Creation Conditions

Featured app activity markers are created when the following prerequisites are met:

• A provider in the Utility Registry is featured, i.e., holds a Splice.Amulet:FeaturedAppRight.

• The provider has an AppRewardConfiguration created by the operator. This configuration specifies how activity marker rewards are split between the provider and the operator.

Once these conditions are satisfied, activity markers are created during the following workflows:

• Token Standard Activity

  • Splice.Api.Token.TransferInstructionV1.TransferInstruction_Accept: When a TransferOffer is accepted by the receiving party.

  • Splice.Api.Token.AllocationV1.Allocation_ExecuteTransfer: When a DvpLegAllocation is executed, typically as part of a delivery-versus-payment (DvP) process.

• Other Activity

  • MintRequest_Accept/MintOffer_Accept: When a two-step mint request or offer is accepted.

  • BurnRequest_Accept/BurnOffer_Accept: When a two-step burn request or offer is accepted.

Example Scenario

1. The operator onboards the provider. As part of this process, the operator creates an AppRewardConfiguration for the provider, assigning a weight w to the operator and 1-w to the provider.

2. The provider onboards the registrar.

3. The registrar sets up an instrument.

4. A mint request by a token holder (sender) of that instrument is accepted by the registrar.

5. A token holder (sender) transfers tokens of that instrument to a token holder (receiver).

6. A burn request by the token holder (receiver) of that instrument is being accepted by the registrar.

For each of the steps 4-6, a Splice.Amulet:FeaturedAppActivityMarker is created for the provider and the operator, with weight 1-w and w, respectively, as specified by the AppRewardConfiguration in step 1. This results in six markers overall.

Reward Configuration

An AppRewardConfiguration is typically created for the provider when a ProviderServiceRequest is accepted. However, the operator can also create, update, or archive an AppRewardConfiguration at any time.

A provider can further refine reward sharing for a given instrument by specifying beneficiaries in the instrument’s InstrumentConfiguration. For example, the provider could allocate 60% of its own default share 1-w to itself and 40% to the registrar (or other parties). The provider beneficiary configuration of the instrument configuration would then be:

The resulting reward distribution for activity markers would be:

If you are a provider, please contact Digital Asset to ensure this functionality is enabled for your party with the correct reward split.