CIP-0069 Add Ledger as an SV of Weight 5

Hello,

Please find open for discussion: CIP-00XX Add Ledger as an SV of Weight 5  

Here on GitHub  
Full text below.

Abstract:

Add Ledger as an SV of Weight 5

About Applicant:

Ledger is the global leader in security and infrastructure solutions for critical digital assets and blockchain applications. Through Ledger Live and Ledger Enterprise, Ledger provides comprehensive self-custody solutions trusted by millions of individuals and enterprises globally, safeguarding assets across the blockchain ecosystem.

Stats:

• > 6 million devices sold globally

• > $1 trillion in value secured

• Ledger Live supports >5 million active users monthly

Deliverables for full SV Reward:

Deliverable	Acceptance Criteria	Deadline	Weight Earned
Ledger Live support for Canton Token Standard	* Ledger Live customers can self-custody any asset on the Canton Network adhering to the Canton Token Standard	+ 180 Days from CIP Approval	0.5
Ledger Enterprise support for Canton Token Standard	* Ledger Enterprise customers can self-custody any asset on the Canton Network adhering to the Canton Token Standard.	+ 180 Days from CIP Approval	0.5
Acceleration Bonus (Ledger Live)	* At least one Ledger Live customer must be live, having completed a transaction on MainNet * If delivered <=60 Days from SV CIP Approval (Bonus +2) * If delivered in 180 Days from SV CIP Approval (Bonus +0) * Linear sliding scale between +60 and +180 days * Example : If Ledger delivers Ledger Live support on Day 120 from SV Approval, Ledger is awarded a Bonus of +1	+ 180 Days from CIP Approval	Max 2
Adoption Bonus	* Driving adoption of Canton with existing Ledger customers across Ledger Live and Ledger Enterprise	+ 180 Days from going live	+ 0.5 per $1.5b of assets transferred up to a maximum of +2

SV Mechanics: 

• An ‘representative’ SV will be setup by the GSF with an SV Weight at the maximum earnable weight in this CIP

• The Applicant is responsible for all costs associated with the operation of the representative SV

• The representative SV will NOT mint rewards on a block by block basis

• All representative SV rewards will go to the Unclaimed Rewards pool

• Applicant is required to present proof of successful completed milestones to the Tokenomics Working Group

• Applicant is required to present a calculation for number of Canton Coin it should earn for meeting the requirements of the milestone

• If the Tokenomics Working Group agrees the milestone has been met and agrees with the calculation, an announcement will be sent via the Tokenomics-Announce mailing List

• ⅔ of Super Validator Operators will then assign a portion of the Unclaimed Rewards to be minted by the Applicant’s Validator

• ⅔ of the Super Validator Operators will update their configurations to allow Applicant to takeover a portion of their SV Weight on a go-forward basis

• If any milestones and associated rewards are not achieved by the deadline

• Applicant will be notified they have not met a deliverable by the GSF 

• Remaining SV Weight on the representative SV will be removed from the SV Operator configs

• The Tokenomics Working Group will make a recommendation to the SVs on what to do with the Unclaimed Rewards 

• Applicant is subject to CIP-0045 : SV Operating Requirements

• If, at any time, the Applicant has been rewarded SV Weight > 2.5, they are required to operate their SV within 6 months of crossing that Weight