[KGP-8] Operation of Klaytn Core Cell by the Klaytn Foundation for the Stability of Cypress

After the Kore hard fork, most of the governance parameters of Cypress (Klaytn Mainnet) shall be changed through on-chain voting on the Klaytn Square. On the other hand, in order to maintain Cypress stable, adding and removing validators should be performed in a timely manner. In particular, this task should be performed when a CN needs maintenance or recovery from any unexpected failures. Until now, the CN of Ground X has been used to serve the task on behalf of KF.

Due to the renewed relationship among KF, Ground X, and Krust Universe (Klaytn Foundation Unveils New Initiative for Ecosystem Sustainability and Transparency | Medium), KF should run an independent node to perform the responsibilities above properly and in a timely manner.

Against the background, KF proposes the Klaytn Governance Council (GC) to approve KF to run a Core Cell (CC) on Cypress.

  1. What to propose?
  • Approve KF to run a CC to fulfill the responsibility of the network main operator including the task of adding and removing a validator according to the prior agreement of GC.
  • Pre-share that the minimum staking amount for KF’s CC, 5 million KLAY, will be included as part of the upcoming Q2 2023 budget proposal.
  1. What about block reward?
  • Since this node will stake 5 million KLAY, KF’s node will receive block proposer reward. This block proposer reward will cover the operation cost of CC, and any remaining balance will be burned. The details of the cost will be shared with the GC and the community.
  1. What about voting power?
  • KF will automatically have 1 voting power when it operates a CC with a minimum staking amount. However, KF will always vote for abstain to maintain the role as a mediator.
  1. Voting schedule:
  • Voting starts at 9:00:00 on 21 April 2023 (KST)
  • Voting is closed at 23:59:59 on 28 April 2023 (KST)

KGP-8 제안에 대해 궁금한 부분이 있어 질문 남깁니다.

  1. Ground X에서 담당하던 역할을 KF에게 옮겨오는 제안이라면 향후 Ground X는 GC에서 제외 되는 방향일까요? 만약 Ground X 또한 GC로 계속 유지된다면 Ground X가 GC로써 가지는 주요 기여방안은 앞으로 어떻게 되는 것일지 궁금합니다.

  2. 기존에 통과된 KGP-4 무허가 네트워크 변경 건이 반영되는 경우, GC 추가/삭제는 온체인 GC Voting을 통해 자동 반영되는 것으로 알고있었습니다. KF가 GC 추가/삭제 액션을 직접 수행하지 않아도 된다면 향후 KF의 CC 역할이 어떤 방향으로 가게 될지 추가적인 활용 계획이 있을지 궁금합니다.

@GenieKim_NEOPIN

  1. Ground X will not leave the Klaytn Governance Council. The role of Ground X in the Klaytn Ecosystem will remain as it is. The change will be only in the function of the node of Ground X.
  2. As we shared through KGP-7, GC members will be selected and removed through the voting of the Klaytn community when the Klaytn Square is able to support it. We plan to distinguish between validators and governace council members, and validators will be able to join the Klaytn network without any permission from anyone under the permissionless structure. Of course, governance council might be selected through another mechanism.

KGP-8 was approved with the participation of 17 GC Members unanimously.

  • Voted: Hashkey, Wemade, Metabora, Maekyung Media Group, Presto Labs (AQX), FSN, Kakao Corp., ABC, Swapscanner, 1inch, Quantstamp, Jump-Everstake, Netmarble, SKNetworks, NFTBank, POST VOYAGER, NEOPIN
  • Absented: Hashed-Ozys, Netmarble, Kakao Pay, Sygnum, Krosslab, Kracker Labs, Korea Economic Daily, Thrust, Kakao Entertainment, gumi, EBC-Hanwha Systems, Ground X, Binance, VNG/Verichains
  • New GC members will join the voting after their node is operationalized on the Cypress.