Hard Fork to Protocol Version 10 ("Plomin" Hard Fork)
710 SPOs voted · 4 with a rationale · 3 changed their vote · 1 re-voted unchanged
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We are voting YES on the upcoming Plomin hard fork, which is a crucial moment in Cardano's history. This hard fork is likely the only one that requires just SPOs and the Constitutional Committee to vote (in the future, dReps will also need to participate in the decision). We believe it is our responsibility to monitor and comment on the overall state of the ecosystem as part of our voting rationale and deliberation.
While we have significant concerns about the percentage of total ADA delegated to dReps — only 7.5% compared to 58% delegated to stake pools — as well as the overall distribution of said dRep delegation, we believe the Plomin hard fork is necessary to improve the Cardano ecosystem. We discussed delaying the hard fork due to these concerns, but we think that for Cardano to make meaningful progress, control must be in the hands of all ADA holders, not just the Interim Constitutional Committee.
There will be many discussions about the budget and the constitution, and not everyone will be happy with the outcomes. Waiting until everyone agrees would be counterproductive. On the technical side, more than 80% of pools by ADA staked upgraded to the highly recommended 10.1.4 node version in less than two weeks, which is impressive. This includes several centralized exchanges that also showed their readiness by voting on the hard fork.
Overall, the ecosystem is as ready as it can be. Best of success, Cardano.
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