CIP-0052 Monstera FZE as a SV at Weight - Eric Saraniecki

And what happens with any escrowed CC awards that go unearned as a result of failing to meet KPIs?  Would they be distributed pro-rata to existing SVs in good standing?

 

That seems like the appropriate approach (technical complexity notwithstanding).

 

Side note, this is a good question to form a standard answer to for these structures going forward.

 

Thanks

Chris

 

 

From: cip-discuss@... <cip-discuss@...> On Behalf Of Eric Saraniecki via lists.sync.global
Sent: Monday, March 17, 2025 8:53 AM
To: cip-discuss@...
Subject: [ext] Re: [cip-discuss] CIP 00XX Monstera FZE as a SV at Weight - Eric Saraniecki

 

No - the weight is only released if they earn the milestones - as authored, they don't earn a single coin unless they deliver On Mar 17, 2025, at 9: 46 AM, Jan Hoenisch via lists. sync. global <jan. hoenisch=mpch. com@ lists. sync. global>

No - the weight is only released if they earn the milestones - as authored, they don't earn a single coin unless they deliver 

 

 

On Mar 17, 2025, at 9:46 AM, Jan Hoenisch via lists.sync.global <jan.hoenisch=mpch.com@...> wrote:



What is they underperform, do they still get a weight 3.0?

 

From: cip-discuss@... <cip-discuss@...> on behalf of DrAmandaLMartin via lists.sync.global <amartin=linuxfoundation.org@...>
Date: Friday, March 14, 2025 at 15:33
To: cip-discuss@... <cip-discuss@...>
Subject: [cip-discuss] CIP 0052 Monstera FZE as a SV at Weight [3]

Hello,

Please find the cip-0052 open for discussion at the PR https://github.com/global-synchronizer-foundation/cips/pull/41. Full text below. 

 

DA is the sponsor.  
In order to move to a vote we are requesting a Super Validator Node Operator to endorse the CIP.

 

Anyone SV Node Operator willing to endorse or change needed?

 

Summary

• Monstera FZE (“Monstera”) as a SV at Weight [3]
• Monstera commits to bring at least 5 major users of Canton to the Network in the next 6 months
• If Monstera overperforms and provides > 5 major users, it will earn 0.75 incremental SV weight (at the time the participant goes live on MainNet) for each approved participant above the 5 up to a total SV Weight of 5.25 possible 

Motivation

• Similar to the 5North Ecosystem Fund, the goal is to bring awareness to the network at a different level. Here we are looking to partner with industry leaders who can adopt the collateral, stablecoin and other products being deployed into the Network

Commitment

• Monstera commits to deploy its own time and capital to bring these users to the Network
• Monstera commits to integrate the new user with assets issued on the Global Synchronizer (eg USDC, USYC)
• Example potential participants include (connection in parentheses):

• APAC:

• Tokyo Dome / Mitsui Fudosan (Chairman)
• Sun Hung Kai & Co (CEO & Majority Shareholder)
• Air Asia (Founder & CEO)

• Middle East:

• Mashreq Bank (CEO)
• Dubai Stock Exchange (CEO)
• Abu Dhabi First Bank (Board Member)

• Europe: 

• Deutsche Bank (Board Member)
• Munich Re (Board Member)

• LATAM: 

• Salinas Group (Founder, Chairman)

• The GSF Tokenomics committee commits to deliberate each proposed participant and clearly notify Monstera if the participant would count against the commitment quota 
• Coins are earned on the GSF SV and will be held by the Foundation in a segregated account until released to Monstera as each participant successfully joins the Network

• 20% of escrow holdings will be released with each approved participant joining the Network
• 20% of SV weight will be assigned to Monstera Validator with each approved participant joining the Network

• Monstera will meet with the GSF Tokenomics committee once every 30 days and provide a progress report towards stated commitments

About David Stern and Witan Group

Monstera is the digital asset focused subsidiary of the wider Witan Group.

 

David Stern is Chairman of the Witan Group, a private investment company that operates from Hong Kong, Beijing, London and Dubai.

 

Mr Stern is currently Vice Chairman of Sphere Entertainment Co., a premier live entertainment and media company. The first Sphere venue opened in Las Vegas in September 2023 and is a next-generation entertainment medium that is redefining the future of live entertainment.

 

Mr Stern is a serial entrepreneur and started a China focused advisory business in 2001, before founding the data technology company CMDS which was sold in 2010 to a UK listed FTSE-250 company.

 

In 2016 Mr. Stern became Chairman of Celestial, a joint venture between his Witan Group and a Fortune 500 company. In 2017 Mr. Stern was a founding investor of Canoo, a US electric vehicle company, which listed on Nasdaq in 2020 at a US$ 2.4 billion valuation. 

 

Mr. Stern is currently Supervisory Board Member of the Holy Fashion Group in Switzerland and Advisory Board Member of the University of Cambridge Judge Business School.

Proposed Changes

• Increase the GSF’s minting weight +3 and assign to a segregated account controlled by the GSF
• GSF will distribute funds from extra weight to Monstera as commitments are met
• GSF will distribute SV Weight to Monstera Validator as commitments are met

 

 

Dr. Amanda L. Martin
814-359-6544

The Linux Foundation

Director of Program Management

Github  | LinkedIn  | Calendar

This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at http://www.digitalasset.com/emaildisclaimer.html. If you are not the intended recipient, please delete this message.

This e-mail and any attachments may contain information that is confidential and proprietary and otherwise protected from disclosure. If you are not the intended recipient of this e-mail, do not read, duplicate or redistribute it by any means. Please immediately delete it and any attachments and notify the sender that you have received it by mistake. Unintended recipients are prohibited from taking action on the basis of information in this e-mail or any attachments. The DRW Companies make no representations that this e-mail or any attachments are free of computer viruses or other defects.

Understood on your historical attribution perspective.  Agreed it would be complex to do so correctly.  I’m open to either approach and happy to continue to engage with the group if there are strong preferences in either direction.

 

That aside, what about the SV weight going forward in the event a KPI isn’t met?  Can we clarify that after a certain point of time any weight/KPI failed to be captured is reverted to 0 rather than remaining with the GSF in perpetuity?  I would make that date match what ever the final date to meet the KPI is.

 

Chris  

 

From: cip-discuss@... <cip-discuss@...> On Behalf Of Eric Saraniecki via lists.sync.global
Sent: Monday, March 17, 2025 9:41 AM
To: cip-discuss@...
Subject: [ext] Re: [cip-discuss] CIP 00XX Monstera FZE as a SV at Weight - Eric Saraniecki

 

I think that would be more complicated than necessary - someone would need to calculate the time weighted reward each party would get, would we need to consider downtime of the SV, etc. It's doable if this is what the SVs want. I think better

I think that would be more complicated than necessary - someone would need to calculate the time weighted reward each party would get, would we need to consider downtime of the SV, etc. It's doable if this is what the SVs want.

 

I think better if just goes to Foundation if milestones unmet 

 

My logic is - the SVs agreed to do this sort of ecosystem development (at their own opportunity cost) and this partner failed. Better to let the GSF have the earned rewards and they can determine how best to spend those funds on the ecosystem development the SVs had hoped for 

 

Also want the SVs to have some skin in the game on the SVs they approve - it's rare than anyone can ecosystem build in a vacuum so giving the SVs a risk-free option would likely create risk-free behaviors 

 

On Mon, Mar 17, 2025 at 10:33 AM Chris Zuehlke via lists.sync.global <czuehlke=drwholdings.com@...> wrote:

And what happens with any escrowed CC awards that go unearned as a result of failing to meet KPIs?  Would they be distributed pro-rata to existing SVs in good standing?

 

That seems like the appropriate approach (technical complexity notwithstanding).

 

Side note, this is a good question to form a standard answer to for these structures going forward.

 

Thanks

Chris

 

 

From: cip-discuss@... <cip-discuss@...> On Behalf Of Eric Saraniecki via lists.sync.global
Sent: Monday, March 17, 2025 8:53 AM
To: cip-discuss@...
Subject: [ext] Re: [cip-discuss] CIP 00XX Monstera FZE as a SV at Weight - Eric Saraniecki

 

No - the weight is only released if they earn the milestones - as authored, they don't earn a single coin unless they deliver On Mar 17, 2025, at 9: 46 AM, Jan Hoenisch via lists. sync. global <jan. hoenisch=mpch. com@ lists. sync. global>

No - the weight is only released if they earn the milestones - as authored, they don't earn a single coin unless they deliver 

 

 

On Mar 17, 2025, at 9:46 AM, Jan Hoenisch via lists.sync.global <jan.hoenisch=mpch.com@...> wrote:



What is they underperform, do they still get a weight 3.0?

 

From: cip-discuss@... <cip-discuss@...> on behalf of DrAmandaLMartin via lists.sync.global <amartin=linuxfoundation.org@...>
Date: Friday, March 14, 2025 at 15:33
To: cip-discuss@... <cip-discuss@...>
Subject: [cip-discuss] CIP 0052 Monstera FZE as a SV at Weight [3]

Hello,

Please find the cip-0052 open for discussion at the PR https://github.com/global-synchronizer-foundation/cips/pull/41. Full text below. 

 

DA is the sponsor.  
In order to move to a vote we are requesting a Super Validator Node Operator to endorse the CIP.

 

Anyone SV Node Operator willing to endorse or change needed?

 

Summary

• Monstera FZE (“Monstera”) as a SV at Weight [3]
• Monstera commits to bring at least 5 major users of Canton to the Network in the next 6 months
• If Monstera overperforms and provides > 5 major users, it will earn 0.75 incremental SV weight (at the time the participant goes live on MainNet) for each approved participant above the 5 up to a total SV Weight of 5.25 possible 

Motivation

• Similar to the 5North Ecosystem Fund, the goal is to bring awareness to the network at a different level. Here we are looking to partner with industry leaders who can adopt the collateral, stablecoin and other products being deployed into the Network

Commitment

• Monstera commits to deploy its own time and capital to bring these users to the Network
• Monstera commits to integrate the new user with assets issued on the Global Synchronizer (eg USDC, USYC)
• Example potential participants include (connection in parentheses):

• APAC:

• Tokyo Dome / Mitsui Fudosan (Chairman)
• Sun Hung Kai & Co (CEO & Majority Shareholder)
• Air Asia (Founder & CEO)

• Middle East:

• Mashreq Bank (CEO)
• Dubai Stock Exchange (CEO)
• Abu Dhabi First Bank (Board Member)

• Europe: 

• Deutsche Bank (Board Member)
• Munich Re (Board Member)

• LATAM: 

• Salinas Group (Founder, Chairman)

• The GSF Tokenomics committee commits to deliberate each proposed participant and clearly notify Monstera if the participant would count against the commitment quota 
• Coins are earned on the GSF SV and will be held by the Foundation in a segregated account until released to Monstera as each participant successfully joins the Network

• 20% of escrow holdings will be released with each approved participant joining the Network
• 20% of SV weight will be assigned to Monstera Validator with each approved participant joining the Network

• Monstera will meet with the GSF Tokenomics committee once every 30 days and provide a progress report towards stated commitments

About David Stern and Witan Group

Monstera is the digital asset focused subsidiary of the wider Witan Group.

 

David Stern is Chairman of the Witan Group, a private investment company that operates from Hong Kong, Beijing, London and Dubai.

 

Mr Stern is currently Vice Chairman of Sphere Entertainment Co., a premier live entertainment and media company. The first Sphere venue opened in Las Vegas in September 2023 and is a next-generation entertainment medium that is redefining the future of live entertainment.

 

Mr Stern is a serial entrepreneur and started a China focused advisory business in 2001, before founding the data technology company CMDS which was sold in 2010 to a UK listed FTSE-250 company.

 

In 2016 Mr. Stern became Chairman of Celestial, a joint venture between his Witan Group and a Fortune 500 company. In 2017 Mr. Stern was a founding investor of Canoo, a US electric vehicle company, which listed on Nasdaq in 2020 at a US$ 2.4 billion valuation. 

 

Mr. Stern is currently Supervisory Board Member of the Holy Fashion Group in Switzerland and Advisory Board Member of the University of Cambridge Judge Business School.

Proposed Changes

• Increase the GSF’s minting weight +3 and assign to a segregated account controlled by the GSF
• GSF will distribute funds from extra weight to Monstera as commitments are met
• GSF will distribute SV Weight to Monstera Validator as commitments are met

 

 

Dr. Amanda L. Martin
814-359-6544

The Linux Foundation

Director of Program Management

Github  | LinkedIn  | Calendar

This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at http://www.digitalasset.com/emaildisclaimer.html. If you are not the intended recipient, please delete this message.

This e-mail and any attachments may contain information that is confidential and proprietary and otherwise protected from disclosure. If you are not the intended recipient of this e-mail, do not read, duplicate or redistribute it by any means. Please immediately delete it and any attachments and notify the sender that you have received it by mistake. Unintended recipients are prohibited from taking action on the basis of information in this e-mail or any attachments. The DRW Companies make no representations that this e-mail or any attachments are free of computer viruses or other defects.

 

--

W. Eric Saraniecki

Co-founder / +1 773 719 1983

Digital Asset, creators of Daml

This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at http://www.digitalasset.com/emaildisclaimer.html. If you are not the intended recipient, please delete this message.

That works for me, want to make that edit?

 

From: cip-discuss@... <cip-discuss@...> On Behalf Of Eric Saraniecki via lists.sync.global
Sent: Monday, March 17, 2025 1:33 PM
To: cip-discuss@...
Subject: [ext] Re: [cip-discuss] CIP 00XX Monstera FZE as a SV at Weight - Eric Saraniecki

 

Ah that's a great idea - I would say any 'forfeited' weighting from missed deliverable goes back into the pool - that's easy to do and sounds right to me On Mon, Mar 17, 2025 at 2: 31 PM Chris Zuehlke via lists. sync. global <czuehlke=drwholdings. com@ lists. sync. global>

Ah that's a great idea - I would say any 'forfeited' weighting from missed deliverable goes back into the pool - that's easy to do and sounds right to me 

 

 

 

On Mon, Mar 17, 2025 at 2:31 PM Chris Zuehlke via lists.sync.global <czuehlke=drwholdings.com@...> wrote:

Understood on your historical attribution perspective.  Agreed it would be complex to do so correctly.  I’m open to either approach and happy to continue to engage with the group if there are strong preferences in either direction.

 

That aside, what about the SV weight going forward in the event a KPI isn’t met?  Can we clarify that after a certain point of time any weight/KPI failed to be captured is reverted to 0 rather than remaining with the GSF in perpetuity?  I would make that date match what ever the final date to meet the KPI is.

 

Chris  

 

From: cip-discuss@... <cip-discuss@...> On Behalf Of Eric Saraniecki via lists.sync.global
Sent: Monday, March 17, 2025 9:41 AM
To: cip-discuss@...
Subject: [ext] Re: [cip-discuss] CIP 00XX Monstera FZE as a SV at Weight - Eric Saraniecki

 

I think that would be more complicated than necessary - someone would need to calculate the time weighted reward each party would get, would we need to consider downtime of the SV, etc. It's doable if this is what the SVs want. I think better

I think that would be more complicated than necessary - someone would need to calculate the time weighted reward each party would get, would we need to consider downtime of the SV, etc. It's doable if this is what the SVs want.

 

I think better if just goes to Foundation if milestones unmet 

 

My logic is - the SVs agreed to do this sort of ecosystem development (at their own opportunity cost) and this partner failed. Better to let the GSF have the earned rewards and they can determine how best to spend those funds on the ecosystem development the SVs had hoped for 

 

Also want the SVs to have some skin in the game on the SVs they approve - it's rare than anyone can ecosystem build in a vacuum so giving the SVs a risk-free option would likely create risk-free behaviors 

 

On Mon, Mar 17, 2025 at 10:33 AM Chris Zuehlke via lists.sync.global <czuehlke=drwholdings.com@...> wrote:

And what happens with any escrowed CC awards that go unearned as a result of failing to meet KPIs?  Would they be distributed pro-rata to existing SVs in good standing?

 

That seems like the appropriate approach (technical complexity notwithstanding).

 

Side note, this is a good question to form a standard answer to for these structures going forward.

 

Thanks

Chris

 

 

From: cip-discuss@... <cip-discuss@...> On Behalf Of Eric Saraniecki via lists.sync.global
Sent: Monday, March 17, 2025 8:53 AM
To: cip-discuss@...
Subject: [ext] Re: [cip-discuss] CIP 00XX Monstera FZE as a SV at Weight - Eric Saraniecki

 

No - the weight is only released if they earn the milestones - as authored, they don't earn a single coin unless they deliver On Mar 17, 2025, at 9: 46 AM, Jan Hoenisch via lists. sync. global <jan. hoenisch=mpch. com@ lists. sync. global>

No - the weight is only released if they earn the milestones - as authored, they don't earn a single coin unless they deliver 

 

 

On Mar 17, 2025, at 9:46 AM, Jan Hoenisch via lists.sync.global <jan.hoenisch=mpch.com@...> wrote:



What is they underperform, do they still get a weight 3.0?

 

From: cip-discuss@... <cip-discuss@...> on behalf of DrAmandaLMartin via lists.sync.global <amartin=linuxfoundation.org@...>
Date: Friday, March 14, 2025 at 15:33
To: cip-discuss@... <cip-discuss@...>
Subject: [cip-discuss] CIP 0052 Monstera FZE as a SV at Weight [3]

Hello,

Please find the cip-0052 open for discussion at the PR https://github.com/global-synchronizer-foundation/cips/pull/41. Full text below. 

 

DA is the sponsor.  
In order to move to a vote we are requesting a Super Validator Node Operator to endorse the CIP.

 

Anyone SV Node Operator willing to endorse or change needed?

 

Summary

• Monstera FZE (“Monstera”) as a SV at Weight [3]
• Monstera commits to bring at least 5 major users of Canton to the Network in the next 6 months
• If Monstera overperforms and provides > 5 major users, it will earn 0.75 incremental SV weight (at the time the participant goes live on MainNet) for each approved participant above the 5 up to a total SV Weight of 5.25 possible 

Motivation

• Similar to the 5North Ecosystem Fund, the goal is to bring awareness to the network at a different level. Here we are looking to partner with industry leaders who can adopt the collateral, stablecoin and other products being deployed into the Network

Commitment

• Monstera commits to deploy its own time and capital to bring these users to the Network
• Monstera commits to integrate the new user with assets issued on the Global Synchronizer (eg USDC, USYC)
• Example potential participants include (connection in parentheses):

• APAC:

• Tokyo Dome / Mitsui Fudosan (Chairman)
• Sun Hung Kai & Co (CEO & Majority Shareholder)
• Air Asia (Founder & CEO)

• Middle East:

• Mashreq Bank (CEO)
• Dubai Stock Exchange (CEO)
• Abu Dhabi First Bank (Board Member)

• Europe: 

• Deutsche Bank (Board Member)
• Munich Re (Board Member)

• LATAM: 

• Salinas Group (Founder, Chairman)

• The GSF Tokenomics committee commits to deliberate each proposed participant and clearly notify Monstera if the participant would count against the commitment quota 
• Coins are earned on the GSF SV and will be held by the Foundation in a segregated account until released to Monstera as each participant successfully joins the Network

• 20% of escrow holdings will be released with each approved participant joining the Network
• 20% of SV weight will be assigned to Monstera Validator with each approved participant joining the Network

• Monstera will meet with the GSF Tokenomics committee once every 30 days and provide a progress report towards stated commitments

About David Stern and Witan Group

Monstera is the digital asset focused subsidiary of the wider Witan Group.

 

David Stern is Chairman of the Witan Group, a private investment company that operates from Hong Kong, Beijing, London and Dubai.

 

Mr Stern is currently Vice Chairman of Sphere Entertainment Co., a premier live entertainment and media company. The first Sphere venue opened in Las Vegas in September 2023 and is a next-generation entertainment medium that is redefining the future of live entertainment.

 

Mr Stern is a serial entrepreneur and started a China focused advisory business in 2001, before founding the data technology company CMDS which was sold in 2010 to a UK listed FTSE-250 company.

 

In 2016 Mr. Stern became Chairman of Celestial, a joint venture between his Witan Group and a Fortune 500 company. In 2017 Mr. Stern was a founding investor of Canoo, a US electric vehicle company, which listed on Nasdaq in 2020 at a US$ 2.4 billion valuation. 

 

Mr. Stern is currently Supervisory Board Member of the Holy Fashion Group in Switzerland and Advisory Board Member of the University of Cambridge Judge Business School.

Proposed Changes

• Increase the GSF’s minting weight +3 and assign to a segregated account controlled by the GSF
• GSF will distribute funds from extra weight to Monstera as commitments are met
• GSF will distribute SV Weight to Monstera Validator as commitments are met

 

 

Dr. Amanda L. Martin
814-359-6544

The Linux Foundation

Director of Program Management

Github  | LinkedIn  | Calendar

This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at http://www.digitalasset.com/emaildisclaimer.html. If you are not the intended recipient, please delete this message.

This e-mail and any attachments may contain information that is confidential and proprietary and otherwise protected from disclosure. If you are not the intended recipient of this e-mail, do not read, duplicate or redistribute it by any means. Please immediately delete it and any attachments and notify the sender that you have received it by mistake. Unintended recipients are prohibited from taking action on the basis of information in this e-mail or any attachments. The DRW Companies make no representations that this e-mail or any attachments are free of computer viruses or other defects.

 

--

W. Eric Saraniecki

Co-founder / +1 773 719 1983

Digital Asset, creators of Daml

This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at http://www.digitalasset.com/emaildisclaimer.html. If you are not the intended recipient, please delete this message.

 

--

W. Eric Saraniecki

Co-founder / +1 773 719 1983

Digital Asset, creators of Daml

This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at http://www.digitalasset.com/emaildisclaimer.html. If you are not the intended recipient, please delete this message.

will do 

On Tue, Mar 18, 2025 at 5:12 PM Chris Zuehlke via lists.sync.global <czuehlke=drwholdings.com@...> wrote:

That works for me, want to make that edit?

 

From: cip-discuss@... <cip-discuss@...> On Behalf Of Eric Saraniecki via lists.sync.global
Sent: Monday, March 17, 2025 1:33 PM
To: cip-discuss@...
Subject: [ext] Re: [cip-discuss] CIP 00XX Monstera FZE as a SV at Weight - Eric Saraniecki

 

Ah that's a great idea - I would say any 'forfeited' weighting from missed deliverable goes back into the pool - that's easy to do and sounds right to me On Mon, Mar 17, 2025 at 2: 31 PM Chris Zuehlke via lists. sync. global <czuehlke=drwholdings. com@ lists. sync. global>

Ah that's a great idea - I would say any 'forfeited' weighting from missed deliverable goes back into the pool - that's easy to do and sounds right to me 

 

 

 

On Mon, Mar 17, 2025 at 2:31 PM Chris Zuehlke via lists.sync.global <czuehlke=drwholdings.com@...> wrote:

Understood on your historical attribution perspective.  Agreed it would be complex to do so correctly.  I’m open to either approach and happy to continue to engage with the group if there are strong preferences in either direction.

 

That aside, what about the SV weight going forward in the event a KPI isn’t met?  Can we clarify that after a certain point of time any weight/KPI failed to be captured is reverted to 0 rather than remaining with the GSF in perpetuity?  I would make that date match what ever the final date to meet the KPI is.

 

Chris  

 

From: cip-discuss@... <cip-discuss@...> On Behalf Of Eric Saraniecki via lists.sync.global
Sent: Monday, March 17, 2025 9:41 AM
To: cip-discuss@...
Subject: [ext] Re: [cip-discuss] CIP 00XX Monstera FZE as a SV at Weight - Eric Saraniecki

 

I think that would be more complicated than necessary - someone would need to calculate the time weighted reward each party would get, would we need to consider downtime of the SV, etc. It's doable if this is what the SVs want. I think better

I think that would be more complicated than necessary - someone would need to calculate the time weighted reward each party would get, would we need to consider downtime of the SV, etc. It's doable if this is what the SVs want.

 

I think better if just goes to Foundation if milestones unmet 

 

My logic is - the SVs agreed to do this sort of ecosystem development (at their own opportunity cost) and this partner failed. Better to let the GSF have the earned rewards and they can determine how best to spend those funds on the ecosystem development the SVs had hoped for 

 

Also want the SVs to have some skin in the game on the SVs they approve - it's rare than anyone can ecosystem build in a vacuum so giving the SVs a risk-free option would likely create risk-free behaviors 

 

On Mon, Mar 17, 2025 at 10:33 AM Chris Zuehlke via lists.sync.global <czuehlke=drwholdings.com@...> wrote:

And what happens with any escrowed CC awards that go unearned as a result of failing to meet KPIs?  Would they be distributed pro-rata to existing SVs in good standing?

 

That seems like the appropriate approach (technical complexity notwithstanding).

 

Side note, this is a good question to form a standard answer to for these structures going forward.

 

Thanks

Chris

 

 

From: cip-discuss@... <cip-discuss@...> On Behalf Of Eric Saraniecki via lists.sync.global
Sent: Monday, March 17, 2025 8:53 AM
To: cip-discuss@...
Subject: [ext] Re: [cip-discuss] CIP 00XX Monstera FZE as a SV at Weight - Eric Saraniecki

 

No - the weight is only released if they earn the milestones - as authored, they don't earn a single coin unless they deliver On Mar 17, 2025, at 9: 46 AM, Jan Hoenisch via lists. sync. global <jan. hoenisch=mpch. com@ lists. sync. global>

No - the weight is only released if they earn the milestones - as authored, they don't earn a single coin unless they deliver 

 

 

On Mar 17, 2025, at 9:46 AM, Jan Hoenisch via lists.sync.global <jan.hoenisch=mpch.com@...> wrote:



What is they underperform, do they still get a weight 3.0?

 

From: cip-discuss@... <cip-discuss@...> on behalf of DrAmandaLMartin via lists.sync.global <amartin=linuxfoundation.org@...>
Date: Friday, March 14, 2025 at 15:33
To: cip-discuss@... <cip-discuss@...>
Subject: [cip-discuss] CIP 0052 Monstera FZE as a SV at Weight [3]

Hello,

Please find the cip-0052 open for discussion at the PR https://github.com/global-synchronizer-foundation/cips/pull/41. Full text below. 

 

DA is the sponsor.  
In order to move to a vote we are requesting a Super Validator Node Operator to endorse the CIP.

 

Anyone SV Node Operator willing to endorse or change needed?

 

Summary

• Monstera FZE (“Monstera”) as a SV at Weight [3]
• Monstera commits to bring at least 5 major users of Canton to the Network in the next 6 months
• If Monstera overperforms and provides > 5 major users, it will earn 0.75 incremental SV weight (at the time the participant goes live on MainNet) for each approved participant above the 5 up to a total SV Weight of 5.25 possible 

Motivation

• Similar to the 5North Ecosystem Fund, the goal is to bring awareness to the network at a different level. Here we are looking to partner with industry leaders who can adopt the collateral, stablecoin and other products being deployed into the Network

Commitment

• Monstera commits to deploy its own time and capital to bring these users to the Network
• Monstera commits to integrate the new user with assets issued on the Global Synchronizer (eg USDC, USYC)
• Example potential participants include (connection in parentheses):

• APAC:

• Tokyo Dome / Mitsui Fudosan (Chairman)
• Sun Hung Kai & Co (CEO & Majority Shareholder)
• Air Asia (Founder & CEO)

• Middle East:

• Mashreq Bank (CEO)
• Dubai Stock Exchange (CEO)
• Abu Dhabi First Bank (Board Member)

• Europe: 

• Deutsche Bank (Board Member)
• Munich Re (Board Member)

• LATAM: 

• Salinas Group (Founder, Chairman)

• The GSF Tokenomics committee commits to deliberate each proposed participant and clearly notify Monstera if the participant would count against the commitment quota 
• Coins are earned on the GSF SV and will be held by the Foundation in a segregated account until released to Monstera as each participant successfully joins the Network

• 20% of escrow holdings will be released with each approved participant joining the Network
• 20% of SV weight will be assigned to Monstera Validator with each approved participant joining the Network

• Monstera will meet with the GSF Tokenomics committee once every 30 days and provide a progress report towards stated commitments

About David Stern and Witan Group

Monstera is the digital asset focused subsidiary of the wider Witan Group.

 

David Stern is Chairman of the Witan Group, a private investment company that operates from Hong Kong, Beijing, London and Dubai.

 

Mr Stern is currently Vice Chairman of Sphere Entertainment Co., a premier live entertainment and media company. The first Sphere venue opened in Las Vegas in September 2023 and is a next-generation entertainment medium that is redefining the future of live entertainment.

 

Mr Stern is a serial entrepreneur and started a China focused advisory business in 2001, before founding the data technology company CMDS which was sold in 2010 to a UK listed FTSE-250 company.

 

In 2016 Mr. Stern became Chairman of Celestial, a joint venture between his Witan Group and a Fortune 500 company. In 2017 Mr. Stern was a founding investor of Canoo, a US electric vehicle company, which listed on Nasdaq in 2020 at a US$ 2.4 billion valuation. 

 

Mr. Stern is currently Supervisory Board Member of the Holy Fashion Group in Switzerland and Advisory Board Member of the University of Cambridge Judge Business School.

Proposed Changes

• Increase the GSF’s minting weight +3 and assign to a segregated account controlled by the GSF
• GSF will distribute funds from extra weight to Monstera as commitments are met
• GSF will distribute SV Weight to Monstera Validator as commitments are met

 

 

Dr. Amanda L. Martin
814-359-6544

The Linux Foundation

Director of Program Management

Github  | LinkedIn  | Calendar

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--

W. Eric Saraniecki

Co-founder / +1 773 719 1983

Digital Asset, creators of Daml

This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at http://www.digitalasset.com/emaildisclaimer.html. If you are not the intended recipient, please delete this message.

 

--

W. Eric Saraniecki

Co-founder / +1 773 719 1983

Digital Asset, creators of Daml

This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at http://www.digitalasset.com/emaildisclaimer.html. If you are not the intended recipient, please delete this message.

--

W. Eric Saraniecki

Co-founder / +1 773 719 1983

Digital Asset, creators of Daml

This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at http://www.digitalasset.com/emaildisclaimer.html. If you are not the intended recipient, please delete this message.

Thanks Veronica, 

The heading was not correctly updated, it has been so now. Much appreciated!