Today's Mainnet settings update

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Justin

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Jun 25, 2024, 1:28:32 PM (9 days ago) Jun 25
to Stellar Developers

Hey, everyone!


Today at 1700 UTC, validators voted to update Mainnet settings to bring down rent fees, and make them fluctuate less over time.


You can see the changes detailed here: https://stellar.expert/explorer/public/protocol-history


A quick summary of what they include: 

  • Write fees now fluctuate between 11k-12k stroops  (vs the previous 10k-40k stroops)

  • Rent costs decreased 1.5x

  • The per-transaction read bytes increased to 200 KB


For more info about the governance process for updating Soroban settings, see: https://developers.stellar.org/network/core-node/admin-guide/soroban-settings


These are the same settings that were applied to Testnet a few weeks ago.  Nice!


If you have any questions, feel free to ask!


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