CIP-0042: Stable Price per Canton Coin Transfer via Synchronizer Fees
ActiveGovernanceCreated 06-12-2024Approved 14-12-20242 attachments
TL;DR
This Canton Improvement Proposal aims to maintain a stable price of $1 for typical asset transfers via the Global Synchronizer by adjusting synchronizer fees as needed. The proposal allows Super Validator operators to adjust fees without explicit approval from rights owners to maintain this price level, in response to decreasing transaction costs due to improvements such as the 32% reduction in transaction payload size. By doing so, the proposal ensures that the cost of asset transfers remains stable despite changes in underlying costs, providing a simpler pricing mechanism for users.