CIP-0060: Add Zero Hash as SV of Weight 7.5

CIP-0060

Abstract:

Add Zero Hash as SV of Weight 7.5

About Applicant:

• Zero Hash is the leading infrastructure provider for crypto, stablecoin, and tokenized asset settlement. Its embeddable, API-first platform enables regulated money movement across fiat, crypto, and stable instruments. Clients use Zero Hash to build solutions for cross-border payments, commerce, trading, remittance, payroll, tokenization, wallets, on/off-ramps, and more. Customers include Stripe, Shift4, Nuvei, Interactive Brokers, Kalshi, Franklin Templeton and Bolt.
• Zero Hash Holdings is backed by investors, including Point72 Ventures, Bain Capital Ventures, and NYCA.
• Zero Hash Trust Company LLC has been approved by the North Carolina Commissioner of Banks as a non-depository trust company.
• Zero Hash LLC is a FinCen-registered Money Service Business and a regulated Money Transmitter that can operate in 51 U.S. jurisdictions. Zero Hash LLC and Zero Hash Liquidity Services LLC are licensed to engage in virtual currency business activity by the New York State Department of Financial Services. In Canada, Zero Hash LLC is registered as a Money Service Business with FINTRAC.

Deliverables for full SV Reward:

Deliverable	Acceptance Criteria	Deadline	Weight Earned
Zero Hash Product Integration to Canton	• Zero Hash integrates Canton Coin and USDC issued on Canton into their product suite<br>• May include other Canton based assets (at their sole discretion)	+180 Days from CIP Approval	2.5
Education, Social, and Events	• At least one of each by deadline:<br> • Webinar<br> • White paper<br> • Social media amplification<br> • Joint event	+90 Days from CIP Approval	0.5
Canton is the Exclusive Privacy-enabled Settlement Blockchain for ZH	ZH exclusively leverages Canton for privacy-enabled on-chain settlement whenever technically possible.	+180 day days from CIP approval	0.5 <br> We used the "technically possible" language to address situations where an asset isn't available on Canton but aren't particularly attached to that clause.
Adoption Incentives	Described to the right		• 1.5 weight available during months 1-6 post integration with Canton. 0.25 weight available for each unique customer that settles > $125M of volume on Canton up to 1.5 weight total. <br> •1.0 weight available during months 7-12 post integration with Canton. 0.5 weight available for every $500M of volume settled on Canton up to 1.0 weight total. <br> • 1.5 weight available during months 13-24 post integration with Canton.

Milestone Mechanics:

• The GSF Tokenomics committee commits to deliberate each proposed participant and clearly notify Zero Hash if the participant would count against the Adoption Incentives
• Zero Hash will meet with the GSF Tokenomics committee once every 60 days and provide a progress report towards stated deliverables

SV Reward Mechanics:

• An extraBeneficiary PartyID associated with the ‘escrowed’ Super Validator will be setup by the GSF with an SV Weight at the maximum earnable weight in the CIP that granted rights to that Super Validator.

  • The Applicant is responsible for all costs associated with the operation of the escrow SV
  • The escrow SV will NOT mint rewards on a block by block basis
  • All escrow SV rewards will go to the Unclaimed Rewards pool

• ⅔ of the Super Validator Operators will update their configurations to allow GSF to host the full weight to be earned by the given Super Validator

• Applicant is required to present proof of successful completed milestones to the Tokenomics Working Group

  • Applicant is required to present a calculation for number of Canton Coin it should earn for meeting the requirements of the milestone

• If the Tokenomics Working Group agrees the milestone has been met and agrees with the calculation, an announcement will be sent via the Tokenomics-Announce mailing List

  • The GSF will update the extraBeneficiary to an active PartyID controlled by that Super Validator.
  • ⅔ of Super Validator Operators will then assign a portion of the Unclaimed Rewards to be minted by the Applicant’s Validator, based on the calculation approved by the Tokenomics working group.

• If any milestones and associated rewards are not achieved by the deadline

  • Applicant will be notified they have not met a deliverable by the GSF
  • Remaining SV Weight assigned to the extraBeneficiary SV will be removed from the GSF node configuration, and the total SV weight of the GSF SV node will be reduced by the same amount by a vote of the Super Validators.
  • The Tokenomics Working Group will make a recommendation to the SVs on what to do with the Unclaimed Rewards

• Applicant is subject to CIP-0045 : SV Operating Requirements

  • If, at any time, the Applicant has been rewarded SV Weight > 2.5, they are required to operate their SV within 6 months of crossing that Weight. This SV node will join the network with an SV weight of zero (0) and may add weights as the SV completes the milestones listed in this CIP.

Copyright

This CIP is licensed under CC0-1.0: Creative Commons CC0 1.0 Universal.

Changelog

• 2025-04-23: Initial draft of the proposal.
• 2025-05-13: Approved CIP