CIP-TBD: Concrete max weight 4 SV - Lukas Hajdukiewicz

1. #1Luke Hajdukiewicz27-05-2026source ↗
   Type: Governance

   Status: Draft

   Author: Lukas Hajdukiewicz

   Created: 27.05.2026

   CIP-XXXX : Concrete max weight 4 SV - Lukas Hajdukiewicz

   Abstract

   This proposal seeks approval for Concrete to operate as a Super Validator (“SV”) on Canton and to deploy its institutional-grade vault and strategy infrastructure within the Canton ecosystem. The requested SV weight of 4.0 will be unlocked upon completion and verification of four milestones. 

   The SV reward is structured as outcome-linked. Concrete’s full SV weight will be unlocked only upon delivery of production infrastructure and measurable onchain adoption metrics. This structure ensures that validator rewards are directly tied to ecosystem growth, venue utilization, and application-level integration, rather than technical deployment alone.

   The purpose of this CIP is to establish a production-ready asset management layer on Canton that enables institutions and applications to access Canton-native DeFi venues through a unified, risk-managed vault abstraction.

   About Concrete

   Concrete is an institutional DeFi infrastructure platform operating a production-grade vault and execution framework designed to abstract strategy routing across multiple venues under unified risk controls.

   As of the latest reporting period, Concrete supports more than $1B in assets on platform and has executed over $30 billion in cumulative transaction volume. The company is backed by Polychain, YZi, VanEck, and BitGo and maintains integrations with institutional custodians including BitGo, Fireblocks, and Ceffu. Concrete operates under audited smart contract infrastructure and maintains institutional monitoring, incident response, and reporting standards.

   Concrete maintains formal partnership with Figment, an existing Canton Super Validator, and separate relationship with other Canton Super Validators. These relationships strengthen validator alignment by reducing execution risk while supporting institutional distribution pathways within the Canton ecosystem.

   Concrete’s platform is designed to make DeFi usable within regulated and institutionally sensitive environments. This proposed deployment extends that abstraction into an ecosystem uniquely positioned at the intersection of traditional financial infrastructure and decentralized systems.

   Deliverables for Full SV Reward (4.0)

   The structure prioritizes measurable economic activity and sustained capital formation within the Canton ecosystem, while still requiring the delivery of production-grade infrastructure. All vault frameworks and strategies deployed under this proposal will support Canton Coin (CC) as a native asset wherever underlying venue functionality permits, ensuring that Canton’s native asset participates directly in strategy execution.

   
   

   Deliverable	Acceptance Criteria	Deadline	Weight Earned
   Vault Framework and Initial Deployment	Concrete will deploy a Canton-compatible vault framework in production alongside the initial integration of at least one Canton-native venue.  The deployment will include the full vault architecture required for production use, including strategy configuration systems, parameter governance controls, onchain accounting primitives, and operational monitoring infrastructure. At least one production vault must be deployed on Canton mainnet and must support deposits denominated in Canton Coin (CC) where applicable. In parallel, at least one venue adapter must be live and functional, enabling the vault to interact with a Canton-native venue through complete deposit, execution, accounting, and withdrawal flows. Milestone completion requires not only technical deployment but also initial economic usage. The deployed vault must either achieve a minimum of $10 million in sustained total value locked within sixty days of launch or facilitate at least $25 million in cumulative routed notional transaction volume over that same period. Verification will occur through onchain contract inspection, transaction traceability, and independently observable TVL metrics.	180 Days of CIP Approval	+0.5 Weighting
   Yield Strategy Activation and Sustained Economic Activity	Concrete will deploy and operate at least one production-grade yield strategy utilizing Canton-native venues under defined risk parameters. This milestone is designed to measure not the existence of infrastructure, but the degree to which that infrastructure successfully attracts and retains capital. The strategy must be actively managed, must operate within a formally defined risk framework, and must support Canton Coin (CC) wherever underlying venue functionality permits. The strategy must maintain an average of at least $25 million in total value locked over a continuous sixty-day period or facilitate a minimum of $100 million in cumulative routed notional transaction volume across integrated venues during that same timeframe. These thresholds ensure that validator rewards are tied to meaningful capital formation and ecosystem utilization rather than transient or superficial activity. A formal Risk and Performance Specification must be published as part of milestone completion. This document will define the strategy methodology, parameter limits, monitoring systems, and performance evaluation framework. All strategy activity must be verifiable onchain, with transparent reporting sufficient for independent validation.	60 days of Milestone 1 Completion	+0.5 Weighting
   Application Integration Enablement	Concrete will deliver an integration framework enabling Canton-native applications to route user flows into Concrete vaults. This milestone ensures that the vault infrastructure does not remain isolated, but instead becomes embedded within the broader application layer of the ecosystem. The integration framework will include developer-facing documentation, integration tooling, and operational guidance sufficient to allow third-party applications to incorporate yield-generating functionality without independently building vault infrastructure.  Milestone completion requires that the integration framework be publicly accessible and operationally validated. This validation may occur either through successful integration by at least one external application or through demonstrable deployment flows that can be independently tested and verified.	120 days of Milestone 1 Completion	+1.0 Weighting
   Sustained Volume Adoption Bonus	This milestone is contingent upon prior completion of Milestone II..  Volume must be measured over a continuous twelve-month window beginning on Milestone II acceptance, and is counted once per economic obligation. Self-cycling, wash trading, internal rebalancing, and circular routing are explicitly excluded from eligible volume. At milestone activation, Concrete will file an Owned Address Registry with the Tokenomics Working Group identifying all vault, strategy, and venue-adapter parties under its control. Concrete will submit monthly attestation reports including routed notional, venue attribution, and methodology disclosure, supported by sampled transaction hashes at the Tokenomics Working Group's discretion. The Tokenomics Working Group retains the right to request selective disclosure of transaction contents from Concrete and counterparty validators for verification.	180 days of Milestone 1 Completion	Max +2 weighting +0.5 per additional $50m USD in cumulative volume routed through Canton-native venues above the Milestone II baseline threshold, capped at +2.0 maximum (corresponding to $200 million in cumulative routed volume above baseline)

   
   
   

   Mechanics

   The requested SV weight of 4.0 will be distributed across four milestones, with Milestone I accounting for 0.5, Milestone II accounting for 0.5, Milestone III accounting for 1.0, and Milestone IV (Sustained Volume Adoption Bonus) accounting for up to 2.0. Unlock occurs only upon milestone completion and subsequent verification.

   Each milestone requires the submission of a formal Milestone Completion Report. This report must include contract addresses, total value locked data, routed transaction volume metrics, integration documentation, and publicly verifiable onchain references. Evidence must be sufficient to allow independent verification of vault deployment, strategy execution, venue interaction, and where applicable, Canton Coin participation.

   Deadlines are binding unless conditional triggers apply. A thirty-day remediation window will be permitted in the event of missed deadlines. Failure to cure within this period may result in partial or full forfeiture of pending SV weight. Governance retains discretion under CIP-0045 to modify, suspend, or revoke weight allocations in cases of non-performance.

   SV Mechanics

   The Super Validator reward follows the standard Canton governance framework and complies with CIP-0045 operating requirements. SV weight will be assigned to an extraBeneficiary escrow address and will unlock only after working group verification and formal governance acknowledgment of milestone completion.

   Concrete will fund validator operations and escrow requirements unless otherwise directed by governance. Any disputes, interpretation questions, or remediation processes will follow standard Canton governance procedures.

   Appendix I – Motivation

   Canton has established a strong institutional foundation, but the absence of a unified asset management abstraction layer limits the ability of applications and institutions to efficiently access DeFi functionality. Without standardized vault infrastructure, applications are required to independently build and maintain strategy logic, risk controls, and monitoring systems, resulting in fragmentation and reduced capital efficiency.

   This proposal introduces a reusable infrastructure layer that enables simplified access to yield strategies while enforcing consistent risk management and reporting standards. By abstracting complexity at the infrastructure layer, it enables broader participation and accelerates the development of application-level use cases.

   Appendix II – Why Concrete

   Concrete’s platform is specifically designed to operate as an institutional asset management abstraction layer capable of routing capital across multiple venues under unified governance and risk parameters. Its production track record, custody integrations, audit history, and operational controls position it as a lower-execution-risk provider relative to new entrants.

   The existing partnerships with Canton Super Validators further strengthen alignment within the ecosystem and reduce fragmentation across validator infrastructure. Concrete’s deployment is intended to accelerate DeFi adoption on Canton while maintaining the operational discipline required for institutional participation.

   Appendix III – Scope of Work

   Concrete’s scope of work includes vault deployment, strategy configuration systems, venue adapter construction, application integration tooling, monitoring infrastructure, reporting frameworks, and ongoing strategy management.

   The system is designed to scale alongside the evolution of Canton’s DeFi primitives. As new venues emerge, additional adapters can be deployed without requiring changes at the application layer. The focus is on building a durable infrastructure layer that supports long-term ecosystem growth.

   Notes

   This proposal intentionally prioritizes measurable adoption over infrastructure delivery. While technical deployment is required, a large portion of validator reward weight is tied to sustained capital usage, including total value locked and routed transaction volume.

   By assigning the greatest weight to sustained economic activity, this structure aligns validator incentives with long-term ecosystem growth rather than short-term technical completion. Conditional timelines ensure flexibility in the presence of external dependencies while maintaining accountability through governance oversight.