Create Meeting 0079.md

Author: luckyparadise

Core Dev Meetings/Meeting 0079.md

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+# Core Dev Meeting #79
+
+**Meeting Date & Time:** Thursday 13, March 2025 16:00 UTC
+
+**Meeting Recording:** See README
+# FIP-100 Finalization & Review Process
+
+## Overview
+- **FIP-100 Objective:**  
+  - Removes **batch balancer** and introduces a **new onboarding fee model**.
+  - Aims to make onboarding **more predictable** and **reduce gas cost volatility**.
+
+- **Current Status & Adjustments:**
+  - Last-minute concerns arose regarding **equity, cost burden, and long-term impact**.
+  - **Compromise Adjustments Proposed:**
+    - **25% reduction** in onboarding fee to address cost concerns.
+    - **3-month exemption window** for existing sectors to allow Sps time to adjust.
+    - Establishment of a **Review Committee** to monitor impact and recommend updates.
+
+## Key Discussion Points
+### 1. **Governance & Stakeholder Concerns**
+   - **Late-stage pushback** occurred after cost estimates were published.
+   - Concerns primarily centered around **fair cost distribution** and potential **double payment** issues.
+   - **Efforts to regain consensus** included direct engagement with critics and revisions to the FIP.
+
+### 2. **Proposed Review Mechanism**
+   - **Quarterly Review Committee** to assess the real-world impact.
+   - Independent monitoring and **potential funding** to commission external analysis.
+   - **Core Devs will receive committee recommendations** for potential adjustments.
+   - **Explicit option to revert or modify FIP-100** if it does not perform as expected.
+
+### 3. **Key Metrics to Monitor**
+   - **Batching & aggregation efficiency:** Ensure onboarding always benefits from batching.
+   - **Chain utilization vs. onboarding rate:** Lower chain utilization should indicate higher efficiency.
+   - **Observed onboarding costs vs. gas fees:** Compare new fee model with historical gas-based costs.
+   - **Storage Provider (SP) profitability impact:** Track ROI changes under new conditions.
+   - **New SP participation:** Assess whether onboarding remains attractive to new entrants.
+
+### 4. **Community & SP Involvement**
+   - Major critics have indicated **willingness to participate in the review process**.
+   - A committee will be formed, including **Core Dev members and key SP representatives**.
+   - Ongoing discussions to refine **counterfactual analysis** for comparing FIP-100 effects.
+
+## Next Steps
+- **Code freeze for NV25 begins tomorrow**, including the revised FIP-100.
+- **Final documentation updates** in progress to reflect new compromise parameters.
+- **Review Committee recruitment** to begin, with an open call for participants.
+- **Monitoring dashboards & reporting structures** to be developed for ongoing assessment.
+
+## Call to Action
+- **Core Devs & Community Members:**  
+  - Review the final FIP-100 updates and confirm alignment.  
+  - Join the **Review Committee** to ensure diverse perspectives are included.  
+  - Monitor **real-world network performance** post-implementation and provide feedback.
+
+- **Governance Team:**  
+  - Oversee the **formalization of the Review Committee** and research funding allocation.  
+  - Ensure **transparency in data collection** and stakeholder engagement.
+
+- **Storage Providers & Implementers:**  
+  - Participate in **tracking onboarding cost changes** and provide insights.  
+  - Work with Core Devs to **identify early signals of potential issues**.
+
+### **Consensus Reached – FIP-100 Moves Forward**
+- The **updated FIP-100 proposal** now has **broad support** after revisions.
+- The **review structure ensures adaptability** and allows for data-driven decisions.
+- **Next check-in:** Review Committee formation and NV25 deployment readiness.