CIP-TBD: Add Cobo as an SV of Weight 3 - Ezreal Kung
- Dear GSF community members,This is Ezreal, Head of Business Development at Cobo. I am submitting a draft CIP below proposing to add Cobo as a Super Validator with Weight 3 on the Canton Network.
Abstract
Add Cobo as an SV of Weight 3
Cobo commits to:
• Delivering CIP-0056 wallet integration within 90 days, enabling custody of Canton Network assets across Cobo's unified wallet platform (MPC, Custodial, Smart Contract, and Exchange Wallets)
• Driving Canton Coin inelastic burn through APAC institutional adoption, targeting $2M in measurable on-chain burn
• Leveraging existing infrastructure including 4,160+ BTC secured via Babylon restaking API and partnerships with Chinese leading VCs for BTC liquidity deploymentAbout Applicant
Cobo is a trusted leader in digital asset custody and wallet infrastructure solutions. Founded in 2017, Cobo is trusted by more than 500 organizations worldwide, safeguarding billions of dollars in assets with a zero-incident security track record. Cobo provides the industry's only unified wallet platform integrating all 4 wallet technologies – Custodial Wallets, MPC Wallets, Smart Contract Wallets, and Exchange Wallets.
Key Stats & Partnerships:
● 500+ enterprise customers globally
● 0 security incidents since inception
● Works with largest PSPs in APAC processing 300-400 billion transactions annually
● 4,160+ BTC secured through industry-first Babylon restaking API
● Liquidity providers are ready to deploy on Canton Network
● Partnership with JD Tech for RWA Tokenization project enrolled in Hong Kong Cyberport Pilot Scheme, showing regulatory credibility in APAC
● Strong APAC presence: Antalpha, F2Pool, Antpool, Bitget, Bitmart, Deribit, Alchemy Pay, Vantage, Bitmain, OTC desks, brokerages, leading payment companies, institutional investors, and RWA/stablecoin issuers etc.
Deliverables for Full SV Reward
Deliverable
Acceptance Criteria
Deadline
Weight Earned
Cobo integration of Canton Coin and Canton Token Standard
•Cobo clients can custody Canton Coin and any asset on the Canton Network that adheres to the Canton Token Standard
+150 Days from CIP Approval
1
Adoption Bonus
• Drive Canton Coin inelastic burn through APAC institutional adoption
• All CC burn attributable to Cobo-facilitated inelastic burn on the Network+180 Days from Integration Go Live
+0.5 per $2M of inelastic burn generated on the network (Max +2)
SV Reward Mechanics
· An extraBeneficiary PartyID associated with the ‘escrowed’ Super Validator will be setup by the Foundation, or another SV node operator approved to provide SV rewards escrow services, with an SV Weight at the maximum earnable weight.
· The Applicant is responsible for coordinating the process of setting up the escrowed weights with the GSF and the operator of the SV node.
· The Applicant is responsible for all costs associated with the operation of the escrow SV
· The escrow SV will NOT mint rewards on a block by block basis
· All escrow SV rewards will go to the Unclaimed Rewards pool
· ⅔ of the Super Validator Operators will update their configurations to allow the escrowing SV node to host the full weight to be earned by the given Super Validator
· Applicant is required to present proof of successful completed milestones to the Tokenomics Working Group
· Applicant is required to present a calculation for number of Canton Coin it should earn for meeting the requirements of the milestone
· If the Tokenomics Working Group agrees the milestone has been met and agrees with the calculation, an announcement will be sent via the Tokenomics-Announce mailing List
· The GSF will update the extraBeneficiary to an active PartyID controlled by that Super Validator.
· ⅔ of Super Validator Operators will then assign a portion of the Unclaimed Rewards to be minted by the Applicant’s Validator, based on the calculation approved by the Tokenomics working group.
· If any milestones and associated rewards are not achieved by the deadline
o Applicant will be notified they have not met a deliverable by the GSF
o Remaining SV Weight assigned to the extraBeneficiary SV will be removed from the GSF node configuration, and the total SV weight of the GSF SV node will be reduced by the same amount by a vote of the Super Validators.
o The Tokenomics Working Group will make a recommendation to the SVs on what to do with the Unclaimed Rewards
· Applicant is subject to CIP-0045 : SV Operating Requirements
· If, at any time, the Applicant has been rewarded SV Weight > 2.5, they are required to operate their SV within 6 months of crossing that Weight. This SV node will join the network with an SV weight of zero (0) and may add weights as the SV completes the milestones listed in this CIP.
Applicant is subject to CIP-0045: SV Operating Requirements.
If the applicant’s SV Weight > 2.5, they must operate their SV within six months. This SV node will join the network with weight zero and may add weights as milestones are completed.Copyright
This CIP is licensed under CC0-1.0: Creative Commons CC0 1.0 Universal.
Changelog
● 2025-12-29: Initial draft of the proposal
