0x3aa00bb9…29e6sent to0xb3c415c2…a537·#18,383,330·view on Etherscan
# Kroma L1 Smart Contract Upgrades
## [Smart Contract Upgrades on Ethereum(L1)]
### 1. Timelock Period Decrease:
- Currently, the timelock period for Kroma's L1 smart contract upgrade is set at 30 days.
- We initially aimed for Stage 2 with the mainnet launch but have decided to prioritize Stage 1.
- Therefore, we are decreasing the timelock period from 30 days to 7 days for Stage 1, enabling faster upgrades and improvements.
### 2. Removal of Emergency Upgrade Contract:
- In the event of a critical issue requiring immediate action, we had implemented an emergency upgrade contract.
- With the timelock period reduced to 7 days, this emergency method is no longer necessary.
- Consequently, we are removing the emergency upgrade contract for a more streamlined process.
### 3. Validator Reward Scalar Adjustment:
- Initially, we set the Validator Reward Scalar to 1 to provide validators with the entire L2 fee.
- However, recent data shows that L2 fees account for over 80% of the total fee, contrary to our initial findings.
- To better distribute rewards, we are decreasing the Validator Reward Scalar to 0.5, with the remaining half directed to the ProtocolVault.
### 4. Next Validator Selection Logic Enhancement:
- We've made enhancements to our validator selection logic. For detailed information, please refer to the following GitHub PRs: [PR #206](https://github.com/kroma-network/kroma/pull/206) and [PR #209](https://github.com/kroma-network/kroma/pull/209).
### 5. Change in Multisig Wallet Management:
- Currently, the Security Council's multisig wallet is managed through a whitelist.
- We are transitioning to a more secure approach based on Soul Bound Tokens (SBTs) for wallet management.