CIP-0048: Raising the reward caps for Validators and Application Providers | CIP Discussion

Wayne CollierOriginal post

Feb 24, 2025

I propose that we raise the reward minting caps for Validators and application providers by a factor of 200X, to $570 USD/round for Validators, and 20,000X the burned CC in a featured transaction, for application providers. This will have the effect of eliminating minting caps until Canton Coin reaches a conversion rate of $1 USD per Canton Coin. The Super Validators can implement this change via an onchain vote.

Specification

Super Validator node operators will perform an onchain vote to make the following changes:

Change issuanceCurve.initialValue.optValidatorFaucetCap

From 2.85

To 570

Change issuanceCurve.initialValue.featuredAppRewardCap

From 100

To 20000 (20,000)

On DevNet, followed by TestNet and then MainNet.

Detailed motivation and rationale in this PR:
https://github.com/global-synchronizer-foundation/cips/blob/841a75815f15395b16be167848058c2f8f934d5c/cip-0048/cip-0048.md

Chris Matturri

Feb 25, 2025

This makes a lot of sense and something we would support. Seems necessary once conversion rates start increasing from $.005 to prevent unminted tokens

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On Mon, Feb 24, 2025 at 2:02 PM Wayne Collier via lists.sync.global <wayne.collier=digitalasset.com@...> wrote:

I propose that we raise the reward minting caps for Validators and application providers by a factor of 200X, to $570 USD/round for Validators, and 20,000X the burned CC in a featured transaction, for application providers. This will have the effect of eliminating minting caps until Canton Coin reaches a conversion rate of $1 USD per Canton Coin. The Super Validators can implement this change via an onchain vote.

Specification

Super Validator node operators will perform an onchain vote to make the following changes:

Change issuanceCurve.initialValue.optValidatorFaucetCap

From 2.85

To 570

Change issuanceCurve.initialValue.featuredAppRewardCap

From 100

To 20000 (20,000)

On DevNet, followed by TestNet and then MainNet.

Detailed motivation and rationale in this PR:
https://github.com/global-synchronizer-foundation/cips/blob/841a75815f15395b16be167848058c2f8f934d5c/cip-0048/cip-0048.md

Kinga Bosse

Feb 27, 2025

MPCH is in favor

Kinga Z. Bosse

COO|MPCH|www.mpch.com

Book time to meet with me

From: cip-discuss@... <cip-discuss@...> on behalf of Wayne Collier via lists.sync.global <wayne.collier=digitalasset.com@...>
Date: Monday, February 24, 2025 at 2:02 PM
To: cip-discuss@... <cip-discuss@...>
Subject: [cip-discuss] CIP-0048: Raising the reward caps for Validators and Application Providers

I propose that we raise the reward minting caps for Validators and application providers by a factor of 200X, to $570 USD/round for Validators, and 20,000X the burned CC in a featured transaction, for application providers. This will have the effect of eliminating minting caps until Canton Coin reaches a conversion rate of $1 USD per Canton Coin. The Super Validators can implement this change via an onchain vote.

Specification

Super Validator node operators will perform an onchain vote to make the following changes:

Change issuanceCurve.initialValue.optValidatorFaucetCap

From 2.85

To 570

Change issuanceCurve.initialValue.featuredAppRewardCap

From 100

To 20000 (20,000)

On DevNet, followed by TestNet and then MainNet.

Detailed motivation and rationale in this PR:
https://github.com/global-synchronizer-foundation/cips/blob/841a75815f15395b16be167848058c2f8f934d5c/cip-0048/cip-0048.md

Specification

Specification

Specification

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