CIP-0125: Add Paxos as SV Weight 8 - Eric Saraniecki
Title: Add Paxos as a Super Validator (weight 8.0)
Author: Eric Saraniecki
Status: Proposed
Created: 2026-XX-XX
Type: Governance
License: CC0-1.0Abstract
This proposal adds Paxos as a Super Validator (SV) on the Canton Network with a maximum potential weight of 8.0, tied to the integration and operation of stablecoin treasury management workflows on Canton.
Paxos is the issuer of major regulated stablecoins, and operates regulated infrastructure for custody and settlement. This proposal aligns SV rewards with Paxos bringing treasury management, issuance, and settlement flows on-chain, enabling 24×7 programmable cash infrastructure on Canton.
About Paxos
Paxos is a regulated financial institution specializing in blockchain-based infrastructure, including stablecoin issuance, custody, and settlement services. Paxos issues regulated stablecoins and plays a key role in bridging traditional financial systems with digital asset infrastructure.
Paxos is uniquely positioned to bring on-chain cash, treasury management, and settlement workflows to Canton at scale.
Commitment Milestones
Milestone
Description
Deadline from CIP Approval
SV Weight Earned
Stablecoin Native Integration
Integrate Paxos stablecoin issuance platform natively on Canton, enabling issuance, redemption, and operation directly on the network and mint an aggregate of $20m of major Paxos-issued stablecoins.
+6 months
+3
Reserve Management MVP
Deliver an MVP in production of stablecoin reserve management on Canton. This may include: holding reserves on Canton in the form of tokenized treasuries, reverse repo, and/or digital demand deposits.
+9 months
+1
Automated Mint / Redeem
Enable automated mint and redeem functionality for stablecoins managed by Paxos on Canton, allowing approved participants to mint/redeem 24×7 using on-chain digital demand deposits, tokenized US treasuries, or reverse-repo settling on chain.
+12 months
+1
Adoption Bonus (Mint / Redeem Volume)
Earn additional SV weight based on usage of the on-chain create/redeem mechanism. +0.5 SV weight per $200M of stablecoins minted on Canton (can be transferred to other chains).
Earn additional SV weight based on Reserve Management mechanism. +0.5 SV weight per average of $200m of stablecoin treasury reserves held on Canton over a rolling 30 day period.
Adoption Bonus max +3 in total across the two categories.
Within 24 months
Up to +3
Adoption Measurement
Only stablecoins minted or redeemed via the on-chain Canton treasury mechanism qualify toward the adoption bonus.
Volume is measured on a gross basis and must be verifiable on-chain or via agreed reporting standards.
Maximum adoption bonus is capped at +3 SV weight.
2. Perpetual Sustainment Requirement (High Water Mark)
Weight earned via the Adoption Bonus milestone (+3.0 max) is subject to a perpetual sustainment requirement to align with the ongoing nature of SV rewards.
Reference Rate Calculation: For each tranche, the "Reference Rate" is the per-2-quarter rate of activity required for approval:
Drop in Activity Definition: A >50% decline in the rolling 2-quarter average eligible activity (Burn, Volume, or TVL) relative to the Reference Rate.
Weight Re-Earn: Following a weight reduction under the Remediation provision, Further may re-earn the reduced weight by restoring eligible activity above the applicable Reference Rate. The re-earn window for each tranche equals the original milestone deadline for that tranche (e.g., 12 months for a 12-month milestone). The 6-month cure/remediation period during which the drop in activity is assessed counts as part of this re-earn window — leaving the remainder of the original milestone period (e.g., 6 months) as the active re-earn period following any weight reduction. Re-earn is assessed on a per-tranche basis.
Remediation: If the decline persists for 2 consecutive quarters, the Accountability Committee reserves the right to apply a proportional weight reduction.
Communications Requirements
To ensure transparency and ecosystem coordination:
Public announcement at time of CIP approval outlining Paxos’ integration plans
Public communication upon completion of each of the first three milestones
Additional announcement upon reaching $1B cumulative mint/redeem volume on Canton
SV Reward Mechanics
An extraBeneficiary PartyID tied to an escrowed Super Validator will be configured by the Global Synchronizer Foundation (GSF) with the full maximum weight defined in this CIP.
Paxos will coordinate escrow configuration with the GSF and the SV node operator
Paxos is responsible for all costs associated with operating the escrow SV
The escrow SV will not mint rewards on a block-by-block basis; all rewards accrue to the Unclaimed Rewards Pool
Upon milestone completion:
Paxos submits proof of completion and reward calculation to the Tokenomics Working Group
Upon approval, the GSF updates the extraBeneficiary PartyID
⅔ of active Super Validators assign the approved reward weight
Copyright
This CIP is licensed under CC0-1.0: Creative Commons CC0 1.0 Universal.
Changelog
2026-09-14: Initial draft published
- Liberty City Ventures would like to sponsor this CIP
Please see updated CIP with one of the measurements updated
Title: Add Paxos as a Super Validator (weight 8.0)Author: Eric Saraniecki
Status: Proposed
Created: 2026-XX-XX
Type: Governance
License: CC0-1.0
Abstract
This proposal adds Paxos as a Super Validator (SV) on the Canton Network with a maximum potential weight of 8.0, tied to the integration and operation of stablecoin treasury management workflows on Canton.
Paxos is the issuer of major regulated stablecoins, and operates regulated infrastructure for custody and settlement. This proposal aligns SV rewards with Paxos bringing treasury management, issuance, and settlement flows on-chain, enabling 24×7 programmable cash infrastructure on Canton.
About Paxos
Paxos is a regulated financial institution specializing in blockchain-based infrastructure, including stablecoin issuance, custody, and settlement services. Paxos issues regulated stablecoins and plays a key role in bridging traditional financial systems with digital asset infrastructure.
Paxos is uniquely positioned to bring on-chain cash, treasury management, and settlement workflows to Canton at scale.
Commitment Milestones
Milestone
Description
Deadline from CIP Approval
SV Weight Earned
Stablecoin Native Integration
Integrate Paxos stablecoin issuance platform natively on Canton, enabling issuance, redemption, and operation directly on the network and mint an aggregate of $20m of major Paxos-issued stablecoins.
+6 months
+3
Reserve Management MVP
Deliver an MVP in production of stablecoin reserve management on Canton. This may include: holding reserves on Canton in the form of tokenized treasuries, reverse repo, and/or digital demand deposits.
+9 months
+1
Automated Mint / Redeem
Enable automated mint and redeem functionality for stablecoins managed by Paxos on Canton, allowing approved participants to mint/redeem 24×7 using on-chain digital demand deposits, tokenized US treasuries, or reverse-repo settling on chain.
+12 months
+1
Adoption Bonus (Mint / Redeem Volume)
Earn additional SV weight based on usage of the on-chain create/redeem mechanism. +0.5 SV weight per $200M of stablecoins minted on Canton (can be transferred to other chains).
Earn additional SV weight based on Reserve Management mechanism. +0.5 SV weight per average of $200m of stablecoin treasury reserves held on Canton over a rolling 30 day period.
Adoption Bonus max +3 in total across the two categories.
Within 24 months
Up to +3
Adoption Measurement
-
Only stablecoins minted or redeemed via the on-chain Canton treasury mechanism qualify toward the adoption bonus.
-
Volume is measured on a gross basis and must be verifiable on-chain or via agreed reporting standards.
-
Maximum adoption bonus is capped at +3 SV weight.
2. Perpetual Sustainment Requirement (High Water Mark)
Weight earned via the Adoption Bonus milestone (+3.0 max) is subject to a perpetual sustainment requirement to align with the ongoing nature of SV rewards.
-
Reference Rate Calculation: For each tranche, the "Reference Rate" is the per-2-quarter rate of activity required for approval:
-
Drop in Activity Definition: A >50% decline in the rolling 2-quarter average eligible activity (Burn, Volume, or TVL) relative to the Reference Rate.
-
Remediation: If the decline persists for 2 consecutive quarters, the Accountability Committee reserves the right to apply a proportional weight reduction.
Communications Requirements
To ensure transparency and ecosystem coordination:
-
Public announcement at time of CIP approval outlining Paxos’ integration plans
-
Public communication upon completion of each of the first three milestones
-
Additional announcement upon reaching $1B cumulative mint/redeem volume on Canton
SV Reward Mechanics
An extraBeneficiary PartyID tied to an escrowed Super Validator will be configured by the Global Synchronizer Foundation (GSF) with the full maximum weight defined in this CIP.
-
Paxos will coordinate escrow configuration with the GSF and the SV node operator
-
Paxos is responsible for all costs associated with operating the escrow SV
-
The escrow SV will not mint rewards on a block-by-block basis; all rewards accrue to the Unclaimed Rewards Pool
Upon milestone completion:
-
Paxos submits proof of completion and reward calculation to the Tokenomics Working Group
-
Upon approval, the GSF updates the extraBeneficiary PartyID
-
⅔ of active Super Validators assign the approved reward weight
Copyright
-
This CIP is licensed under CC0-1.0: Creative Commons CC0 1.0 Universal.
Changelog
-
2026-09-14: Initial draft published
-
- DA endorsesOn Fri, Sep 18, 2026 at 8:16 AM Amanda Martin via lists.sync.global <amanda=canton.foundation@...> wrote:
Please see updated CIP with one of the measurements updated
Title: Add Paxos as a Super Validator (weight 8.0)Author: Eric Saraniecki
Status: Proposed
Created: 2026-XX-XX
Type: Governance
License: CC0-1.0
Abstract
This proposal adds Paxos as a Super Validator (SV) on the Canton Network with a maximum potential weight of 8.0, tied to the integration and operation of stablecoin treasury management workflows on Canton.
Paxos is the issuer of major regulated stablecoins, and operates regulated infrastructure for custody and settlement. This proposal aligns SV rewards with Paxos bringing treasury management, issuance, and settlement flows on-chain, enabling 24×7 programmable cash infrastructure on Canton.
About Paxos
Paxos is a regulated financial institution specializing in blockchain-based infrastructure, including stablecoin issuance, custody, and settlement services. Paxos issues regulated stablecoins and plays a key role in bridging traditional financial systems with digital asset infrastructure.
Paxos is uniquely positioned to bring on-chain cash, treasury management, and settlement workflows to Canton at scale.
Commitment Milestones
Milestone
Description
Deadline from CIP Approval
SV Weight Earned
Stablecoin Native Integration
Integrate Paxos stablecoin issuance platform natively on Canton, enabling issuance, redemption, and operation directly on the network and mint an aggregate of $20m of major Paxos-issued stablecoins.
+6 months
+3
Reserve Management MVP
Deliver an MVP in production of stablecoin reserve management on Canton. This may include: holding reserves on Canton in the form of tokenized treasuries, reverse repo, and/or digital demand deposits.
+9 months
+1
Automated Mint / Redeem
Enable automated mint and redeem functionality for stablecoins managed by Paxos on Canton, allowing approved participants to mint/redeem 24×7 using on-chain digital demand deposits, tokenized US treasuries, or reverse-repo settling on chain.
+12 months
+1
Adoption Bonus (Mint / Redeem Volume)
Earn additional SV weight based on usage of the on-chain create/redeem mechanism. +0.5 SV weight per $200M of stablecoins minted on Canton (can be transferred to other chains).
Earn additional SV weight based on Reserve Management mechanism. +0.5 SV weight per average of $200m of stablecoin treasury reserves held on Canton over a rolling 30 day period.
Adoption Bonus max +3 in total across the two categories.
Within 24 months
Up to +3
Adoption Measurement
-
Only stablecoins minted or redeemed via the on-chain Canton treasury mechanism qualify toward the adoption bonus.
-
Volume is measured on a gross basis and must be verifiable on-chain or via agreed reporting standards.
-
Maximum adoption bonus is capped at +3 SV weight.
2. Perpetual Sustainment Requirement (High Water Mark)
Weight earned via the Adoption Bonus milestone (+3.0 max) is subject to a perpetual sustainment requirement to align with the ongoing nature of SV rewards.
-
Reference Rate Calculation: For each tranche, the "Reference Rate" is the per-2-quarter rate of activity required for approval:
-
Drop in Activity Definition: A >50% decline in the rolling 2-quarter average eligible activity (Burn, Volume, or TVL) relative to the Reference Rate.
-
Remediation: If the decline persists for 2 consecutive quarters, the Accountability Committee reserves the right to apply a proportional weight reduction.
Communications Requirements
To ensure transparency and ecosystem coordination:
-
Public announcement at time of CIP approval outlining Paxos’ integration plans
-
Public communication upon completion of each of the first three milestones
-
Additional announcement upon reaching $1B cumulative mint/redeem volume on Canton
SV Reward Mechanics
An extraBeneficiary PartyID tied to an escrowed Super Validator will be configured by the Global Synchronizer Foundation (GSF) with the full maximum weight defined in this CIP.
-
Paxos will coordinate escrow configuration with the GSF and the SV node operator
-
Paxos is responsible for all costs associated with operating the escrow SV
-
The escrow SV will not mint rewards on a block-by-block basis; all rewards accrue to the Unclaimed Rewards Pool
Upon milestone completion:
-
Paxos submits proof of completion and reward calculation to the Tokenomics Working Group
-
Upon approval, the GSF updates the extraBeneficiary PartyID
-
⅔ of active Super Validators assign the approved reward weight
Copyright
-
This CIP is licensed under CC0-1.0: Creative Commons CC0 1.0 Universal.
Changelog
-
2026-09-14: Initial draft published
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