The following items are blockchain configuration items that need governance by the CoOperative. There needs to be a body responsible for making these decisions about the blockchain within the CoOperative.
Composition of the Body:
- Comprised of RChain community members.
Responsibilities:
- Approve RIPs - (RChain Improvement Proposals) by a specified process.
- Update the RIP Approval process.
- Set economic parameters on the blockchain if so specified as part of a RIP.
- Collaborate on the prioritization of features in the RIP Process.
- Provide guidance on how compliance issues should be addressed from a technical perspective. Example: a malicious contract is deployed, and the engineering team has 2 courses of action to take, this body would help determine which course of action the development team should take.
Set of Parameters requiring CoOperative Governance for Mercury
Area | Item | Description/Notes | Outcome | Votes |
---|---|---|---|---|
Scope | ||||
Unbonding | For the root shard: Specify the unit defining the rate at which Validators may Unbond. | The rate by which validators can unbond from the root shard should be governed by the CoOperative.
| ||
Unbonding | What is the Rate by which validators can be unbonded? | For the root shard: The rate will be based on the number of blocks elapsed. Specify either the amount of stake or number of validators PER number of blocks as the unbonding rate. | ||
Phlogiston | What is the initial exchange rate for Phlogiston / Rev? | |||
Phlogiston | Is there a limit to how much the Phlogiston exchange rate can be changed in each block? | |||
Phlogiston | If there is a limit to how much the exchange rate can be changed, what is this limit? | |||
Slashing | How much slashing for equivocation? | Vlad's proposal: https://docs.google.com/spreadsheets/d/176P-t6btmNo2Rmua4EATz7mS4BWvafBseNz327LDpbo/edit#gid=541535195 | ||
Slashing | What is the policy around slashing events deemed to be the result of software defects? | Recommendation: Validator submits logs to a bug report including evidence of the slash, core issue. If upon investigation, the outcome is that the issue is a software defect, the slashed amounts are refunded to the validator. | ||
Bond Amounts | The root shard minimum bond amount is 1500 Rev The root shard maximum bond amount is 1,000,000 Rev | |||
Bond Amounts | Is there a global minimum bond amount? Yes or No? | |||
Bond Amounts | Is there a global maximum bond amount? Yes or No? | |||
Bond Amounts | If there is a global minimum bond amount, what is the amount? | |||
Bond Amounts | If there is a global maximum bond amount, what is the amount? | |||
CoOp Tax | There is a 0.01% CoOp fee on the platform, where this percentage of all transactions are diverted to CoOp wallets. How are these funds governed? | |||