Mailing Lists/CIP-0048: Raising the reward caps for Validators and Application ProvidersSource on lists.sync.global ↗

CIP-0048: Raising the reward caps for Validators and Application Providers

cip-discussCIP-00483 messagesstarted 24-02-2025
  1. #1Wayne Collier24-02-2025source ↗

    I propose that we raise the reward minting caps for Validators and application providers by a factor of 200X, to $570 USD/round for Validators, and 20,000X the burned CC in a featured transaction, for application providers. This will have the effect of eliminating minting caps until Canton Coin reaches a conversion rate of $1 USD per Canton Coin. The Super Validators can implement this change via an onchain vote.

    Specification

    Super Validator node operators will perform an onchain vote to make the following changes:

    Change issuanceCurve.initialValue.optValidatorFaucetCap

    From 2.85

    To 570

    Change issuanceCurve.initialValue.featuredAppRewardCap

    From 100

    To 20000 (20,000)

    On DevNet, followed by TestNet and then MainNet.


    Detailed motivation and rationale in this PR: 
    https://github.com/global-synchronizer-foundation/cips/blob/841a75815f15395b16be167848058c2f8f934d5c/CIP-0048/CIP-0048.md
  2. #2Chris Matturri25-02-2025source ↗
    This makes a lot of sense and something we would support.  Seems necessary once conversion rates start increasing from $.005 to prevent unminted tokens 
    toggle quoted message Show quoted text


    On Mon, Feb 24, 2025 at 2:02 PM Wayne Collier via lists.sync.global <wayne.collier=digitalasset.com@...> wrote:

    I propose that we raise the reward minting caps for Validators and application providers by a factor of 200X, to $570 USD/round for Validators, and 20,000X the burned CC in a featured transaction, for application providers. This will have the effect of eliminating minting caps until Canton Coin reaches a conversion rate of $1 USD per Canton Coin. The Super Validators can implement this change via an onchain vote.

    Specification

    Super Validator node operators will perform an onchain vote to make the following changes:

    Change issuanceCurve.initialValue.optValidatorFaucetCap

    From 2.85

    To 570

    Change issuanceCurve.initialValue.featuredAppRewardCap

    From 100

    To 20000 (20,000)

    On DevNet, followed by TestNet and then MainNet.

  3. #3Kinga Bosse27-02-2025source ↗

    MPCH is in favor

     

    Kinga Z. Bosse

    COO|MPCH|www.mpch.com

    signature_3384351488

    Book time to meet with me

     

     

    From: cip-discuss@... <cip-discuss@...> on behalf of Wayne Collier via lists.sync.global <wayne.collier=digitalasset.com@...>
    Date: Monday, February 24, 2025 at 2:02     PM
    To: cip-discuss@... <cip-discuss@...>
    Subject: [cip-discuss] CIP-0048: Raising the reward caps for Validators and Application Providers

    I propose that we raise the reward minting caps for Validators and application providers by a factor of 200X, to $570 USD/round for Validators, and 20,000X the burned CC in a featured transaction, for application providers. This will have the effect of eliminating minting caps until Canton Coin reaches a conversion rate of $1 USD per Canton Coin. The Super Validators can implement this change via an onchain vote.

    Specification

    Super Validator node operators will perform an onchain vote to make the following changes:

    Change issuanceCurve.initialValue.optValidatorFaucetCap

    From 2.85

    To 570

    Change issuanceCurve.initialValue.featuredAppRewardCap

    From 100

    To 20000 (20,000)

    On DevNet, followed by TestNet and then MainNet.


    Detailed motivation and rationale in this PR: 
    https://github.com/global-synchronizer-foundation/cips/blob/841a75815f15395b16be167848058c2f8f934d5c/CIP-0048/CIP-0048.md