CIP-0067: One-Time Allocation of Historical Unclaimed Rewards to GSF
- Hello,
Please find CIP-0067: One-Time Allocation of Historical Unclaimed Rewards to GSF open for discussion here on GitHubFull text below.Author: Eric W Saraniecki Status: Draft Type: Meta / Tokenomics Created: 2025-06-13 Approved: TBD License: CC0-1.0
Summary
This proposal authorizes a one-time allocation of historical unclaimed rewards from the Canton validator reward pool to the Global Synchronizer Foundation (GSF). These funds compensate GSF for its critical contributions to the design, governance, and operational stability of the Global Synchronizer.
Motivation
GSF has played a foundational role in establishing and maintaining the systems that govern the Canton Network, including:
-
Launching the legal entity, onboarding founding members, and establishing governance processes for the Global Synchronizer
-
Defining and maintaining long-term technical roadmaps for protocol coordination
-
Structuring pathways for meaningful community engagement and contribution
-
Leading coordination and execution of Super Validator governance and network-wide decision-making
Scope and Exclusions
-
Included:
-
All unclaimed validator rewards as of the effective date of this proposal that are not explicitly reserved under any approved milestone-based SV reward schedule.
-
At time of drafting this note, it is expected that 1.6 to 1.7 billion CC will transfer to the GSF from this action
-
Excluded:
-
Any future unclaimed rewards
-
Rewards currently held in escrow or contractually earmarked for SV milestone-based delivery
Specification
-
Recipient: Global Synchronizer Foundation Treasury (designated on-chain address)
-
Transfer Mechanism: One-time disbursement authorized via governance
-
Reference Date: Snapshot to be taken at a designated block height or timestamp to establish the reward pool eligible for reallocation
Actions
-
IEU to calculate amount of unclaimed rewards to be assigned to the GSF as of a specific block height
-
IEU to initiate on-chain process for GSF to mint unclaimed coins when ready
-
- toggle quoted message Show quoted text
What would happen to the unclaimed rewards in the absence of the proposed allocation?
From: cip-discuss@... <cip-discuss@...> On Behalf Of DrAmandaLMartin via lists.sync.global
Sent: Tuesday, July 1, 2025 6:33 PM
To: cip-discuss@...
Subject: [cip-discuss] CIP-00XX: One-Time Allocation of Historical Unclaimed Rewards to GSFHello,
Please find CIP-00XX: One-Time Allocation of Historical Unclaimed Rewards to GSF open for discussion.Full text below.
Summary
This proposal authorizes a one-time allocation of historical unclaimed rewards from the Canton validator reward pool to the Global Synchronizer Foundation (GSF). These funds compensate GSF for its critical contributions to the design, governance, and operational stability of the Global Synchronizer.
Motivation
GSF has played a foundational role in establishing and maintaining the systems that govern the Canton Network, including:
- Launching the legal entity, onboarding founding members, and establishing governance processes for the Global Synchronizer
- Defining and maintaining long-term technical roadmaps for protocol coordination
- Structuring pathways for meaningful community engagement and contribution
- Leading coordination and execution of Super Validator governance and network-wide decision-making
Scope and Exclusions
- Included:
- All unclaimed validator rewards as of the effective date of this proposal that are not explicitly reserved under any approved milestone-based SV reward schedule.
- At time of drafting this note, it is expected that 1.6 to 1.7 billion CC will transfer to the GSF from this action
- Excluded:
- Any future unclaimed rewards
- Rewards currently held in escrow or contractually earmarked for SV milestone-based delivery
Specification
- Recipient: Global Synchronizer Foundation Treasury (designated on-chain address)
- Transfer Mechanism: One-time disbursement authorized via governance
- Reference Date: Snapshot to be taken at a designated block height or timestamp to establish the reward pool eligible for reallocation
Actions
- IEU to calculate amount of unclaimed rewards to be assigned to the GSF as of a specific block height
- IEU to initiate on-chain process for GSF to mint unclaimed coins when ready
- toggle quoted message Show quoted textSit thereOn Jul 3, 2025, at 3:56 PM, James Lang via lists.sync.global <james=libertycityventures.com@...> wrote:
What would happen to the unclaimed rewards in the absence of the proposed allocation?
From: cip-discuss@... <cip-discuss@...> On Behalf Of DrAmandaLMartin via lists.sync.global
Sent: Tuesday, July 1, 2025 6:33 PM
To: cip-discuss@...
Subject: [cip-discuss] CIP-00XX: One-Time Allocation of Historical Unclaimed Rewards to GSFHello,
Please find CIP-00XX: One-Time Allocation of Historical Unclaimed Rewards to GSF open for discussion.Full text below.
Summary
This proposal authorizes a one-time allocation of historical unclaimed rewards from the Canton validator reward pool to the Global Synchronizer Foundation (GSF). These funds compensate GSF for its critical contributions to the design, governance, and operational stability of the Global Synchronizer.
Motivation
GSF has played a foundational role in establishing and maintaining the systems that govern the Canton Network, including:
- Launching the legal entity, onboarding founding members, and establishing governance processes for the Global Synchronizer
- Defining and maintaining long-term technical roadmaps for protocol coordination
- Structuring pathways for meaningful community engagement and contribution
- Leading coordination and execution of Super Validator governance and network-wide decision-making
Scope and Exclusions
- Included:
- All unclaimed validator rewards as of the effective date of this proposal that are not explicitly reserved under any approved milestone-based SV reward schedule.
- At time of drafting this note, it is expected that 1.6 to 1.7 billion CC will transfer to the GSF from this action
- Excluded:
- Any future unclaimed rewards
- Rewards currently held in escrow or contractually earmarked for SV milestone-based delivery
Specification
- Recipient: Global Synchronizer Foundation Treasury (designated on-chain address)
- Transfer Mechanism: One-time disbursement authorized via governance
- Reference Date: Snapshot to be taken at a designated block height or timestamp to establish the reward pool eligible for reallocation
Actions
- IEU to calculate amount of unclaimed rewards to be assigned to the GSF as of a specific block height
- IEU to initiate on-chain process for GSF to mint unclaimed coins when ready
This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at http://www.digitalasset.com/emaildisclaimer.html. If you are not the intended recipient, please delete this message. - As in never earned and allocated?toggle quoted message Show quoted text
James LangManaging Director
On Jul 3, 2025, at 4:27 PM, Eric Saraniecki via lists.sync.global <eric=digitalasset.com@...> wrote:
Sit there
On Jul 3, 2025, at 3:56 PM, James Lang via lists.sync.global <james=libertycityventures.com@...> wrote:
What would happen to the unclaimed rewards in the absence of the proposed allocation?
From: cip-discuss@... <cip-discuss@...> On Behalf Of DrAmandaLMartin via lists.sync.global
Sent: Tuesday, July 1, 2025 6:33 PM
To: cip-discuss@...
Subject: [cip-discuss] CIP-00XX: One-Time Allocation of Historical Unclaimed Rewards to GSFHello,
Please find CIP-00XX: One-Time Allocation of Historical Unclaimed Rewards to GSF open for discussion.Full text below.
Summary
This proposal authorizes a one-time allocation of historical unclaimed rewards from the Canton validator reward pool to the Global Synchronizer Foundation (GSF). These funds compensate GSF for its critical contributions to the design, governance, and operational stability of the Global Synchronizer.
Motivation
GSF has played a foundational role in establishing and maintaining the systems that govern the Canton Network, including:
- Launching the legal entity, onboarding founding members, and establishing governance processes for the Global Synchronizer
- Defining and maintaining long-term technical roadmaps for protocol coordination
- Structuring pathways for meaningful community engagement and contribution
- Leading coordination and execution of Super Validator governance and network-wide decision-making
Scope and Exclusions
- Included:
- All unclaimed validator rewards as of the effective date of this proposal that are not explicitly reserved under any approved milestone-based SV reward schedule.
- At time of drafting this note, it is expected that 1.6 to 1.7 billion CC will transfer to the GSF from this action
- Excluded:
- Any future unclaimed rewards
- Rewards currently held in escrow or contractually earmarked for SV milestone-based delivery
Specification
- Recipient: Global Synchronizer Foundation Treasury (designated on-chain address)
- Transfer Mechanism: One-time disbursement authorized via governance
- Reference Date: Snapshot to be taken at a designated block height or timestamp to establish the reward pool eligible for reallocation
Actions
- IEU to calculate amount of unclaimed rewards to be assigned to the GSF as of a specific block height
- IEU to initiate on-chain process for GSF to mint unclaimed coins when ready
This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at http://www.digitalasset.com/emaildisclaimer.html. If you are not the intended recipient, please delete this message. - toggle quoted message Show quoted textYesOn Jul 3, 2025, at 4:29 PM, James Lang via lists.sync.global <james=libertycityventures.com@...> wrote: As in never earned and allocated?
James LangManaging Director
On Jul 3, 2025, at 4:27 PM, Eric Saraniecki via lists.sync.global <eric=digitalasset.com@...> wrote:
Sit there
On Jul 3, 2025, at 3:56 PM, James Lang via lists.sync.global <james=libertycityventures.com@...> wrote:
What would happen to the unclaimed rewards in the absence of the proposed allocation?
From: cip-discuss@... <cip-discuss@...> On Behalf Of DrAmandaLMartin via lists.sync.global
Sent: Tuesday, July 1, 2025 6:33 PM
To: cip-discuss@...
Subject: [cip-discuss] CIP-00XX: One-Time Allocation of Historical Unclaimed Rewards to GSFHello,
Please find CIP-00XX: One-Time Allocation of Historical Unclaimed Rewards to GSF open for discussion.Full text below.
Summary
This proposal authorizes a one-time allocation of historical unclaimed rewards from the Canton validator reward pool to the Global Synchronizer Foundation (GSF). These funds compensate GSF for its critical contributions to the design, governance, and operational stability of the Global Synchronizer.
Motivation
GSF has played a foundational role in establishing and maintaining the systems that govern the Canton Network, including:
- Launching the legal entity, onboarding founding members, and establishing governance processes for the Global Synchronizer
- Defining and maintaining long-term technical roadmaps for protocol coordination
- Structuring pathways for meaningful community engagement and contribution
- Leading coordination and execution of Super Validator governance and network-wide decision-making
Scope and Exclusions
- Included:
- All unclaimed validator rewards as of the effective date of this proposal that are not explicitly reserved under any approved milestone-based SV reward schedule.
- At time of drafting this note, it is expected that 1.6 to 1.7 billion CC will transfer to the GSF from this action
- Excluded:
- Any future unclaimed rewards
- Rewards currently held in escrow or contractually earmarked for SV milestone-based delivery
Specification
- Recipient: Global Synchronizer Foundation Treasury (designated on-chain address)
- Transfer Mechanism: One-time disbursement authorized via governance
- Reference Date: Snapshot to be taken at a designated block height or timestamp to establish the reward pool eligible for reallocation
Actions
- IEU to calculate amount of unclaimed rewards to be assigned to the GSF as of a specific block height
- IEU to initiate on-chain process for GSF to mint unclaimed coins when ready
This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at http://www.digitalasset.com/emaildisclaimer.html. If you are not the intended recipient, please delete this message.
This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at http://www.digitalasset.com/emaildisclaimer.html. If you are not the intended recipient, please delete this message. - toggle quoted message Show quoted textAre there further details on why these were unclaimed/never earned?
Are there any alternate proposals for how the network could use these coins?On Thu, Jul 3, 2025 at 5:24 PM Eric Saraniecki via lists.sync.global <eric=digitalasset.com@...> wrote:Yes
On Jul 3, 2025, at 4:29 PM, James Lang via lists.sync.global <james=libertycityventures.com@...> wrote: As in never earned and allocated?
James LangManaging Director
On Jul 3, 2025, at 4:27 PM, Eric Saraniecki via lists.sync.global <eric=digitalasset.com@...> wrote:
Sit there
On Jul 3, 2025, at 3:56 PM, James Lang via lists.sync.global <james=libertycityventures.com@...> wrote:
What would happen to the unclaimed rewards in the absence of the proposed allocation?
From: cip-discuss@... <cip-discuss@...> On Behalf Of DrAmandaLMartin via lists.sync.global
Sent: Tuesday, July 1, 2025 6:33 PM
To: cip-discuss@...
Subject: [cip-discuss] CIP-00XX: One-Time Allocation of Historical Unclaimed Rewards to GSFHello,
Please find CIP-00XX: One-Time Allocation of Historical Unclaimed Rewards to GSF open for discussion.Full text below.
Summary
This proposal authorizes a one-time allocation of historical unclaimed rewards from the Canton validator reward pool to the Global Synchronizer Foundation (GSF). These funds compensate GSF for its critical contributions to the design, governance, and operational stability of the Global Synchronizer.
Motivation
GSF has played a foundational role in establishing and maintaining the systems that govern the Canton Network, including:
- Launching the legal entity, onboarding founding members, and establishing governance processes for the Global Synchronizer
- Defining and maintaining long-term technical roadmaps for protocol coordination
- Structuring pathways for meaningful community engagement and contribution
- Leading coordination and execution of Super Validator governance and network-wide decision-making
Scope and Exclusions
- Included:
- All unclaimed validator rewards as of the effective date of this proposal that are not explicitly reserved under any approved milestone-based SV reward schedule.
- At time of drafting this note, it is expected that 1.6 to 1.7 billion CC will transfer to the GSF from this action
- Excluded:
- Any future unclaimed rewards
- Rewards currently held in escrow or contractually earmarked for SV milestone-based delivery
Specification
- Recipient: Global Synchronizer Foundation Treasury (designated on-chain address)
- Transfer Mechanism: One-time disbursement authorized via governance
- Reference Date: Snapshot to be taken at a designated block height or timestamp to establish the reward pool eligible for reallocation
Actions
- IEU to calculate amount of unclaimed rewards to be assigned to the GSF as of a specific block height
- IEU to initiate on-chain process for GSF to mint unclaimed coins when ready
This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at http://www.digitalasset.com/emaildisclaimer.html. If you are not the intended recipient, please delete this message.
This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at http://www.digitalasset.com/emaildisclaimer.html. If you are not the intended recipient, please delete this message. - On Fri, Jul 4, 2025 at 07:12 AM, Noah Cornwall wrote:
Are there further details on why these were unclaimed/never earned?
Nearly all of this Canton Coin went unminted due to the caps on rewards for Validators and Applications that were in place during the first months of the network.
A small portion went unminted due to nodes missing rounds, but that's a tiny portion of the total. The rewards logic allows a node to mint Canton Coin only if it stays up and active from the start of the round until it mints the Coin.nYou can get a rough sense for by observing how many rounds are missed by various nodes; for example here:
https://explorer.canton.nodefortress.io/validators - toggle quoted message Show quoted text
A few questions:
- Is it possible for the Legal Committee to review this and sign off on it? Its probably helpful to create a list of all types of unclaimed rewards that would be in scope for them to consider.
- From a governance perspective, do you agree that the GSF should recuse themselves from votes on this topic?
- Can we add a process that includes a multi-factor confirmation of the on-chain address for the GSF? It should be provided prior to vote for review. I’d like to make sure everyone agrees the address included indeed belongs to GSF.
From: cip-discuss@... <cip-discuss@...> On Behalf Of Eric Saraniecki via lists.sync.global
Sent: Thursday, July 3, 2025 4:24 PM
To: cip-discuss@...
Cc: cip-discuss@...
Subject: [ext] Re: [cip-discuss] CIP-00XX: One-Time Allocation of Historical Unclaimed Rewards to GSFYes On Jul 3, 2025, at 4: 29 PM, James Lang via lists. sync. global <james=libertycityventures. com@ lists. sync. global> wrote: As in never earned and allocated? James Lang Managing Director On Jul 3, 2025, at 4: 27 PM, Eric Saraniecki via
Yes
On Jul 3, 2025, at 4:29 PM, James Lang via lists.sync.global <james=libertycityventures.com@...> wrote: As in never earned and allocated?
James Lang
Managing Director
On Jul 3, 2025, at 4:27 PM, Eric Saraniecki via lists.sync.global <eric=digitalasset.com@...> wrote:
Sit there
On Jul 3, 2025, at 3:56 PM, James Lang via lists.sync.global <james=libertycityventures.com@...> wrote:
What would happen to the unclaimed rewards in the absence of the proposed allocation?
From: cip-discuss@... <cip-discuss@...> On Behalf Of DrAmandaLMartin via lists.sync.global
Sent: Tuesday, July 1, 2025 6:33 PM
To: cip-discuss@...
Subject: [cip-discuss] CIP-00XX: One-Time Allocation of Historical Unclaimed Rewards to GSFHello,
Please find CIP-00XX: One-Time Allocation of Historical Unclaimed Rewards to GSF open for discussion.Full text below.
Summary
This proposal authorizes a one-time allocation of historical unclaimed rewards from the Canton validator reward pool to the Global Synchronizer Foundation (GSF). These funds compensate GSF for its critical contributions to the design, governance, and operational stability of the Global Synchronizer.
Motivation
GSF has played a foundational role in establishing and maintaining the systems that govern the Canton Network, including:
- Launching the legal entity, onboarding founding members, and establishing governance processes for the Global Synchronizer
- Defining and maintaining long-term technical roadmaps for protocol coordination
- Structuring pathways for meaningful community engagement and contribution
- Leading coordination and execution of Super Validator governance and network-wide decision-making
Scope and Exclusions
- Included:
- All unclaimed validator rewards as of the effective date of this proposal that are not explicitly reserved under any approved milestone-based SV reward schedule.
- At time of drafting this note, it is expected that 1.6 to 1.7 billion CC will transfer to the GSF from this action
- Excluded:
- Any future unclaimed rewards
- Rewards currently held in escrow or contractually earmarked for SV milestone-based delivery
Specification
- Recipient: Global Synchronizer Foundation Treasury (designated on-chain address)
- Transfer Mechanism: One-time disbursement authorized via governance
- Reference Date: Snapshot to be taken at a designated block height or timestamp to establish the reward pool eligible for reallocation
Actions
- IEU to calculate amount of unclaimed rewards to be assigned to the GSF as of a specific block height
- IEU to initiate on-chain process for GSF to mint unclaimed coins when ready
This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at http://www.digitalasset.com/emaildisclaimer.html. If you are not the intended recipient, please delete this message.
This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at http://www.digitalasset.com/emaildisclaimer.html. If you are not the intended recipient, please delete this message.
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- As discussed on the call today, please see the below for the updated draft CIP. It includes language in the "Specification" section pertaining to the verification of the party's delivery address and requirement for a test send prior to sending the full amount.Full text below.
Author: Eric W Saraniecki Status: Draft Type: Meta / Tokenomics Created: 2025-06-13 Approved: TBD License: CC0-1.0
Summary
This proposal authorizes a one-time allocation of historical unclaimed rewards from the Canton validator reward pool to the Global Synchronizer Foundation (GSF). These funds compensate GSF for its critical contributions to the design, governance, and operational stability of the Global Synchronizer.
Motivation
GSF has played a foundational role in establishing and maintaining the systems that govern the Canton Network, including:
-
Launching the legal entity, onboarding founding members, and establishing governance processes for the Global Synchronizer
-
Defining and maintaining long-term technical roadmaps for protocol coordination
-
Structuring pathways for meaningful community engagement and contribution
-
Leading coordination and execution of Super Validator governance and network-wide decision-making
Scope and Exclusions
-
Included:
-
All unclaimed validator rewards as of the effective date of this proposal that are not explicitly reserved under any approved milestone-based SV reward schedule.
-
At time of drafting this note, it is expected that 1.6 to 1.7 billion CC will transfer to the GSF from this action
-
Excluded:
-
Any future unclaimed rewards
-
Rewards currently held in escrow or contractually earmarked for SV milestone-based delivery
Specification
-
Recipient: Global Synchronizer Foundation Treasury (designated on-chain address)
- The Global Synchronizer Foundation to supply the appropriate on-chain address for delivery, the GSF Tokenomics Committee to verify the address prior to the transfer.
-
Transfer Mechanism: One-time disbursement authorized via governance
- Prior to initiating any send of assets, the GSF Tokenomics committee must manually review the designated address and confirm it is accurate.
- The GSF Tokenomics Committee to leverage best practices for the relevant disbursement which shall include:
- At least one successfully completed de minimis sized transfer from the unclaimed pool to the designated Global Synchronizer Foundation address. Any such test transfer must be confirmed to have been properly received by the designated address. Any failures for this test send must be resolved and subsequently successfully retested before sending the full balance.
- Upon successfully completely a test transfer as described above, the remaining balance may be sent to the designated address.
- The Global Synchronizer Foundation and GSF Tokenomics committee independently confirm the expected CC have been received.
-
Reference Date: Snapshot to be taken at a designated block height or timestamp to establish the reward pool eligible for reallocation
Actions
-
IEU to calculate amount of unclaimed rewards to be assigned to the GSF as of a specific block height
-
IEU to initiate on-chain process for GSF to mint unclaimed coins when ready
-
- toggle quoted message Show quoted text
Thank you Chris.
7RIDGE/C7 is in favour and happy to sponsor if needed.
Veronica
V E R O N I C A A U G U S T S S O N / P A R T N E R
7RIDGE IS A PRIVATE MARKETS ASSET MANAGER INVESTED IN TRANSFORMATIVE TECHNOLOGY FOR FINANCIAL SERVICES TO POWER THE GLOBAL ECONOMY Signature for V e r o n i c a A u g u s t s s o n From: cip-discuss@... <cip-discuss@...> On Behalf Of Chris Zuehlke via lists.sync.global
Sent: Wednesday, 9 July 2025 21:56
To: cip-discuss@...
Subject: Re: [cip-discuss] CIP-00XX: One-Time Allocation of Historical Unclaimed Rewards to GSFAs discussed on the call today, please see the below for the updated draft CIP. It includes language in the "Specification" section pertaining to the verification of the party's delivery address and requirement for a test send prior to sending the full amount.
Full text below.
Author: Eric W SaranieckiStatus: DraftType: Meta / TokenomicsCreated: 2025-06-13Approved: TBDLicense: CC0-1.0Summary
This proposal authorizes a one-time allocation of historical unclaimed rewards from the Canton validator reward pool to the Global Synchronizer Foundation (GSF). These funds compensate GSF for its critical contributions to the design, governance, and operational stability of the Global Synchronizer.
Motivation
GSF has played a foundational role in establishing and maintaining the systems that govern the Canton Network, including:
- Launching the legal entity, onboarding founding members, and establishing governance processes for the Global Synchronizer
- Defining and maintaining long-term technical roadmaps for protocol coordination
- Structuring pathways for meaningful community engagement and contribution
- Leading coordination and execution of Super Validator governance and network-wide decision-making
Scope and Exclusions
- Included:
- All unclaimed validator rewards as of the effective date of this proposal that are not explicitly reserved under any approved milestone-based SV reward schedule.
- At time of drafting this note, it is expected that 1.6 to 1.7 billion CC will transfer to the GSF from this action
- Excluded:
- Any future unclaimed rewards
- Rewards currently held in escrow or contractually earmarked for SV milestone-based delivery
Specification
- Recipient: Global Synchronizer Foundation Treasury (designated on-chain address)
- The Global Synchronizer Foundation to supply the appropriate on-chain address for delivery, the GSF Tokenomics Committee to verify the address prior to the transfer.
- Transfer Mechanism: One-time disbursement authorized via governance
- Prior to initiating any send of assets, the GSF Tokenomics committee must manually review the designated address and confirm it is accurate.
- The GSF Tokenomics Committee to leverage best practices for the relevant disbursement which shall include:
- At least one successfully completed de minimis sized transfer from the unclaimed pool to the designated Global Synchronizer Foundation address. Any such test transfer must be confirmed to have been properly received by the designated address. Any failures for this test send must be resolved and subsequently successfully retested before sending the full balance.
- Upon successfully completely a test transfer as described above, the remaining balance may be sent to the designated address.
- The Global Synchronizer Foundation and GSF Tokenomics committee independently confirm the expected CC have been received.
- Reference Date: Snapshot to be taken at a designated block height or timestamp to establish the reward pool eligible for reallocation
Actions
- IEU to calculate amount of unclaimed rewards to be assigned to the GSF as of a specific block height
- IEU to initiate on-chain process for GSF to mint unclaimed coins when ready
- toggle quoted message Show quoted textFive North in favor as well and happy to sponsor/endorse as well.Y.On Thu, Jul 10, 2025 at 10:44 Veronica Augustsson via lists.sync.global <veronica=7ridge.com@...> wrote:
Thank you Chris.
7RIDGE/C7 is in favour and happy to sponsor if needed.
Veronica
V E R O N I C A A U G U S T S S O N / P A R T N E R
7RIDGE IS A PRIVATE MARKETS ASSET MANAGER INVESTED IN TRANSFORMATIVE TECHNOLOGY FOR FINANCIAL SERVICES TO POWER THE GLOBAL ECONOMY Signature for V e r o n i c a A u g u s t s s o n From: cip-discuss@... <cip-discuss@...> On Behalf Of Chris Zuehlke via lists.sync.global
Sent: Wednesday, 9 July 2025 21:56
To: cip-discuss@...
Subject: Re: [cip-discuss] CIP-00XX: One-Time Allocation of Historical Unclaimed Rewards to GSFAs discussed on the call today, please see the below for the updated draft CIP. It includes language in the "Specification" section pertaining to the verification of the party's delivery address and requirement for a test send prior to sending the full amount.
Full text below.
Author: Eric W SaranieckiStatus: DraftType: Meta / TokenomicsCreated: 2025-06-13Approved: TBDLicense: CC0-1.0Summary
This proposal authorizes a one-time allocation of historical unclaimed rewards from the Canton validator reward pool to the Global Synchronizer Foundation (GSF). These funds compensate GSF for its critical contributions to the design, governance, and operational stability of the Global Synchronizer.
Motivation
GSF has played a foundational role in establishing and maintaining the systems that govern the Canton Network, including:
- Launching the legal entity, onboarding founding members, and establishing governance processes for the Global Synchronizer
- Defining and maintaining long-term technical roadmaps for protocol coordination
- Structuring pathways for meaningful community engagement and contribution
- Leading coordination and execution of Super Validator governance and network-wide decision-making
Scope and Exclusions
- Included:
- All unclaimed validator rewards as of the effective date of this proposal that are not explicitly reserved under any approved milestone-based SV reward schedule.
- At time of drafting this note, it is expected that 1.6 to 1.7 billion CC will transfer to the GSF from this action
- Excluded:
- Any future unclaimed rewards
- Rewards currently held in escrow or contractually earmarked for SV milestone-based delivery
Specification
- Recipient: Global Synchronizer Foundation Treasury (designated on-chain address)
- The Global Synchronizer Foundation to supply the appropriate on-chain address for delivery, the GSF Tokenomics Committee to verify the address prior to the transfer.
- Transfer Mechanism: One-time disbursement authorized via governance
- Prior to initiating any send of assets, the GSF Tokenomics committee must manually review the designated address and confirm it is accurate.
- The GSF Tokenomics Committee to leverage best practices for the relevant disbursement which shall include:
- At least one successfully completed de minimis sized transfer from the unclaimed pool to the designated Global Synchronizer Foundation address. Any such test transfer must be confirmed to have been properly received by the designated address. Any failures for this test send must be resolved and subsequently successfully retested before sending the full balance.
- Upon successfully completely a test transfer as described above, the remaining balance may be sent to the designated address.
- The Global Synchronizer Foundation and GSF Tokenomics committee independently confirm the expected CC have been received.
- Reference Date: Snapshot to be taken at a designated block height or timestamp to establish the reward pool eligible for reallocation
Actions
- IEU to calculate amount of unclaimed rewards to be assigned to the GSF as of a specific block height
- IEU to initiate on-chain process for GSF to mint unclaimed coins when ready
- I believe that we are awaiting an answer as to other options. This is at current prices a )toggle quoted message Show quoted text$100 million allocation. Alternatives could include adding back to the SV reward pool. These were rewards that all SVs expected to earn. In the event a decision is made to grant to the foundation, perhaps the resolution should specify items like how the Canton could be spent, lock up period. For example, 80% of the Canton Coin could be earmarked for ecosystem grants. Further in return for this allocation perhaps GSF annual membership fees could be eliminated for the current members eligible to vote.
James LangManaging Director
On Jul 10, 2025, at 6:34 AM, Yiannis Varelas via lists.sync.global <y=fivenorth.io@...> wrote:
Five North in favor as well and happy to sponsor/endorse as well.
Y.
On Thu, Jul 10, 2025 at 10:44 Veronica Augustsson via lists.sync.global <veronica=7ridge.com@...> wrote:
Thank you Chris.
7RIDGE/C7 is in favour and happy to sponsor if needed.
Veronica
V E R O N I C A A U G U S T S S O N / P A R T N E R
<image100723.png>7RIDGE IS A PRIVATE MARKETS ASSET MANAGER INVESTED IN TRANSFORMATIVE TECHNOLOGY FOR FINANCIAL SERVICES TO POWER THE GLOBAL ECONOMY
Signature for V e r o n i c a A u g u s t s s o n
From: cip-discuss@... <cip-discuss@...> On Behalf Of Chris Zuehlke via lists.sync.global
Sent: Wednesday, 9 July 2025 21:56
To: cip-discuss@...
Subject: Re: [cip-discuss] CIP-00XX: One-Time Allocation of Historical Unclaimed Rewards to GSFAs discussed on the call today, please see the below for the updated draft CIP. It includes language in the "Specification" section pertaining to the verification of the party's delivery address and requirement for a test send prior to sending the full amount.
Full text below.
Author: Eric W SaranieckiStatus: DraftType: Meta / TokenomicsCreated: 2025-06-13Approved: TBDLicense: CC0-1.0Summary
This proposal authorizes a one-time allocation of historical unclaimed rewards from the Canton validator reward pool to the Global Synchronizer Foundation (GSF). These funds compensate GSF for its critical contributions to the design, governance, and operational stability of the Global Synchronizer.
Motivation
GSF has played a foundational role in establishing and maintaining the systems that govern the Canton Network, including:
- Launching the legal entity, onboarding founding members, and establishing governance processes for the Global Synchronizer
- Defining and maintaining long-term technical roadmaps for protocol coordination
- Structuring pathways for meaningful community engagement and contribution
- Leading coordination and execution of Super Validator governance and network-wide decision-making
Scope and Exclusions
- Included:
- All unclaimed validator rewards as of the effective date of this proposal that are not explicitly reserved under any approved milestone-based SV reward schedule.
- At time of drafting this note, it is expected that 1.6 to 1.7 billion CC will transfer to the GSF from this action
- Excluded:
- Any future unclaimed rewards
- Rewards currently held in escrow or contractually earmarked for SV milestone-based delivery
Specification
- Recipient: Global Synchronizer Foundation Treasury (designated on-chain address)
- The Global Synchronizer Foundation to supply the appropriate on-chain address for delivery, the GSF Tokenomics Committee to verify the address prior to the transfer.
- Transfer Mechanism: One-time disbursement authorized via governance
- Prior to initiating any send of assets, the GSF Tokenomics committee must manually review the designated address and confirm it is accurate.
- The GSF Tokenomics Committee to leverage best practices for the relevant disbursement which shall include:
- At least one successfully completed de minimis sized transfer from the unclaimed pool to the designated Global Synchronizer Foundation address. Any such test transfer must be confirmed to have been properly received by the designated address. Any failures for this test send must be resolved and subsequently successfully retested before sending the full balance.
- Upon successfully completely a test transfer as described above, the remaining balance may be sent to the designated address.
- The Global Synchronizer Foundation and GSF Tokenomics committee independently confirm the expected CC have been received.
- Reference Date: Snapshot to be taken at a designated block height or timestamp to establish the reward pool eligible for reallocation
Actions
- IEU to calculate amount of unclaimed rewards to be assigned to the GSF as of a specific block height
- IEU to initiate on-chain process for GSF to mint unclaimed coins when ready
- toggle quoted message Show quoted textThe SVs were never expected to earn these rewardsI am opposed to specifying how the GSF would use themOn Jul 10, 2025, at 7:27 AM, James Lang via lists.sync.global <james=libertycityventures.com@...> wrote: I believe that we are awaiting an answer as to other options. This is at current prices a )$100 million allocation. Alternatives could include adding back to the SV reward pool. These were rewards that all SVs expected to earn. In the event a decision is made to grant to the foundation, perhaps the resolution should specify items like how the Canton could be spent, lock up period. For example, 80% of the Canton Coin could be earmarked for ecosystem grants. Further in return for this allocation perhaps GSF annual membership fees could be eliminated for the current members eligible to vote.
James LangManaging Director
On Jul 10, 2025, at 6:34 AM, Yiannis Varelas via lists.sync.global <y=fivenorth.io@...> wrote:
Five North in favor as well and happy to sponsor/endorse as well.
Y.
On Thu, Jul 10, 2025 at 10:44 Veronica Augustsson via lists.sync.global <veronica=7ridge.com@...> wrote:
Thank you Chris.
7RIDGE/C7 is in favour and happy to sponsor if needed.
Veronica
V E R O N I C A A U G U S T S S O N / P A R T N E R
<image100723.png>7RIDGE IS A PRIVATE MARKETS ASSET MANAGER INVESTED IN TRANSFORMATIVE TECHNOLOGY FOR FINANCIAL SERVICES TO POWER THE GLOBAL ECONOMY
Signature for V e r o n i c a A u g u s t s s o n
From: cip-discuss@... <cip-discuss@...> On Behalf Of Chris Zuehlke via lists.sync.global
Sent: Wednesday, 9 July 2025 21:56
To: cip-discuss@...
Subject: Re: [cip-discuss] CIP-00XX: One-Time Allocation of Historical Unclaimed Rewards to GSFAs discussed on the call today, please see the below for the updated draft CIP. It includes language in the "Specification" section pertaining to the verification of the party's delivery address and requirement for a test send prior to sending the full amount.
Full text below.
Author: Eric W SaranieckiStatus: DraftType: Meta / TokenomicsCreated: 2025-06-13Approved: TBDLicense: CC0-1.0Summary
This proposal authorizes a one-time allocation of historical unclaimed rewards from the Canton validator reward pool to the Global Synchronizer Foundation (GSF). These funds compensate GSF for its critical contributions to the design, governance, and operational stability of the Global Synchronizer.
Motivation
GSF has played a foundational role in establishing and maintaining the systems that govern the Canton Network, including:
- Launching the legal entity, onboarding founding members, and establishing governance processes for the Global Synchronizer
- Defining and maintaining long-term technical roadmaps for protocol coordination
- Structuring pathways for meaningful community engagement and contribution
- Leading coordination and execution of Super Validator governance and network-wide decision-making
Scope and Exclusions
- Included:
- All unclaimed validator rewards as of the effective date of this proposal that are not explicitly reserved under any approved milestone-based SV reward schedule.
- At time of drafting this note, it is expected that 1.6 to 1.7 billion CC will transfer to the GSF from this action
- Excluded:
- Any future unclaimed rewards
- Rewards currently held in escrow or contractually earmarked for SV milestone-based delivery
Specification
- Recipient: Global Synchronizer Foundation Treasury (designated on-chain address)
- The Global Synchronizer Foundation to supply the appropriate on-chain address for delivery, the GSF Tokenomics Committee to verify the address prior to the transfer.
- Transfer Mechanism: One-time disbursement authorized via governance
- Prior to initiating any send of assets, the GSF Tokenomics committee must manually review the designated address and confirm it is accurate.
- The GSF Tokenomics Committee to leverage best practices for the relevant disbursement which shall include:
- At least one successfully completed de minimis sized transfer from the unclaimed pool to the designated Global Synchronizer Foundation address. Any such test transfer must be confirmed to have been properly received by the designated address. Any failures for this test send must be resolved and subsequently successfully retested before sending the full balance.
- Upon successfully completely a test transfer as described above, the remaining balance may be sent to the designated address.
- The Global Synchronizer Foundation and GSF Tokenomics committee independently confirm the expected CC have been received.
- Reference Date: Snapshot to be taken at a designated block height or timestamp to establish the reward pool eligible for reallocation
Actions
- IEU to calculate amount of unclaimed rewards to be assigned to the GSF as of a specific block height
- IEU to initiate on-chain process for GSF to mint unclaimed coins when ready
<image100723.png>
This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at http://www.digitalasset.com/emaildisclaimer.html. If you are not the intended recipient, please delete this message. - toggle quoted message Show quoted text
From: cip-discuss@... <cip-discuss@...> on behalf of Eric Saraniecki via lists.sync.global <eric=digitalasset.com@...>
Sent: Thursday, July 10, 2025 7:46:14 AM
To: cip-discuss@... <cip-discuss@...>
Cc: cip-discuss@... <cip-discuss@...>
Subject: Re: [cip-discuss] CIP-00XX: One-Time Allocation of Historical Unclaimed Rewards to GSFThe SVs were never expected to earn these rewards
I am opposed to specifying how the GSF would use them
On Jul 10, 2025, at 7:27 AM, James Lang via lists.sync.global <james=libertycityventures.com@...> wrote:
I believe that we are awaiting an answer as to other options. This is at current prices a )$100 million allocation. Alternatives could include adding back to the SV reward pool. These were rewards that all SVs expected to earn. In the event a decision is made to grant to the foundation, perhaps the resolution should specify items like how the Canton could be spent, lock up period. For example, 80% of the Canton Coin could be earmarked for ecosystem grants. Further in return for this allocation perhaps GSF annual membership fees could be eliminated for the current members eligible to vote.
James LangManaging Director
On Jul 10, 2025, at 6:34 AM, Yiannis Varelas via lists.sync.global <y=fivenorth.io@...> wrote:
Five North in favor as well and happy to sponsor/endorse as well.
Y.
On Thu, Jul 10, 2025 at 10:44 Veronica Augustsson via lists.sync.global <veronica=7ridge.com@...> wrote:
Thank you Chris.
7RIDGE/C7 is in favour and happy to sponsor if needed.
Veronica
V E R O N I C A A U G U S T S S O N / P A R T N E R
<image100723.png>7RIDGE IS A PRIVATE MARKETS ASSET MANAGER INVESTED IN TRANSFORMATIVE TECHNOLOGY FOR FINANCIAL SERVICES TO POWER THE GLOBAL ECONOMY
Signature for V e r o n i c a A u g u s t s s o n
From: cip-discuss@... <cip-discuss@...> On Behalf Of Chris Zuehlke via lists.sync.global
Sent: Wednesday, 9 July 2025 21:56
To: cip-discuss@...
Subject: Re: [cip-discuss] CIP-00XX: One-Time Allocation of Historical Unclaimed Rewards to GSFAs discussed on the call today, please see the below for the updated draft CIP. It includes language in the "Specification" section pertaining to the verification of the party's delivery address and requirement for a test send prior to sending the full amount.
Full text below.
Author: Eric W SaranieckiStatus: DraftType: Meta / TokenomicsCreated: 2025-06-13Approved: TBDLicense: CC0-1.0Summary
This proposal authorizes a one-time allocation of historical unclaimed rewards from the Canton validator reward pool to the Global Synchronizer Foundation (GSF). These funds compensate GSF for its critical contributions to the design, governance, and operational stability of the Global Synchronizer.
Motivation
GSF has played a foundational role in establishing and maintaining the systems that govern the Canton Network, including:
- Launching the legal entity, onboarding founding members, and establishing governance processes for the Global Synchronizer
- Defining and maintaining long-term technical roadmaps for protocol coordination
- Structuring pathways for meaningful community engagement and contribution
- Leading coordination and execution of Super Validator governance and network-wide decision-making
Scope and Exclusions
- Included:
- All unclaimed validator rewards as of the effective date of this proposal that are not explicitly reserved under any approved milestone-based SV reward schedule.
- At time of drafting this note, it is expected that 1.6 to 1.7 billion CC will transfer to the GSF from this action
- Excluded:
- Any future unclaimed rewards
- Rewards currently held in escrow or contractually earmarked for SV milestone-based delivery
Specification
- Recipient: Global Synchronizer Foundation Treasury (designated on-chain address)
- The Global Synchronizer Foundation to supply the appropriate on-chain address for delivery, the GSF Tokenomics Committee to verify the address prior to the transfer.
- Transfer Mechanism: One-time disbursement authorized via governance
- Prior to initiating any send of assets, the GSF Tokenomics committee must manually review the designated address and confirm it is accurate.
- The GSF Tokenomics Committee to leverage best practices for the relevant disbursement which shall include:
- At least one successfully completed de minimis sized transfer from the unclaimed pool to the designated Global Synchronizer Foundation address. Any such test transfer must be confirmed to have been properly received by the designated address. Any failures for this test send must be resolved and subsequently successfully retested before sending the full balance.
- Upon successfully completely a test transfer as described above, the remaining balance may be sent to the designated address.
- The Global Synchronizer Foundation and GSF Tokenomics committee independently confirm the expected CC have been received.
- Reference Date: Snapshot to be taken at a designated block height or timestamp to establish the reward pool eligible for reallocation
Actions
- IEU to calculate amount of unclaimed rewards to be assigned to the GSF as of a specific block height
- IEU to initiate on-chain process for GSF to mint unclaimed coins when ready
<image100723.png>
This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at http://www.digitalasset.com/emaildisclaimer.html. If you are not the intended recipient, please delete this message. - toggle quoted message Show quoted textunearned - Validator and App rewardsOn Thu, Jul 10, 2025 at 7:48 AM James Lang via lists.sync.global <james=libertycityventures.com@...> wrote:Which pool are the unallocated Canton from then?
Get Outlook for iOS
From: cip-discuss@... <cip-discuss@...> on behalf of Eric Saraniecki via lists.sync.global <eric=digitalasset.com@...>
Sent: Thursday, July 10, 2025 7:46:14 AM
To: cip-discuss@... <cip-discuss@...>
Cc: cip-discuss@... <cip-discuss@...>
Subject: Re: [cip-discuss] CIP-00XX: One-Time Allocation of Historical Unclaimed Rewards to GSFThe SVs were never expected to earn these rewards
I am opposed to specifying how the GSF would use them
On Jul 10, 2025, at 7:27 AM, James Lang via lists.sync.global <james=libertycityventures.com@...> wrote:
I believe that we are awaiting an answer as to other options. This is at current prices a )$100 million allocation. Alternatives could include adding back to the SV reward pool. These were rewards that all SVs expected to earn. In the event a decision is made to grant to the foundation, perhaps the resolution should specify items like how the Canton could be spent, lock up period. For example, 80% of the Canton Coin could be earmarked for ecosystem grants. Further in return for this allocation perhaps GSF annual membership fees could be eliminated for the current members eligible to vote.
James LangManaging Director
On Jul 10, 2025, at 6:34 AM, Yiannis Varelas via lists.sync.global <y=fivenorth.io@...> wrote:
Five North in favor as well and happy to sponsor/endorse as well.
Y.
On Thu, Jul 10, 2025 at 10:44 Veronica Augustsson via lists.sync.global <veronica=7ridge.com@...> wrote:
Thank you Chris.
7RIDGE/C7 is in favour and happy to sponsor if needed.
Veronica
V E R O N I C A A U G U S T S S O N / P A R T N E R
<image100723.png>7RIDGE IS A PRIVATE MARKETS ASSET MANAGER INVESTED IN TRANSFORMATIVE TECHNOLOGY FOR FINANCIAL SERVICES TO POWER THE GLOBAL ECONOMY
Signature for V e r o n i c a A u g u s t s s o n
From: cip-discuss@... <cip-discuss@...> On Behalf Of Chris Zuehlke via lists.sync.global
Sent: Wednesday, 9 July 2025 21:56
To: cip-discuss@...
Subject: Re: [cip-discuss] CIP-00XX: One-Time Allocation of Historical Unclaimed Rewards to GSFAs discussed on the call today, please see the below for the updated draft CIP. It includes language in the "Specification" section pertaining to the verification of the party's delivery address and requirement for a test send prior to sending the full amount.
Full text below.
Author: Eric W SaranieckiStatus: DraftType: Meta / TokenomicsCreated: 2025-06-13Approved: TBDLicense: CC0-1.0Summary
This proposal authorizes a one-time allocation of historical unclaimed rewards from the Canton validator reward pool to the Global Synchronizer Foundation (GSF). These funds compensate GSF for its critical contributions to the design, governance, and operational stability of the Global Synchronizer.
Motivation
GSF has played a foundational role in establishing and maintaining the systems that govern the Canton Network, including:
- Launching the legal entity, onboarding founding members, and establishing governance processes for the Global Synchronizer
- Defining and maintaining long-term technical roadmaps for protocol coordination
- Structuring pathways for meaningful community engagement and contribution
- Leading coordination and execution of Super Validator governance and network-wide decision-making
Scope and Exclusions
- Included:
- All unclaimed validator rewards as of the effective date of this proposal that are not explicitly reserved under any approved milestone-based SV reward schedule.
- At time of drafting this note, it is expected that 1.6 to 1.7 billion CC will transfer to the GSF from this action
- Excluded:
- Any future unclaimed rewards
- Rewards currently held in escrow or contractually earmarked for SV milestone-based delivery
Specification
- Recipient: Global Synchronizer Foundation Treasury (designated on-chain address)
- The Global Synchronizer Foundation to supply the appropriate on-chain address for delivery, the GSF Tokenomics Committee to verify the address prior to the transfer.
- Transfer Mechanism: One-time disbursement authorized via governance
- Prior to initiating any send of assets, the GSF Tokenomics committee must manually review the designated address and confirm it is accurate.
- The GSF Tokenomics Committee to leverage best practices for the relevant disbursement which shall include:
- At least one successfully completed de minimis sized transfer from the unclaimed pool to the designated Global Synchronizer Foundation address. Any such test transfer must be confirmed to have been properly received by the designated address. Any failures for this test send must be resolved and subsequently successfully retested before sending the full balance.
- Upon successfully completely a test transfer as described above, the remaining balance may be sent to the designated address.
- The Global Synchronizer Foundation and GSF Tokenomics committee independently confirm the expected CC have been received.
- Reference Date: Snapshot to be taken at a designated block height or timestamp to establish the reward pool eligible for reallocation
Actions
- IEU to calculate amount of unclaimed rewards to be assigned to the GSF as of a specific block height
- IEU to initiate on-chain process for GSF to mint unclaimed coins when ready
<image100723.png>
This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at http://www.digitalasset.com/emaildisclaimer.html. If you are not the intended recipient, please delete this message.--
This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at http://www.digitalasset.com/emaildisclaimer.html. If you are not the intended recipient, please delete this message. - So would it be an option to reset and reallocate the Canton Coin to those pools in order to incentivize participation? I know that there is a waitlist for validators. Refreshing these pools might allow those in the queue and those not yet in the queue to be rewarded for waiting to join the network, that is not miss out on allocations due to delayed onboarding. It would be a message that it is not too late to join.toggle quoted message Show quoted text
James LangManaging Director
On Jul 10, 2025, at 8:24 AM, Eric Saraniecki via lists.sync.global <eric=digitalasset.com@...> wrote:
unearned - Validator and App rewards
On Thu, Jul 10, 2025 at 7:48 AM James Lang via lists.sync.global <james=libertycityventures.com@...> wrote:
Which pool are the unallocated Canton from then?
Get Outlook for iOS
From: cip-discuss@... <cip-discuss@...> on behalf of Eric Saraniecki via lists.sync.global <eric=digitalasset.com@...>
Sent: Thursday, July 10, 2025 7:46:14 AM
To: cip-discuss@... <cip-discuss@...>
Cc: cip-discuss@... <cip-discuss@...>
Subject: Re: [cip-discuss] CIP-00XX: One-Time Allocation of Historical Unclaimed Rewards to GSFThe SVs were never expected to earn these rewards
I am opposed to specifying how the GSF would use them
On Jul 10, 2025, at 7:27 AM, James Lang via lists.sync.global <james=libertycityventures.com@...> wrote:
I believe that we are awaiting an answer as to other options. This is at current prices a )$100 million allocation. Alternatives could include adding back to the SV reward pool. These were rewards that all SVs expected to earn. In the event a decision is made to grant to the foundation, perhaps the resolution should specify items like how the Canton could be spent, lock up period. For example, 80% of the Canton Coin could be earmarked for ecosystem grants. Further in return for this allocation perhaps GSF annual membership fees could be eliminated for the current members eligible to vote.
James LangManaging Director
On Jul 10, 2025, at 6:34 AM, Yiannis Varelas via lists.sync.global <y=fivenorth.io@...> wrote:
Five North in favor as well and happy to sponsor/endorse as well.
Y.
On Thu, Jul 10, 2025 at 10:44 Veronica Augustsson via lists.sync.global <veronica=7ridge.com@...> wrote:
Thank you Chris.
7RIDGE/C7 is in favour and happy to sponsor if needed.
Veronica
V E R O N I C A A U G U S T S S O N / P A R T N E R
<image100723.png>7RIDGE IS A PRIVATE MARKETS ASSET MANAGER INVESTED IN TRANSFORMATIVE TECHNOLOGY FOR FINANCIAL SERVICES TO POWER THE GLOBAL ECONOMY
Signature for V e r o n i c a A u g u s t s s o n
From: cip-discuss@... <cip-discuss@...> On Behalf Of Chris Zuehlke via lists.sync.global
Sent: Wednesday, 9 July 2025 21:56
To: cip-discuss@...
Subject: Re: [cip-discuss] CIP-00XX: One-Time Allocation of Historical Unclaimed Rewards to GSFAs discussed on the call today, please see the below for the updated draft CIP. It includes language in the "Specification" section pertaining to the verification of the party's delivery address and requirement for a test send prior to sending the full amount.
Full text below.
Author: Eric W SaranieckiStatus: DraftType: Meta / TokenomicsCreated: 2025-06-13Approved: TBDLicense: CC0-1.0Summary
This proposal authorizes a one-time allocation of historical unclaimed rewards from the Canton validator reward pool to the Global Synchronizer Foundation (GSF). These funds compensate GSF for its critical contributions to the design, governance, and operational stability of the Global Synchronizer.
Motivation
GSF has played a foundational role in establishing and maintaining the systems that govern the Canton Network, including:
- Launching the legal entity, onboarding founding members, and establishing governance processes for the Global Synchronizer
- Defining and maintaining long-term technical roadmaps for protocol coordination
- Structuring pathways for meaningful community engagement and contribution
- Leading coordination and execution of Super Validator governance and network-wide decision-making
Scope and Exclusions
- Included:
- All unclaimed validator rewards as of the effective date of this proposal that are not explicitly reserved under any approved milestone-based SV reward schedule.
- At time of drafting this note, it is expected that 1.6 to 1.7 billion CC will transfer to the GSF from this action
- Excluded:
- Any future unclaimed rewards
- Rewards currently held in escrow or contractually earmarked for SV milestone-based delivery
Specification
- Recipient: Global Synchronizer Foundation Treasury (designated on-chain address)
- The Global Synchronizer Foundation to supply the appropriate on-chain address for delivery, the GSF Tokenomics Committee to verify the address prior to the transfer.
- Transfer Mechanism: One-time disbursement authorized via governance
- Prior to initiating any send of assets, the GSF Tokenomics committee must manually review the designated address and confirm it is accurate.
- The GSF Tokenomics Committee to leverage best practices for the relevant disbursement which shall include:
- At least one successfully completed de minimis sized transfer from the unclaimed pool to the designated Global Synchronizer Foundation address. Any such test transfer must be confirmed to have been properly received by the designated address. Any failures for this test send must be resolved and subsequently successfully retested before sending the full balance.
- Upon successfully completely a test transfer as described above, the remaining balance may be sent to the designated address.
- The Global Synchronizer Foundation and GSF Tokenomics committee independently confirm the expected CC have been received.
- Reference Date: Snapshot to be taken at a designated block height or timestamp to establish the reward pool eligible for reallocation
Actions
- IEU to calculate amount of unclaimed rewards to be assigned to the GSF as of a specific block height
- IEU to initiate on-chain process for GSF to mint unclaimed coins when ready
<image100723.png>
This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at http://www.digitalasset.com/emaildisclaimer.html. If you are not the intended recipient, please delete this message.
--
This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at http://www.digitalasset.com/emaildisclaimer.html. If you are not the intended recipient, please delete this message. - I would also advice against specifying how the GSF should manage these coins. Their whole purpose is to do what is best for the ecosystem already to the benefit of all.
Veronica
- toggle quoted message Show quoted textMany of these people on the validator wait list are really just trying to farm rewards and not actually contribute much to the network.Giving more rewards to validators is a bit counter to some of the other proposals we have been working on to encourage more real behavior.I would rather see the GSF receive these tokens and am favor of Chris’s proposal.On Thu, Jul 10, 2025 at 8:43 AM James Lang via lists.sync.global <james=libertycityventures.com@...> wrote:So would it be an option to reset and reallocate the Canton Coin to those pools in order to incentivize participation? I know that there is a waitlist for validators. Refreshing these pools might allow those in the queue and those not yet in the queue to be rewarded for waiting to join the network, that is not miss out on allocations due to delayed onboarding. It would be a message that it is not too late to join.
James LangManaging Director
On Jul 10, 2025, at 8:24 AM, Eric Saraniecki via lists.sync.global <eric=digitalasset.com@...> wrote:
unearned - Validator and App rewards
On Thu, Jul 10, 2025 at 7:48 AM James Lang via lists.sync.global <james=libertycityventures.com@...> wrote:
Which pool are the unallocated Canton from then?
Get Outlook for iOS
From: cip-discuss@... <cip-discuss@...> on behalf of Eric Saraniecki via lists.sync.global <eric=digitalasset.com@...>
Sent: Thursday, July 10, 2025 7:46:14 AM
To: cip-discuss@... <cip-discuss@...>
Cc: cip-discuss@... <cip-discuss@...>
Subject: Re: [cip-discuss] CIP-00XX: One-Time Allocation of Historical Unclaimed Rewards to GSFThe SVs were never expected to earn these rewards
I am opposed to specifying how the GSF would use them
On Jul 10, 2025, at 7:27 AM, James Lang via lists.sync.global <james=libertycityventures.com@...> wrote:
I believe that we are awaiting an answer as to other options. This is at current prices a )$100 million allocation. Alternatives could include adding back to the SV reward pool. These were rewards that all SVs expected to earn. In the event a decision is made to grant to the foundation, perhaps the resolution should specify items like how the Canton could be spent, lock up period. For example, 80% of the Canton Coin could be earmarked for ecosystem grants. Further in return for this allocation perhaps GSF annual membership fees could be eliminated for the current members eligible to vote.
James LangManaging Director
On Jul 10, 2025, at 6:34 AM, Yiannis Varelas via lists.sync.global <y=fivenorth.io@...> wrote:
Five North in favor as well and happy to sponsor/endorse as well.
Y.
On Thu, Jul 10, 2025 at 10:44 Veronica Augustsson via lists.sync.global <veronica=7ridge.com@...> wrote:
Thank you Chris.
7RIDGE/C7 is in favour and happy to sponsor if needed.
Veronica
V E R O N I C A A U G U S T S S O N / P A R T N E R
<image100723.png>7RIDGE IS A PRIVATE MARKETS ASSET MANAGER INVESTED IN TRANSFORMATIVE TECHNOLOGY FOR FINANCIAL SERVICES TO POWER THE GLOBAL ECONOMY
Signature for V e r o n i c a A u g u s t s s o n
From: cip-discuss@... <cip-discuss@...> On Behalf Of Chris Zuehlke via lists.sync.global
Sent: Wednesday, 9 July 2025 21:56
To: cip-discuss@...
Subject: Re: [cip-discuss] CIP-00XX: One-Time Allocation of Historical Unclaimed Rewards to GSFAs discussed on the call today, please see the below for the updated draft CIP. It includes language in the "Specification" section pertaining to the verification of the party's delivery address and requirement for a test send prior to sending the full amount.
Full text below.
Author: Eric W SaranieckiStatus: DraftType: Meta / TokenomicsCreated: 2025-06-13Approved: TBDLicense: CC0-1.0Summary
This proposal authorizes a one-time allocation of historical unclaimed rewards from the Canton validator reward pool to the Global Synchronizer Foundation (GSF). These funds compensate GSF for its critical contributions to the design, governance, and operational stability of the Global Synchronizer.
Motivation
GSF has played a foundational role in establishing and maintaining the systems that govern the Canton Network, including:
- Launching the legal entity, onboarding founding members, and establishing governance processes for the Global Synchronizer
- Defining and maintaining long-term technical roadmaps for protocol coordination
- Structuring pathways for meaningful community engagement and contribution
- Leading coordination and execution of Super Validator governance and network-wide decision-making
Scope and Exclusions
- Included:
- All unclaimed validator rewards as of the effective date of this proposal that are not explicitly reserved under any approved milestone-based SV reward schedule.
- At time of drafting this note, it is expected that 1.6 to 1.7 billion CC will transfer to the GSF from this action
- Excluded:
- Any future unclaimed rewards
- Rewards currently held in escrow or contractually earmarked for SV milestone-based delivery
Specification
- Recipient: Global Synchronizer Foundation Treasury (designated on-chain address)
- The Global Synchronizer Foundation to supply the appropriate on-chain address for delivery, the GSF Tokenomics Committee to verify the address prior to the transfer.
- Transfer Mechanism: One-time disbursement authorized via governance
- Prior to initiating any send of assets, the GSF Tokenomics committee must manually review the designated address and confirm it is accurate.
- The GSF Tokenomics Committee to leverage best practices for the relevant disbursement which shall include:
- At least one successfully completed de minimis sized transfer from the unclaimed pool to the designated Global Synchronizer Foundation address. Any such test transfer must be confirmed to have been properly received by the designated address. Any failures for this test send must be resolved and subsequently successfully retested before sending the full balance.
- Upon successfully completely a test transfer as described above, the remaining balance may be sent to the designated address.
- The Global Synchronizer Foundation and GSF Tokenomics committee independently confirm the expected CC have been received.
- Reference Date: Snapshot to be taken at a designated block height or timestamp to establish the reward pool eligible for reallocation
Actions
- IEU to calculate amount of unclaimed rewards to be assigned to the GSF as of a specific block height
- IEU to initiate on-chain process for GSF to mint unclaimed coins when ready
<image100723.png>
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This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at http://www.digitalasset.com/emaildisclaimer.html. If you are not the intended recipient, please delete this message. - toggle quoted message Show quoted textAgree with Veronica and Eric here. Foundation needs autonomy and has already the mandate in place of what needs to be done.On Thu, Jul 10, 2025 at 15:50 Veronica Augustsson via lists.sync.global <veronica=7ridge.com@...> wrote:I would also advice against specifying how the GSF should manage these coins. Their whole purpose is to do what is best for the ecosystem already to the benefit of all.
Veronica
Från: cip-discuss@... <cip-discuss@...> på uppdrag av Eric Saraniecki via lists.sync.global <eric=digitalasset.com@...>
Skickat: torsdag, juli 10, 2025 12:46
Till: cip-discuss@... <cip-discuss@...>
Kopia: cip-discuss@... <cip-discuss@...>
Ämne: Re: [cip-discuss] CIP-00XX: One-Time Allocation of Historical Unclaimed Rewards to GSFThe SVs were never expected to earn these rewards
I am opposed to specifying how the GSF would use them
On Jul 10, 2025, at 7:27 AM, James Lang via lists.sync.global <james=libertycityventures.com@...> wrote:
I believe that we are awaiting an answer as to other options. This is at current prices a )$100 million allocation. Alternatives could include adding back to the SV reward pool. These were rewards that all SVs expected to earn. In the event a decision is made to grant to the foundation, perhaps the resolution should specify items like how the Canton could be spent, lock up period. For example, 80% of the Canton Coin could be earmarked for ecosystem grants. Further in return for this allocation perhaps GSF annual membership fees could be eliminated for the current members eligible to vote.James LangManaging Director
On Jul 10, 2025, at 6:34 AM, Yiannis Varelas via lists.sync.global <y=fivenorth.io@...> wrote:
Five North in favor as well and happy to sponsor/endorse as well.
Y.
On Thu, Jul 10, 2025 at 10:44 Veronica Augustsson via lists.sync.global <veronica=7ridge.com@...> wrote:Thank you Chris.
7RIDGE/C7 is in favour and happy to sponsor if needed.
Veronica
V E R O N I C A A U G U S T S S O N/P A R T N E R
7RIDGE IS A PRIVATE MARKETS ASSET MANAGER INVESTED IN TRANSFORMATIVE TECHNOLOGY FOR FINANCIAL SERVICES TO POWER THE GLOBAL ECONOMY
Signature for V e r o n i c a A u g u s t s s o n
From: cip-discuss@... <cip-discuss@...> On Behalf Of Chris Zuehlke via lists.sync.global
Sent: Wednesday, 9 July 2025 21:56
To: cip-discuss@...
Subject: Re: [cip-discuss] CIP-00XX: One-Time Allocation of Historical Unclaimed Rewards to GSFAs discussed on the call today, please see the below for the updated draft CIP. It includes language in the "Specification" section pertaining to the verification of the party's delivery address and requirement for a test send prior to sending the full amount.
Full text below.
Author: Eric W SaranieckiStatus: DraftType: Meta / TokenomicsCreated: 2025-06-13Approved: TBDLicense: CC0-1.0Summary
This proposal authorizes a one-time allocation of historical unclaimed rewards from the Canton validator reward pool to the Global Synchronizer Foundation (GSF). These funds compensate GSF for its critical contributions to the design, governance, and operational stability of the Global Synchronizer.
Motivation
GSF has played a foundational role in establishing and maintaining the systems that govern the Canton Network, including:
- Launching the legal entity, onboarding founding members, and establishing governance processes for the Global Synchronizer
- Defining and maintaining long-term technical roadmaps for protocol coordination
- Structuring pathways for meaningful community engagement and contribution
- Leading coordination and execution of Super Validator governance and network-wide decision-making
Scope and Exclusions
- Included:
- All unclaimed validator rewards as of the effective date of this proposal that are not explicitly reserved under any approved milestone-based SV reward schedule.
- At time of drafting this note, it is expected that 1.6 to 1.7 billion CC will transfer to the GSF from this action
- Excluded:
- Any future unclaimed rewards
- Rewards currently held in escrow or contractually earmarked for SV milestone-based delivery
Specification
- Recipient: Global Synchronizer Foundation Treasury (designated on-chain address)
- The Global Synchronizer Foundation to supply the appropriate on-chain address for delivery, the GSF Tokenomics Committee to verify the address prior to the transfer.
- Transfer Mechanism: One-time disbursement authorized via governance
- Prior to initiating any send of assets, the GSF Tokenomics committee must manually review the designated address and confirm it is accurate.
- The GSF Tokenomics Committee to leverage best practices for the relevant disbursement which shall include:
- At least one successfully completed de minimis sized transfer from the unclaimed pool to the designated Global Synchronizer Foundation address. Any such test transfer must be confirmed to have been properly received by the designated address. Any failures for this test send must be resolved and subsequently successfully retested before sending the full balance.
- Upon successfully completely a test transfer as described above, the remaining balance may be sent to the designated address.
- The Global Synchronizer Foundation and GSF Tokenomics committee independently confirm the expected CC have been received.
- Reference Date: Snapshot to be taken at a designated block height or timestamp to establish the reward pool eligible for reallocation
Actions
- IEU to calculate amount of unclaimed rewards to be assigned to the GSF as of a specific block height
- IEU to initiate on-chain process for GSF to mint unclaimed coins when ready
<image100723.png>
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Christopher Kelly
Head of Business Development | Americas
IntellectEU
Digital Finance & Emerging Technologies
+1 215-962-3419
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On Thu, Jul 10, 2025 at 8:55 AM Yiannis Varelas via lists.sync.global <y=fivenorth.io@...> wrote:Agree with Veronica and Eric here. Foundation needs autonomy and has already the mandate in place of what needs to be done.On Thu, Jul 10, 2025 at 15:50 Veronica Augustsson via lists.sync.global <veronica=7ridge.com@...> wrote:I would also advice against specifying how the GSF should manage these coins. Their whole purpose is to do what is best for the ecosystem already to the benefit of all.
Veronica
Från: cip-discuss@... <cip-discuss@...> på uppdrag av Eric Saraniecki via lists.sync.global <eric=digitalasset.com@...>
Skickat: torsdag, juli 10, 2025 12:46
Till: cip-discuss@... <cip-discuss@...>
Kopia: cip-discuss@... <cip-discuss@...>
Ämne: Re: [cip-discuss] CIP-00XX: One-Time Allocation of Historical Unclaimed Rewards to GSFThe SVs were never expected to earn these rewards
I am opposed to specifying how the GSF would use them
On Jul 10, 2025, at 7:27 AM, James Lang via lists.sync.global <james=libertycityventures.com@...> wrote:
I believe that we are awaiting an answer as to other options. This is at current prices a )$100 million allocation. Alternatives could include adding back to the SV reward pool. These were rewards that all SVs expected to earn. In the event a decision is made to grant to the foundation, perhaps the resolution should specify items like how the Canton could be spent, lock up period. For example, 80% of the Canton Coin could be earmarked for ecosystem grants. Further in return for this allocation perhaps GSF annual membership fees could be eliminated for the current members eligible to vote.James LangManaging Director
On Jul 10, 2025, at 6:34 AM, Yiannis Varelas via lists.sync.global <y=fivenorth.io@...> wrote:
Five North in favor as well and happy to sponsor/endorse as well.
Y.
On Thu, Jul 10, 2025 at 10:44 Veronica Augustsson via lists.sync.global <veronica=7ridge.com@...> wrote:Thank you Chris.
7RIDGE/C7 is in favour and happy to sponsor if needed.
Veronica
V E R O N I C A A U G U S T S S O N/P A R T N E R
7RIDGE IS A PRIVATE MARKETS ASSET MANAGER INVESTED IN TRANSFORMATIVE TECHNOLOGY FOR FINANCIAL SERVICES TO POWER THE GLOBAL ECONOMY
Signature for V e r o n i c a A u g u s t s s o n
From: cip-discuss@... <cip-discuss@...> On Behalf Of Chris Zuehlke via lists.sync.global
Sent: Wednesday, 9 July 2025 21:56
To: cip-discuss@...
Subject: Re: [cip-discuss] CIP-00XX: One-Time Allocation of Historical Unclaimed Rewards to GSFAs discussed on the call today, please see the below for the updated draft CIP. It includes language in the "Specification" section pertaining to the verification of the party's delivery address and requirement for a test send prior to sending the full amount.
Full text below.
Author: Eric W SaranieckiStatus: DraftType: Meta / TokenomicsCreated: 2025-06-13Approved: TBDLicense: CC0-1.0Summary
This proposal authorizes a one-time allocation of historical unclaimed rewards from the Canton validator reward pool to the Global Synchronizer Foundation (GSF). These funds compensate GSF for its critical contributions to the design, governance, and operational stability of the Global Synchronizer.
Motivation
GSF has played a foundational role in establishing and maintaining the systems that govern the Canton Network, including:
- Launching the legal entity, onboarding founding members, and establishing governance processes for the Global Synchronizer
- Defining and maintaining long-term technical roadmaps for protocol coordination
- Structuring pathways for meaningful community engagement and contribution
- Leading coordination and execution of Super Validator governance and network-wide decision-making
Scope and Exclusions
- Included:
- All unclaimed validator rewards as of the effective date of this proposal that are not explicitly reserved under any approved milestone-based SV reward schedule.
- At time of drafting this note, it is expected that 1.6 to 1.7 billion CC will transfer to the GSF from this action
- Excluded:
- Any future unclaimed rewards
- Rewards currently held in escrow or contractually earmarked for SV milestone-based delivery
Specification
- Recipient: Global Synchronizer Foundation Treasury (designated on-chain address)
- The Global Synchronizer Foundation to supply the appropriate on-chain address for delivery, the GSF Tokenomics Committee to verify the address prior to the transfer.
- Transfer Mechanism: One-time disbursement authorized via governance
- Prior to initiating any send of assets, the GSF Tokenomics committee must manually review the designated address and confirm it is accurate.
- The GSF Tokenomics Committee to leverage best practices for the relevant disbursement which shall include:
- At least one successfully completed de minimis sized transfer from the unclaimed pool to the designated Global Synchronizer Foundation address. Any such test transfer must be confirmed to have been properly received by the designated address. Any failures for this test send must be resolved and subsequently successfully retested before sending the full balance.
- Upon successfully completely a test transfer as described above, the remaining balance may be sent to the designated address.
- The Global Synchronizer Foundation and GSF Tokenomics committee independently confirm the expected CC have been received.
- Reference Date: Snapshot to be taken at a designated block height or timestamp to establish the reward pool eligible for reallocation
Actions
- IEU to calculate amount of unclaimed rewards to be assigned to the GSF as of a specific block height
- IEU to initiate on-chain process for GSF to mint unclaimed coins when ready
<image100723.png>
This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at http://www.digitalasset.com/emaildisclaimer.html. If you are not the intended recipient, please delete this message. - MPCH is in favor
