Summary
This CIP proposes that the Tokenomics Committee has the right to recommend adjustments to the ledger cost parameter ($/MB) to the Super Validators (SVs) without requiring a new CIP each time. This will enable proactive management of accelerated scaling demand while longer-term scaling investments are deployed.
Motivation
The Canton Network is experiencing incredible demand and has rapidly accelerating momentum across institutional and retail adoption.
- Institutional Onboarding: A significant waiting list exists for new validators.
- Retail Readiness: Retail motions are beginning to onboard users by the tens of thousands with continued pent-up demand.
- Asset Growth: Multiple new assets are expected to come online in quick succession.
All of this is leading to rapidly accelerating expansion and adoption of the network.
Long-term scaling investments are in progress. However, in the short term, the network requires some adjustment to align incentives and maintain orderly scaling.
Proposed Changes
Until a new CIP revokes this process:
- The Tokenomics Committee will periodically review on-chain and off-chain scaling data.
- Based on its assessment, the Committee will make recommendations to Super Validators regarding the appropriate cost per MB ($/MB) to use the ledger.