist but are not yet finalized for Mainnet. | Testing is currently being performed on the SanchoNet test environment. | | CIP Short-listing Process | Ryan (W) is developing a transparent process for ranking and scheduling CIPs for the upcoming Dextra hard fork. | This aims to move away from purely vendor-driven feature selection to a community-prioritized model. | | Automated Net Change Limit | Ryan (C) is rewriting the Net Change Limit CIP to move enforcement directly into the ledger as an adjustable parameter. | This automation would prevent treasury withdrawals that exceed a percentage of previous revenue without manual intervention. | | April 2026 Elections | Bosko confirmed that the TSC must finalize election questions and the number of open seats by next Friday. | The group estimates six seats will be open (five standard plus one currently empty seat). |