Meeting Minutes February 04, 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	Yes	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	No	Member/Seat	Y	October 2026
Leandros Holleman	Yes	Member/Seat	Y	October 2026
Seungheon Oh	No	Member/Seat	Y	October 2026

Community/Other Attendees

• Christian Taylor

• Mike Hornan

• Robert Hever

• Vinay Devabhakthuni

• Vinit Inamke

Recording: Technical Steering Committee - 2026/02/04 - Recording

Transcript: Technical Steering Committee - 2026/02/04 - Transcript

Chat Transcript: Technical Steering Committee - 2026/02/04 - Chat Transcript

Intros

Christian: Christian taylor, anything Open source, intersect Nicolas: Nicolas Biri, TSC voting member, IOG Ryan (Cerkoryn): Ryan Wiley, TSC voting member, Cybersecurity professional Kevin: Kevin Hammond, TSC Chair, Ensurable Systems

Agenda 02.04.26

• Actions from the last meeting

• Charli3 Incubation - Robert

• Plutus mem limits parameter update

• TSC Operational Budget '26

• Review - Cardano Constitution v2.4

• Chain Incident Report Publication

• Draft Fire Drill Report #2

• Cardano Node Update

  • 10.5 Status

  • 10.6 Status

  • 10.7 Status

  • HF: Feature work continues

• 2030 Vision KPI's

• TSC Objectives 2026

• IOR Annual Report Review

• AOB

  • Intersect Committee Term Extension to 2 years

  • Upcoming Committee Elections Prep

Actions from the last meeting

• Ryan: Write a paragraph summarizing the “Stake Pool Math” (including pool counts and redistribution figures) for the minutes.

Math for how many pools could be affected by changing stakePoolTargetNum from 500 to 1000. This is OFC modeling as if no new pools would be created, but AFAIK there is no way whatsoever to estimate that.

Scenario	Pools	Oversat ADA	Share/Pool	Crossed 3M
All recipients	2945	5.45B	1.85M	201
<3M recipients	2229	5.45B	2.44M	345
Active only, all recipients	1366	5.45B	3.99M	653
Active only, <3M recipients	653	5.45B	8.34M	653

Decisions/Actions

Decisions

• Charlie 3 Incubation: The TSC formally moved to proceed with the incubation of Charlie 3 under Intersect, pending review of supplemental materials.

• Budget Draft: The TSC agreed to remove "Town Halls" from the funding request and proceed with socialization of the draft (minus milestone rate disputes).

• Communication: Agreed to utilize the TSC Twitter account to promote the SPO round table recording and the Plutus memory limit vote.

Actions

• Alexander: Follow up with Miquel (Exchange integrations) to encourage exchange pools to vote on governance actions.

• Kevin: Discuss the Plutus memory limit vote with Emurgo and promote it during the monthly SPO call.

• Bosko: Schedule a meeting with the Intersect delivery team (Matt) to discuss budget overheads and milestone review rates.

• Leandros: Create a draft of realistic KPI targets (conservative/optimistic/stretch) for 2026–2030.

• Kevin & Neil: Complete a detailed technical audit of Constitution v2.4, specifically regarding guardrail label uniqueness.

• Leandros & Bosko: Reach out to the Product Committee to advise that KPI technical reviews are underway and suggest pausing on-chain actions.

Topic	Discussion	Notes
Welcome & Quorum	Kevin opened the meeting, confirming that 7 voting members were present, establishing a quorum.	Robert (Charlie 3) attended as a guest.
SPO Round Table Update	Alexander reported on the SPO round table held recently. It featured views from DApp developers and infrastructure providers.	The recording is available; the TSC will promote it via Twitter.
Staking Pool (K) Analysis	Ryan presented simulations on changing the staking pool target (K) from 500 to 1,000.	Results showed 653 non-viable active pools could become viable under various redistribution scenarios.
Incentive Simulation Timeline	Nicolas chatted with Carlos; simulation results for incentive changes are expected by mid-March.	This timeline precedes the planned parameter change votes.
Project Incubation: Charlie 3	Robert proposed Charlie 3 (a decentralized Oracle network) for Intersect incubation. He aims to open-source core repos and shift to USDM for stability.	The TSC has no technical objections; the Open Source Committee will handle execution.
Plutus Memory Limits Campaign	Alexander updated on the social media campaign to encourage voting on memory limit increases.	Voting expires Feb 13. Current support is ~31% for DREPs and ~20% for SPOs.
SPO Outreach	The committee discussed low SPO turnout for the current governance action.	Alexander and Kevin will engage exchange pools and promote the vote at the monthly SPO call.
TSC 2026 Operational Budget	Kevin presented the draft budget, which currently exceeds 1M ADA. New guidelines require administrative costs and specific travel ROI.	A draft must be finalized by the end of February.
Travel & ROI	Terence clarified that travel funds aren't "slush funds" but must be tied to specific events like hackathons or summits.	Funding is prioritized for members without vendor backing.
Milestone Technical Reviews	Nicolas expressed strong concerns regarding the $200 rate for milestone reviews, arguing it is too low for professional-grade audits.	Kevin and Bosko will meet with the delivery team to discuss realistic rates and cohorts.
Constitution v2.4 Review	Kevin and Neil reviewed terminology changes. Concerns were raised about the removal of semantic bolding and the reuse of guardrail labels.	There is a risk that label reuse could break tooling or cause internal inconsistencies.
Budget Safeguards	Kevin noted that "Info Actions" for budget proposals were removed in v2.4, potentially weakening treasury oversight.	Kevin will verify if clauses requiring "Cardano-specific benefit" were also removed.
2030 KPIs & Throughput	Sebastian noted that the 3x throughput target may be insufficient to support the 27M monthly transaction adoption goal.	Leandros will compile realistic conservative and stretch targets for the next meeting.
Product Committee Coordination	The committee discussed preventing premature "Info Actions" on-chain regarding KPIs before technical vetting is complete.	Leandros and Bosko will coordinate with the Product Committee to align on timing.