CIP Browser

The Canton Improvement Proposal (CIP) aims to add new Super Validators to the Canton Network, including Lukka and Strange Pixels, to improve decentralization and resiliency. Lukka will provide on-chain AML monitoring, while Strange Pixels will offer to operate Super Validators for other Super Validators, increasing the operator pool and reducing coordination overhead. The addition of these new Super Validators is expected to support institutional participants and improve the overall security and reliability of the Canton Network.

The Canton Improvement Proposal (CIP) aims to amend the referral reward program established in CIP-0007, which provides incentives for Super Validators and Validators to bring new apps and Validators to the Canton Network. The proposed changes include revising the deadlines and clarifying the terms of the referral rewards, which are intended to encourage early participation and adoption of the Network. By passing CIP-0024, the referral reward program will be updated to better reflect the current state of the Network and provide a more fair and effective incentive structure.

This Canton Improvement Proposal aims to reduce the read scaling factor from 200 basis points to 4 basis points, lowering the charge for delivering messages to recipients. The proposed change is intended to alleviate the current fee structure that is blocking new nodes from joining the network, as the cost of publishing vetting information to existing participant nodes is using up the free tier. By reducing the read scaling factor, Validators will be able to continue joining the network without being hindered by excessive costs.

This Canton Improvement Proposal aims to add a new entity, currently referred to as 7RIDGE, as a Tier 1 Super Validator with a weight of 10, which will be represented by a newly formed company held by a 7RIDGE managed fund. The addition of 7RIDGE will increase the Foundation node's weight to account for the new Super Validator, with 7RIDGE initially joining the launch on the Foundation's multi-tenant node and later taking over operations of its own Super Validator. The proposed changes will result in an updated weight distribution among the Super Validators, with the Global-Synchronizer-Foundation node's weight increasing to 44.0000 to reflect the addition of 7RIDGE.

This Canton Improvement Proposal, CIP-0018, aims to add Tradeweb as a Tier 1 Super Validator with a weight of 10, increasing the Foundation node weight to account for Tradeweb's participation. Tradeweb will initially join on the Foundation's multi-tenant node and later take over operations of their own Super Validator after launch, with 10 weight of the total Super Validator minting weight designated to them. The proposal adjusts the weight distribution among Super Validators, with the Foundation node's weight increasing to 34 to accommodate Tradeweb's addition.

This Canton Improvement Proposal (CIP-0014) aims to implement API changes to enhance the Canton Coin Scan API, allowing for more precise accounting of pending locks, holding fees, and Canton Coin burns. The proposed changes would be made available to Super Validators on June 10th, 2024, and if approved, would lead to a revised launch timeline with a target go-live date of June 25th, 2024. The approval of this proposal would require a two-thirds majority vote from the Super Validators, and if successful, would initiate the final nine-day launch process on June 18th, 2024.

This Canton Improvement Proposal, CIP-0013, aims to correct an error in the Daml models that allowed Super Validators to mint more Canton Coin than their allocated share after being removed and returned to the quorum. The proposed fix updates the re-onboarding process to reuse existing reward state contracts instead of creating new ones, preventing duplicate minting of rewards. By implementing this change, the network can ensure accurate reward issuance and maintain the integrity of the Canton Coin allocation process.

CIP-0012 proposes minor adjustments to Canton Coin processing and operational configuration on the Global Synchronizer, identified during MainNet staging rehearsals. Specifically, it addresses a rounding error in holding fee calculations and a round stall fault, which require changes to Daml model code and on-chain configuration. The proposal seeks Super Validator rights owners' approval for these fixes to be implemented via two separate on-chain governance votes, enabling a new MainNet launch date of June 11th.

CIP 0001 proposes to eliminate the time-delayed launch of Super Validator (SV) tiers, allowing all qualified SVs to operate from day one. This change aims to increase the number of active validators at launch, enhancing network robustness and decentralization, especially given current market conditions affecting Tier 1 allocation. The proposal introduces a weighted reward mechanism across tiers to maintain differentiated incentives while enabling broader immediate participation.