> For the complete documentation index, see [llms.txt](https://technicalsteeringcommittee.docs.intersectmbo.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://technicalsteeringcommittee.docs.intersectmbo.org/meeting-minutes/2026-tsc-meeting-minutes/meeting-minutes-june-24-2026.md).
# Meeting Minutes June 24, 2026
## Attendees:
| Name | Attendance | Role | Voting Seat (Y/N) | Term |
| ------------------ | ---------- | --------------- | ----------------- | ------------ |
| Kevin Hammond | Yes | Chair | Y | October 2026 |
| Christian Taylor | Yes | Vice Chair | Y | October 2026 |
| Bosko Majdanac | No | Secretary | N | N/A |
| Tex McCutcheon | Yes | Alt - Secretary | N | N/A |
| Marcin Szamotulski | Yes | Member/Seat | Y | April 2028 |
| Alonzo Benavides | Yes | Member/Seat | Y | April 2028 |
| Neil Davies | Yes | Member/Seat | Y | April 2028 |
| Alexander Moser | Yes | Member/Seat | Y | April 2028 |
| 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
* Mike Hornan
\
Recording: [Technical Steering Committee - 2026/06/24 15:58 CEST - Recording](https://drive.google.com/file/d/12F4hddkXanUIhSDg-aVSH61-p97dcpta/view?usp=drive_link)
Transcript: [Technical Steering Committee - 2026/06/24 15:58 CEST - Transcript](https://docs.google.com/document/d/1BzoOc1LtWo4wt0DdMbcLi33xScLj6oIM6jCcVZp1RHk/edit?usp=drive_link)
Chat Transcript: [Technical Steering Committee - 2026/06/24 - Chat Transcript](https://drive.google.com/file/d/1n8i8jmmklrigo37BjoATKBUelHBA_x-5/view?usp=drive_link)
## Intros
**Christian Taylor:** Christian Taylor, TSC VC, Filecoin Foundation Governance, Founder / Open Source Cowboy, Advsior to Charli3, Andamio, Kai systems\
**Terence McCutcheon:** Terence 'Tex' McCutcheon - Open Source Program Manager, Intersect Staff, OSC Secretary, Committee Member Advocate\
**Ryan (Cerkoryn):** Ryan Wiley, TSC Voting Member, Cybersecurity profressional\
**Udai Solanki:** Udai Solanki , member TSC , AIQUANT Technologies\
**Marcin Szamotulski:** Marcin Szamotulski, member TSC, IOG
## Agenda 24th June 2026
* Action Items from Last Meeting
* Discussion of SecondFi Issue
* Hard Fork Status
* Parameter Committee
* Budget Process
* Intersect: Planning and Reporting
* Technical Gating Requirements for Linear Leios
* Testnet Purposes
* Meetings Next Week
* AOB
## Decisions/Actions
**Decisions**
* **Meeting Cadence:** Rejected an Intersect suggestion to cancel next week's regular meeting for a "focus week," choosing to maintain the standard weekly technical cadence.
* **Wallet Mitigation Strategy:** Endorsed the safety recommendation that affected users perform a single-transaction fund migration to a clean wallet architecture rather than merely restoring seed phrases.
* **Budget Strategy Transparency:** Approved the principle of dynamically adjusting and scaling back sub-category funding allocations to maintain structural alignment with lower ADA exchange rates.
**Actions**
* **Christian:** Coordinate with Kevin via Slack to lock in a recurring weekly 30-minute alignment sync.
* **Christian:** Complete the comparative study isolating high-value quantum readiness frameworks across Algorand, Arbitrum, and Stellar by the end of the week.
* **Ryan:** Deliver the draft community questionnaire regarding the $K=1000$ parameter modification to the Parameter Committee a week from tomorrow.
* **Kevin:** Compile an outline promotion plan for the on-chain TSC budget proposal, integrating it directly with Intersect's marketing channels.
* **Kevin & Christian:** Formulate a presentation and participate in an upcoming Cardano Over Coffee Twitter Space next week to promote the on-chain TSC budget proposal.
* **All Members:** Review the Q2/Q3 quarterly slide decks and submit final tactical modifications before the time-lock deadline tomorrow.
| Topic | Discussion | Notes |
| -------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------- |
| Welcome & Quorum | Kevin opened the meeting and confirmed that seven elected members were present, satisfying the voting quorum requirement. | Terence acted as secretary in place of Bosko, who is on leave. |
| Action Items Review | Terence reviewed actions from the last meeting. Christian's written summary of Hart’s post-quantum talk is complete. Ryan's K parameter draft questions are in progress. | Neil will draft his counter-arguments after reviewing Ryan's draft. |
| SecondFY Wallet Security | The committee discussed a recent wallet exploit involving misdirected funds. An ongoing white-hat operation is recovering funds. Users were advised to restore seed phrases in external apps and migrate immediately to a new wallet. | Further technical details and attack vectors were moved to an in-camera session to protect user security. |
| Security Council Action | Kevin proposed bringing the SecondFY wallet issue to the Security Council. While the wallet is external to Intersect, it presents a reputational and practical risk to the broader Cardano ecosystem. | Mike confirmed that the security backlog currently stands at roughly 38 reports from the past two weeks. |
| Hard Fork Readiness | Ryan gave an update on the protocol version 11 hard fork. Node adoption is trending positively. Liquid exchange readiness is at 50.2% (climbing to 65% once Binance finishes upgrading). | The Ogmios team deployed updated official versions of Ogmios and Koopo over the weekend, resolving fork dependencies. |
| Hard Fork Voting Status | Hard fork execution requires 60% DRep approval and 51% active SPO votes (excluding auto-abstain). Current metrics show 40% DRep support and roughly 15% true SPO support. | Tooling discrepancies were noted: AdaStat and Cardano Scan track the metrics correctly, while CGV does not. |
| Parameter Committee | No formal Parameter Committee has met since last week. The upcoming meeting will prioritize the K=1000 expansion debate using the split pros/cons document being drafted by Ryan and Neil. | The live Plutus cost model parameter update is scheduled for mainnet enactment tomorrow. |
| CC Size Reduction Vote | The governance action to reduce the Constitutional Committee (CC) minimum size from 7 to 5 is live with 41% DRep support. It needs a 75% threshold to pass before its July 8th deadline. | Tooling errors were flagged again, as AdaStat is incorrectly displaying the support level as 67%. |
| TSC Budget On-Chain | The TSC budget proposal successfully passed the Ecclesia phase and was officially submitted on-chain yesterday evening. | The committee must now pivot toward on-chain voting promotion. |
| Q2/Q3 Intersect Reporting | Christian and Kevin presented the draft quarterly reports. Key Q2 milestones include the hard fork execution, Security Council reviews, and budget completions. Q3 focuses on post-quantum and Leios planning. | The deadline for feedback on the presentation slides is tomorrow, with finalization on Friday. |
| Bug Bounty AI Volume | Mike and Terence reported a massive surge in bug bounty submissions (10–15 reports in the last two days alone), primarily driven by AI-generated reports. | Most submissions focus on minor repository maintenance and documentation issues rather than severe structural bugs. |
| Linear Leios Gating | Kevin confirmed that Neil's technical mind map detailing linear Leios requirements was sent to the vendor's product manager and officially acknowledged. | Kevin is drafting secondary gating criteria involving constitutional updates and guardrail analyses. |
| Testnet Node Policies | The committee previewed a draft policy by Ryan Williams concerning whether testnets (Pre-Prod/Preview) should remain locked to production-ready nodes or opened to experimental builds. | Alexander argued that testnets should be open to experimental testing to catch edge-case indexing bugs early. |
| Budget Adjustment Strategy | Due to the drop in ADA price compared to original proposal projections, Kevin suggested scaling back activities dynamically or transferring unspent funds between categories. | The committee agreed that any shifting of funds must be communicated transparently to the community. |
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