Update to CIP-0074 - BitGo SV
- Following recent discussions in collaboration with the Accountability and Tokenomics committees, we have prepared a draft update to CIP-0074 to clarify and revise the BitGo Super Validator deliverables and milestone structure.
This revision is intended to:
- Separate and clarify milestone intent, including the distinction between Canton Coin custody, Token Standard support, and associated acceleration mechanics
- Provide clearer weighting logic where partial achievement or timing-based scaling applies
- Preserve the original economic intent while improving operational clarity for evaluation and verification
- Proposed extension to the on chain activity deliverable
Please see attached for the new cip. Looking for sponsor and endorser.---------## CIP TBD
<pre>
CIP: CIP TBD
Title: Update BitGo SV Deliverables and Requirements
Author: Eric Saraniecki
Jacob McCrum
Austin Moothart
Status: Draft
Type: Governance
Created: 2026-02-11
Approved: TBD
License: CC0-1.0
Replaces: CIP-0074
</pre>
Abstract:
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Add BitGo as an SV of Weight 5
About Applicant:
BitGo is the leading infrastructure provider of digital asset solutions, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have focused on enabling our clients to securely navigate the digital asset space. With a large global presence through multiple regulated entities, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, as well as millions of retail investors worldwide. As the operational backbone of the digital economy, BitGo handles a significant portion of Bitcoin network transactions and is the largest independent digital asset custodian, and staking provider, in the world.
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Over 2000 institutional clients across more than 90 countries.
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Provides services to over 100 crypto exchanges globally.
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Support for over 1200 coins and tokens.
Deliverables for full SV Reward:
Deliverable
Acceptance Criteria
Deadline
Weight Earned
BitGo Custody Support for Canton Coin
• BitGo customers can hold Canton Coin in qualified custody on the Canton Network
+180 Days from CIP-0074 Approval
1
Acceleration Bonus
0 Bonus if delivered +180 Days from SV CIP Approval
+2 Bonus if delivered +60 Days from SV CIP Approval
Linear sliding scale between +60 and +180 days
Example: If delivered in +120 days, BitGo is awarded +1 SV Weight
At least one BitGo customer must be live, having completed a Canton Coin transaction on MainNet
+180 Days from CIP-0074 Approval
Max 2
BitGo Custody Support for Canton Token Standard
• First two deliverables can be accepted once BitGo can onboard custody support for any customer asset on the Canton Network that adheres to the Canton Token Standard.
180 Days from CIP-0074 Approval
0
Adoption Bonus
Driving adoption of Canton with existing customers of BitGo.
Upon extension, the original vesting date remains intact. No SV rewards for this weight will be accrued during the extension period.
300 Days from Custody Support going live
0.5 per $1.5b of assets transferred up to a maximum of +2
SV Reward Mechanics:
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An extraBeneficiary PartyID associated with the ‘escrowed’ Super Validator will be setup by the GSF with an SV Weight at the maximum earnable weight. This will not include the potential "First to Production" or "Second to Production" bonus weights.
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The Applicant is responsible for coordinating the process of setting up the escrowed weights with the GSF and the operator of the GSF SV node.
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The Applicant is responsible for all costs associated with the operation of the escrow SV
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The escrow SV will NOT mint rewards on a block by block basis
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All escrow SV rewards will go to the Unclaimed Rewards pool
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⅔ of the Super Validator Operators will update their configurations to allow GSF to host the full weight to be earned by the given Super Validator
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Applicant is required to present proof of successful completed milestones to the Tokenomics Working Group
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Applicant is required to present a calculation for number of Canton Coin it should earn for meeting the requirements of the milestone
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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
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The GSF will update the extraBeneficiary to an active PartyID controlled by that Super Validator.
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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.
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If any milestones and associated rewards are not achieved by the deadline
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Applicant will be notified they have not met a deliverable by the GSF
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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.
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The Tokenomics Working Group will make a recommendation to the SVs on what to do with the Unclaimed Rewards
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Applicant is subject to CIP-0045 : SV Operating Requirements
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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.
Copyright
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This CIP is licensed under CC0-1.0: Creative Commons CC0 1.0 Universal.
Changelog
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2025-08-15: Initial draft of the proposal.
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2025-08-27: Approved original CIP.
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2026-02-11: Initial draft of revision
- Thanks, Austin, BitGo team,I've taken a look and largely think this works. Just for my clarity, can you confirm that the mechanic of splitting the Canton Token Standard Support and its intention is to allow the acceleration bonus to be earned but not delivered until the ability to support any single given CIP-0056 token?Kind regards,Alex--Cumberland
- toggle quoted message Show quoted textYes, that's correct. The original intention of the CIP was Canton Coin support via CIP-0056 but that turned into 2 separate workstreams. BitGo has continued building support for CIP-0056 tokens as well after Canton Coin support.This CIP is no longer expected to be necessary per this week's tokenomics committee meeting which has moved for partial acceptance of CIP-0074 as is.The remaining deliverable for on chain adoption will be discussed at a later date.On Tue, Feb 17, 2026 at 10:53 PM Alex Chen via lists.sync.global <alechen=cumberland.io@...> wrote:Thanks, Austin, BitGo team,I've taken a look and largely think this works. Just for my clarity, can you confirm that the mechanic of splitting the Canton Token Standard Support and its intention is to allow the acceleration bonus to be earned but not delivered until the ability to support any single given CIP-0056 token?Kind regards,Alex--Cumberland
