CIP-0059: Add Woodside AI as an SV of Weight 10
- Hello,
Please find the CIP-0059: Add Woodside AI as an SV of Weight 10 open for discussion at the PR https://github.com/global-synchronizer-foundation/cips/pull/52. Full text below.
DA is the sponsor.
In order to move to a vote we are requesting a Super Validator Node Operator to endorse the CIP.
Abstract:Add Woodside AI as an SV of Weight 10
About Applicant:
Over the past 4 months, Woodside AI have been working on developing an investment thesis for Canton network around Private Credit infrastructure, Fund Admin infrastructure together with Blackstone in addition to bringing some assets to Canton from the Middle East around Mortgages, Payment Securitization and more.
Woodside AI is a self-funded venture studio whose past projects include Novaprime, The Compute Exchange, and Silicon Data. The venture studio is led by Suna Said, Don Wilson and Edward Hu.
Suna Said is the Founder and CEO of Nima Capital, a single-family office focused on identifying companies that use technology to disrupt industries around the world.
Suna Said draws upon her extensive knowledge and a broad network of investment partners, industry leaders, and top-tier entrepreneurs who collaborate with her as co-investors, advisors, and catalysts for achieving success. Suna Said was honored as a Women of Achievement recipient in 2015 and is an active member of the boards of several prestigious organizations.
Don Wilson is the founder and CEO of DRW, one of the world’s largest trading firms. Don Wilson is also the founder of Cumberland, one of the largest crypto liquidity providers, and incubated Digital Asset, Hashnote, and other companies.
Edward Hu was a former Researcher at OpenAI, and is credited with inventing industry standards in AI such as LoRA and μTransfer. Edward Hu received his Ph.D. in AI, advised by a Turing Award winning pioneer of the field.
Deliverables for full SV Reward:
Deliverable
Acceptance Criteria
Deadline
Weight Earned
Commitment from major GP for Private Credit
* LOI or equivalent documentation signed with Blackstone (or approved alternative) noting intention to build private credit infrastructure on Canton
* PR with signed partner announcing intention to build on Canton
* Potential alternatives (non-exhaustive list) : Ares, Apollo, KKR, Goldman, Oaktree, Carlyle. Any other names can be presented to Tokenomics Working Group for approval.
+ 120 Days from CIP Approval
1
Private Credit MVP live
* At least one private credit module will be deployed and utilized on the Global Synchronizer
* If Woodside starts with underwriting, the underwriting module will be active and utilized by the private credit partner
* Woodside will present plans and get pre-approval for the module they intend to deploy for this reward before they begin the work
+ 180 Days from Private Credit GP Commitment
1
Private Credit Incentives
* $2 billion of private credit TVL on the Global Synchronizer
* Assets will be disclosed to the on-chain data service to make this information available to reporting services like The Tie and RWA.xyz
+ 180 Days from Private Credit MVP Live
+ 0.5 per $500m of Private Credit TVL issued on the Global Synchronizer
Up to Max 2Commitment from major GP for Fund Admin
* LOI or equivalent documentation signed with Blackstone (or approved alternative) noting intention to build Fund Admin infrastructure on Canton
* PR with signed partner announcing intention to build on Canton
* Potential alternatives (non-exhaustive list) : Ares, Apollo, KKR, Goldman, Oaktree, Carlyle. Any other names can be presented to Tokenomics Working Group for approval.
+ 120 Days from CIP Approval
1
Fund Admin MVP live
* Blackstone (or approved alternative) adopts Fund Admin platform
* PR with partner on go-live
* Fund Admin will be integrated with the on-chain data oracle and an on-chain stablecoin
+ 1 Year from CIP Approval
3
Canton Adoption Incentives
* Successfully onboard Tokenomics-working-group approved participants to use the Global Synchronizer and/or app(s) on the Global Synchronizer
+ 180 Days from CIP Approval
0.5 per Participant
Up to Max 2
SV Mechanics:
An ‘representative’ SV will be setup by the GSF with an SV Weight at the maximum earnable weight in this CIP
The Applicant is responsible for all costs associated with the operation of the representative SV
The representative SV will NOT mint rewards on a block by block basis
All representative SV rewards will go to the Unclaimed Rewards pool
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
⅔ of Super Validator Operators will then assign a portion of the Unclaimed Rewards to be minted by the Applicant’s Validator
⅔ of the Super Validator Operators will update their configurations to allow Applicant to takeover a portion of their SV Weight on a go-forward basis
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 on the representative SV will be removed from the SV Operator configs
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
Dr. Amanda L. Martin
814-359-6544Director of Program Management - Just a quick note about the doc in Git, the abstract is referring to Monstera rather than Woodside AI.toggle quoted message Show quoted textOn Apr 21, 2025, at 4:17 PM, DrAmandaLMartin via lists.sync.global <amartin=linuxfoundation.org@...> wrote:
Hello, Please find the CIP-0059: Add Woodside AI as an SV of Weight 10 open for discussion at the PR https: //github. com/global-synchronizer-foundation/cips/pull/52. Full text below. DA is the sponsor. In order to move to a vote we are requesting
Hello,
Please find the CIP-0059: Add Woodside AI as an SV of Weight 10 open for discussion at the PR https://github.com/global-synchronizer-foundation/cips/pull/52<https://urldefense.com/v3/__https://github.com/global-synchronizer-foundation/cips/blob/e4a6e6abe79c44f2980f88bd0a01fd5b30e79167/cip-0059/cip-0059.md__;!!EvhwMw!WM2FsU8kX0AJtMsgnc_YJteOyCLpskcs7WNpcEoSXbPSpzwbZ4h19Z4LE0dqzv5UApVdLZa3olsNjW1waqDlyWR6UeiJar7p5wDSJok2$>. Full text below.
DA is the sponsor.
In order to move to a vote we are requesting a Super Validator Node Operator to endorse the CIP.
Abstract:
Add Woodside AI as an SV of Weight 10
About Applicant:
* Over the past 4 months, Woodside AI have been working on developing an investment thesis for Canton network around Private Credit infrastructure, Fund Admin infrastructure together with Blackstone in addition to bringing some assets to Canton from the Middle East around Mortgages, Payment Securitization and more.
* Woodside AI is a self-funded venture studio whose past projects include Novaprime, The Compute Exchange, and Silicon Data. The venture studio is led by Suna Said, Don Wilson and Edward Hu.
* Suna Said is the Founder and CEO of Nima Capital, a single-family office focused on identifying companies that use technology to disrupt industries around the world.
* Suna Said draws upon her extensive knowledge and a broad network of investment partners, industry leaders, and top-tier entrepreneurs who collaborate with her as co-investors, advisors, and catalysts for achieving success. Suna Said was honored as a Women of Achievement recipient in 2015 and is an active member of the boards of several prestigious organizations.
* Don Wilson is the founder and CEO of DRW, one of the world’s largest trading firms. Don Wilson is also the founder of Cumberland, one of the largest crypto liquidity providers, and incubated Digital Asset, Hashnote, and other companies.
* Edward Hu was a former Researcher at OpenAI, and is credited with inventing industry standards in AI such as LoRA and μTransfer. Edward Hu received his Ph.D. in AI, advised by a Turing Award winning pioneer of the field.
Deliverables for full SV Reward:
Deliverable
Acceptance Criteria
Deadline
Weight Earned
Commitment from major GP for Private Credit
* LOI or equivalent documentation signed with Blackstone (or approved alternative) noting intention to build private credit infrastructure on Canton
* PR with signed partner announcing intention to build on Canton
* Potential alternatives (non-exhaustive list) : Ares, Apollo, KKR, Goldman, Oaktree, Carlyle. Any other names can be presented to Tokenomics Working Group for approval.
+ 120 Days from CIP Approval
1
Private Credit MVP live
* At least one private credit module will be deployed and utilized on the Global Synchronizer
* If Woodside starts with underwriting, the underwriting module will be active and utilized by the private credit partner
* Woodside will present plans and get pre-approval for the module they intend to deploy for this reward before they begin the work
+ 180 Days from Private Credit GP Commitment
1
Private Credit Incentives
* $2 billion of private credit TVL on the Global Synchronizer
* Assets will be disclosed to the on-chain data service to make this information available to reporting services like The Tie and RWA.xyz
+ 180 Days from Private Credit MVP Live
+ 0.5 per $500m of Private Credit TVL issued on the Global Synchronizer
Up to Max 2
Commitment from major GP for Fund Admin
* LOI or equivalent documentation signed with Blackstone (or approved alternative) noting intention to build Fund Admin infrastructure on Canton
* PR with signed partner announcing intention to build on Canton
* Potential alternatives (non-exhaustive list) : Ares, Apollo, KKR, Goldman, Oaktree, Carlyle. Any other names can be presented to Tokenomics Working Group for approval.
+ 120 Days from CIP Approval
1
Fund Admin MVP live
* Blackstone (or approved alternative) adopts Fund Admin platform
* PR with partner on go-live
* Fund Admin will be integrated with the on-chain data oracle and an on-chain stablecoin
+ 1 Year from CIP Approval
3
Canton Adoption Incentives
* Successfully onboard Tokenomics-working-group approved participants to use the Global Synchronizer and/or app(s) on the Global Synchronizer
+ 180 Days from CIP Approval
0.5 per Participant
Up to Max 2
SV Mechanics:
* An ‘representative’ SV will be setup by the GSF with an SV Weight at the maximum earnable weight in this CIP
* The Applicant is responsible for all costs associated with the operation of the representative SV
* The representative SV will NOT mint rewards on a block by block basis
* All representative SV rewards will go to the Unclaimed Rewards pool
* 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
* ⅔ of Super Validator Operators will then assign a portion of the Unclaimed Rewards to be minted by the Applicant’s Validator
* ⅔ of the Super Validator Operators will update their configurations to allow Applicant to takeover a portion of their SV Weight on a go-forward basis
* 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 on the representative SV will be removed from the SV Operator configs
* 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
Dr. Amanda L. Martin
814-359-6544
The Linux Foundation<https://urldefense.com/v3/__https://www.linuxfoundation.org__;!!EvhwMw!WM2FsU8kX0AJtMsgnc_YJteOyCLpskcs7WNpcEoSXbPSpzwbZ4h19Z4LE0dqzv5UApVdLZa3olsNjW1waqDlyWR6UeiJar7p59hh06zZ$>
Director of Program Management
Github<https://urldefense.com/v3/__https://github.com/hythloda__;!!EvhwMw!WM2FsU8kX0AJtMsgnc_YJteOyCLpskcs7WNpcEoSXbPSpzwbZ4h19Z4LE0dqzv5UApVdLZa3olsNjW1waqDlyWR6UeiJar7p5565Ib-f$> | LinkedIn<https://urldefense.com/v3/__https://www.linkedin.com/in/dr-amanda-martin-69350067/__;!!EvhwMw!WM2FsU8kX0AJtMsgnc_YJteOyCLpskcs7WNpcEoSXbPSpzwbZ4h19Z4LE0dqzv5UApVdLZa3olsNjW1waqDlyWR6UeiJar7p5xaix-iX$> | Calendar<https://urldefense.com/v3/__https://www.linuxfoundation.org/meetings/amartin56__;!!EvhwMw!WM2FsU8kX0AJtMsgnc_YJteOyCLpskcs7WNpcEoSXbPSpzwbZ4h19Z4LE0dqzv5UApVdLZa3olsNjW1waqDlyWR6UeiJar7p5w4WWEBJ$>
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>Chris Zuehlke wrote:
>Just a quick note about the doc in Git, the abstract is referring to Monstera rather than Woodside AI. - toggle quoted message Show quoted text
On Apr 21, 2025, at 4:17 PM, DrAmandaLMartin via lists.sync.global <amartin=linuxfoundation.org@...> wrote:
Hello,
Please find the CIP-0059: Add Woodside AI as an SV of Weight 10 open for discussion at the PR https://github.com/global-synchronizer-foundation/cips/pull/52. Full text below.
DA is the sponsor.
In order to move to a vote we are requesting a Super Validator Node Operator to endorse the CIP.
Abstract:Add Woodside AI as an SV of Weight 10
About Applicant:
-
Over the past 4 months, Woodside AI have been working on developing an investment thesis for Canton network around Private Credit infrastructure, Fund Admin infrastructure together with Blackstone in addition to bringing some assets to Canton from the Middle East around Mortgages, Payment Securitization and more.
-
Woodside AI is a self-funded venture studio whose past projects include Novaprime, The Compute Exchange, and Silicon Data. The venture studio is led by Suna Said, Don Wilson and Edward Hu.
-
Suna Said is the Founder and CEO of Nima Capital, a single-family office focused on identifying companies that use technology to disrupt industries around the world.
-
Suna Said draws upon her extensive knowledge and a broad network of investment partners, industry leaders, and top-tier entrepreneurs who collaborate with her as co-investors, advisors, and catalysts for achieving success. Suna Said was honored as a Women of Achievement recipient in 2015 and is an active member of the boards of several prestigious organizations.
-
Don Wilson is the founder and CEO of DRW, one of the world’s largest trading firms. Don Wilson is also the founder of Cumberland, one of the largest crypto liquidity providers, and incubated Digital Asset, Hashnote, and other companies.
-
Edward Hu was a former Researcher at OpenAI, and is credited with inventing industry standards in AI such as LoRA and μTransfer. Edward Hu received his Ph.D. in AI, advised by a Turing Award winning pioneer of the field.
Deliverables for full SV Reward:
Deliverable
Acceptance Criteria
Deadline
Weight Earned
Commitment from major GP for Private Credit
* LOI or equivalent documentation signed with Blackstone (or approved alternative) noting intention to build private credit infrastructure on Canton
* PR with signed partner announcing intention to build on Canton
* Potential alternatives (non-exhaustive list) : Ares, Apollo, KKR, Goldman, Oaktree, Carlyle. Any other names can be presented to Tokenomics Working Group for approval.
+ 120 Days from CIP Approval
1
Private Credit MVP live
* At least one private credit module will be deployed and utilized on the Global Synchronizer
* If Woodside starts with underwriting, the underwriting module will be active and utilized by the private credit partner
* Woodside will present plans and get pre-approval for the module they intend to deploy for this reward before they begin the work
+ 180 Days from Private Credit GP Commitment
1
Private Credit Incentives
* $2 billion of private credit TVL on the Global Synchronizer
* Assets will be disclosed to the on-chain data service to make this information available to reporting services like The Tie and RWA.xyz
+ 180 Days from Private Credit MVP Live
+ 0.5 per $500m of Private Credit TVL issued on the Global Synchronizer
Up to Max 2Commitment from major GP for Fund Admin
* LOI or equivalent documentation signed with Blackstone (or approved alternative) noting intention to build Fund Admin infrastructure on Canton
* PR with signed partner announcing intention to build on Canton
* Potential alternatives (non-exhaustive list) : Ares, Apollo, KKR, Goldman, Oaktree, Carlyle. Any other names can be presented to Tokenomics Working Group for approval.
+ 120 Days from CIP Approval
1
Fund Admin MVP live
* Blackstone (or approved alternative) adopts Fund Admin platform
* PR with partner on go-live
* Fund Admin will be integrated with the on-chain data oracle and an on-chain stablecoin
+ 1 Year from CIP Approval
3
Canton Adoption Incentives
* Successfully onboard Tokenomics-working-group approved participants to use the Global Synchronizer and/or app(s) on the Global Synchronizer
+ 180 Days from CIP Approval
0.5 per Participant
Up to Max 2
SV Mechanics:
-
An ‘representative’ SV will be setup by the GSF with an SV Weight at the maximum earnable weight in this CIP
-
The Applicant is responsible for all costs associated with the operation of the representative SV
-
The representative SV will NOT mint rewards on a block by block basis
-
All representative SV rewards will go to the Unclaimed Rewards pool
-
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
-
⅔ of Super Validator Operators will then assign a portion of the Unclaimed Rewards to be minted by the Applicant’s Validator
-
⅔ of the Super Validator Operators will update their configurations to allow Applicant to takeover a portion of their SV Weight on a go-forward basis
-
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 on the representative SV will be removed from the SV Operator configs
-
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
Dr. Amanda L. Martin
814-359-6544Director of Program Management -
- Hi, James
I'll take this as "Liberty City Ventures endorses this CIP".With Cumberland supporting and LCV endorsing, this is ready for a vote of the Super Validators in cip-votes.Wayne CollierDirector of Product Management, Digital Asset.
