Create meeting notes for sig-economics #21

Signed-off-by: George Appiah <[email protected]>

sig-economics/meetings/021-2024-11-06.md

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+# Akash Network - Economics Special Interest Group (SIG) - Meeting #21
+
+## Agenda
+- Updates on PIP 02 (Provider Incentives Program)
+- Community provider participation and guidelines
+- General updates and open floor discussion
+
+## Meeting Details
+- Date: Wednesday, November 06, 2024
+- Time: 10:00 AM PT (Pacific Time)
+- (Coming Soon)
+- [Transcript](#transcript)
+
+## Participants
+- Scott Hewitson
+- Cheng Wang
+- Rodri R
+- James
+
+
+## Meeting Notes
+
+### Updates
+- **PIP 02 Overview**:
+  - [Passed on-chain](https://www.mintscan.io/akash/proposals/273) and through the steering committee, with a significant allocation of AKT aimed at bringing more supply to the network.
+  - It is the largest community spend proposal to date.
+
+- **Community Provider Amendment**:
+  - Amendment added to PIP 02 based on community feedback.
+  - **Allocation**: $1 million (10% of total PIP 02 funds) reserved for community providers.
+  - **Eligibility Criteria**:
+    - Strict requirements for resource quality, reliability, and availability.
+    - Designed to maintain high standards and ensure a positive user experience.
+  - **Distribution Details**:
+    - Funds to be allocated on a first-come, first-served basis.
+    - Maximum cap of $250,000 per community provider to ensure equitable distribution.
+
+- **Provider Resources**:
+  - Target resources include H100s, A6000s, and 4090s GPUs.
+  - Details on resource requirements and application guidelines available in the GitHub discussion.
+
+### General Discussion
+- **PIP 01 Impact**:
+  - Observed positive impact on daily network spend, indicating successful implementation and demand growth.
+
+- **Community Feedback**:
+  - Encouragement for community members to engage with SIG Economics via Discord, Twitter, or GitHub.
+  - Emphasis on maintaining open communication and leveraging community ideas for network development.
+
+### Closing Remarks
+- Smaller group attendance for this meeting, with fewer updates to discuss.
+- Acknowledgment of the community's ongoing contributions and engagement.
+- Recording and notes to be uploaded to GitHub for wider access.
+
+## Action Items
+- **Scott Hewitson**:
+  - Continue monitoring and reporting on the implementation of PIP 02.
+- **Cheng Wang**:
+  - Facilitate communication with interested community providers and guide them through the application process.
+  - Provide ongoing updates on PIP 02 progress and resource allocation.
+- **Community Members**:
+  - Review [PIP 02 documentation](https://github.com/orgs/akash-network/discussions/696) and apply for community provider funding if eligible.
+  - Share feedback and ideas through SIG Economics channels.
+
+ ## Transcript