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

Transcript: Technical Steering Committee - 2026/02/11 - Transcript

Chat Transcript: Technical Steering Committee - 2026/02/11 - Chat Transcript

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).