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[ToD] policies for allowing shards to connect to mainet #18

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jimscarver opened this issue Aug 11, 2021 · 0 comments
Open

[ToD] policies for allowing shards to connect to mainet #18

jimscarver opened this issue Aug 11, 2021 · 0 comments
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@jimscarver
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jimscarver commented Aug 11, 2021

Title: policies for allowing shards to connect to mainet
Description
well behaved shards can connect if:

  1. shards using rev as the utility token can connect to mainnet
    • all rev tokens in shard in escrow on mainnet
    • rev may be purchased from coop
    • enforcement?
  2. We hold a 10%(?) of their tokens (mostly?) staked on their shard.
    • contract to withdraw stake. 1% per year?
  3. special arrangement
    • standard support contract
    • We may forgo our stake in their currency for other consideration.
    • We may award rev to access mainnet mainnet during startup, possibly for a greater stake.

Context:
Many shards may wish to connect with mainnet. There need to be criteria to allow them to connect.

Impact statement:
Benefits statement
Having simple criteria will enable open enrollment of shards to mainnet maximizing adoption of the rchain network with maximum decentralization. H

Many shards may be for organization not comfortable managing their own crypto. Giving them a way to use rev as their token helps bolster the rev while enabling decentration to those organization..

Having a stake in connecting shares provides a means for supporting shards and enables the coop to profit from profitable shards.

In order to be protected against currencies that are dumped and profit from those that are hoarded the coop should maintain a basket of currencies Shard currencies are one way to fill the basket.

Owning share token infantizes the coop to support the shards and generates income from staking on those shards.
Implementation
Time frame
A policy is needed before we start accepting new shards in 2022.Governance Bodies to be advised: e.g. Board, Finance and Audit, or Governance (in the case of a governance change)
Mechanism
Change Log

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