Från: cip-discuss@... <cip-discuss@...> på uppdrag av Eric Saraniecki via lists.sync.global <eric=digitalasset.com@...>
Skickat: torsdag, juli 10, 2025 12:46
Till: cip-discuss@... <cip-discuss@...>
Kopia: cip-discuss@... <cip-discuss@...>
Ämne: Re: [cip-discuss] CIP-00XX: One-Time Allocation of Historical Unclaimed Rewards to GSF
The SVs were never expected to earn these rewards
I am opposed to specifying how the GSF would use them
On Jul 10, 2025, at 7:27 AM, James Lang via lists.sync.global <james=libertycityventures.com@...> wrote:
I believe that we are awaiting an answer as to other options. This is at current prices a )
$100 million allocation. Alternatives could include adding back to the SV reward pool. These were rewards that all SVs expected to earn. In the event a decision is made to grant to the foundation, perhaps the resolution should specify items
like how the Canton could be spent, lock up period. For example, 80% of the Canton Coin could be earmarked for ecosystem grants. Further in return for this allocation perhaps GSF annual membership fees could be eliminated for the current members eligible to
vote.
James Lang
Managing Director
On Jul 10, 2025, at 6:34 AM, Yiannis Varelas via lists.sync.global <y=fivenorth.io@...> wrote:
Five North in favor as well and happy to sponsor/endorse as well.
Y.
On Thu, Jul 10, 2025 at 10:44 Veronica Augustsson via lists.sync.global <veronica=7ridge.com@...> wrote:
Thank you Chris.
7RIDGE/C7 is in favour and happy to sponsor if needed.
Veronica
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V E R O N I C A A U G U S T S S O N
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P A R T N E R
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7RIDGE IS A PRIVATE MARKETS ASSET MANAGER INVESTED IN TRANSFORMATIVE TECHNOLOGY FOR FINANCIAL SERVICES TO POWER THE GLOBAL ECONOMY
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Signature for V e r o n i c a A u g u s t s s o n
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From: cip-discuss@... <cip-discuss@...>
On Behalf Of Chris Zuehlke via lists.sync.global
Sent: Wednesday, 9 July 2025 21:56
To: cip-discuss@...
Subject: Re: [cip-discuss] CIP-00XX: One-Time Allocation of Historical Unclaimed Rewards to GSF
As discussed on the call today, please see the below for the updated draft CIP. It includes language in the "Specification" section pertaining to the verification of the party's delivery address and requirement for a test send
prior to sending the full amount.
Full text below.
Author: Eric W Saraniecki
Status: Draft
Type: Meta / Tokenomics
Created: 2025-06-13
Approved: TBD
License: CC0-1.0
Summary
This proposal authorizes a one-time allocation of
historical unclaimed rewards from the Canton validator reward pool to the
Global Synchronizer Foundation (GSF). These funds compensate GSF for its critical contributions to the design, governance, and operational stability of the Global Synchronizer.
Motivation
GSF has played a foundational role in establishing and maintaining the systems that govern the Canton Network, including:
- Launching the legal entity, onboarding founding members, and establishing governance processes for the Global Synchronizer
- Defining and maintaining long-term technical roadmaps for protocol coordination
- Structuring pathways for meaningful community engagement and contribution
- Leading coordination and execution of Super Validator governance and network-wide decision-making
Scope and Exclusions
- Included:
- All
unclaimed validator rewards as of the effective date of this proposal that are
not explicitly reserved under any approved milestone-based SV reward schedule.
- At time of drafting this note, it is expected that 1.6 to 1.7 billion CC will transfer to the GSF from this action
- Excluded:
- Any
future unclaimed rewards
- Rewards currently held in escrow or contractually earmarked for
SV milestone-based delivery
Specification
- Recipient: Global Synchronizer Foundation Treasury (designated on-chain address)
- The Global Synchronizer Foundation to supply the appropriate on-chain address for delivery, the GSF Tokenomics Committee to verify the address prior to the transfer.
- Transfer Mechanism: One-time disbursement authorized via governance
- Prior to initiating any send of assets, the GSF Tokenomics committee must manually review the designated address and confirm it is accurate.
- The GSF Tokenomics Committee to leverage best practices for the relevant disbursement which shall include:
- At least one successfully completed de minimis sized transfer from the unclaimed pool to the designated Global Synchronizer Foundation address. Any such test transfer must be
confirmed to have been properly received by the designated address. Any failures for this test send must be resolved and subsequently successfully retested before sending the full balance.
- Upon successfully completely a test transfer as described above, the remaining balance may be sent to the designated address.
- The Global Synchronizer Foundation and GSF Tokenomics committee independently confirm the expected CC have been received.
- Reference Date: Snapshot to be taken at a designated block height or timestamp to establish the reward pool eligible for reallocation
Actions
- IEU to calculate amount of unclaimed rewards to be assigned to the GSF as of a specific block height
- IEU to initiate on-chain process for GSF to mint unclaimed coins when ready
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