CIP-0074: Add BitGo as an SV of Weight 5

See below for submission to include BitGo as a SV with a weight of 5. Also attached as PDF for reference. 

CIP 00XX

 CIP: CIP 00XX

  Title:  Add BitGo as an SV of Weight 5

  Author: Eric Saraniecki, Jacob McCrum

  Status:   

  Type:  Governance

  Created: 2025-08-15

  Approved: 

  License: CC0-1.0

Abstract:

• Add BitGo as an SV of Weight 5

About Applicant:

BitGo is the leading infrastructure provider of digital asset solutions, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have focused on enabling our clients to securely navigate the digital asset space. With a large global presence through multiple regulated entities, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, as well as millions of retail investors worldwide. As the operational backbone of the digital economy, BitGo handles a significant portion of Bitcoin network transactions and is the largest independent digital asset custodian, and staking provider, in the world.

• Over 2000 institutional clients across more than 90 countries.
• Provides services to over 100 crypto exchanges globally.
• Support for over 1200 coins and tokens.

Deliverables for full SV Reward:

SV Reward Mechanics:

• An extraBeneficiary PartyID associated with the ‘escrowed’ Super Validator will be setup by the GSF with an SV Weight at the maximum earnable weight. This will not include the potential "First to Production" or "Second to Production" bonus weights.

• The Applicant is responsible for coordinating the process of setting up the escrowed weights with the GSF and the operator of the GSF SV node.
• The Applicant is responsible for all costs associated with the operation of the escrow SV
• The escrow SV will NOT mint rewards on a block by block basis
• All escrow SV rewards will go to the Unclaimed Rewards pool

• ⅔ of the Super Validator Operators will update their configurations to allow GSF to host the full weight to be earned by the given Super Validator
• 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

• The GSF will update the extraBeneficiary to an active PartyID controlled by that Super Validator.
• ⅔ of Super Validator Operators will then assign a portion of the Unclaimed Rewards to be minted by the Applicant’s Validator, based on the calculation approved by the Tokenomics working group.

• 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 assigned to the extraBeneficiary SV will be removed from the GSF node configuration, and the total SV weight of the GSF SV node will be reduced by the same amount by a vote of the Super Validators.
• 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. This SV node will join the network with an SV weight of zero (0) and may add weights as the SV completes the milestones listed in this CIP.

Copyright

This CIP is licensed under CC0-1.0: Creative Commons CC0 1.0 Universal.