You signed in with another tab or window. Reload to refresh your session.You signed out in another tab or window. Reload to refresh your session.You switched accounts on another tab or window. Reload to refresh your session.Dismiss alert
Tokamak Network foundation proposes a staking v2.5 upgrade to enhance TON economics. This proposal allows for the creation of a DAO candidate with L2, which can receive seigniorage based on TON locked in its bridge. To implement this proposal, the DAO contract must be upgraded to provide additional functionality supporting staking v2.5. To utilize this functionality, Titan’s rollup information and the account that is responsible for Titan will be registered as a DAO candidate with L2. This proposal also adds upgradeability rights to Tokamak Network foundation on several contracts owned by DAO in case of emergencies. The rights will be transferred to security council at a later date.
Motivation
Tokamak Network L2 Cryptoeconomic outlines how L2 operator can receive sequencer seigniorage based on TON bridged to L2. This implementation differs slightly from the paper's version, as the Sequencer's collateral is staked and eligible for staking rewards—we'll update the paper soon to reflect this. This proposal puts the concept into action, enticing more L2s to join Tokamak Network's ecosystem as DAO candidates and earn sequencer seigniorage.
The security council is a crucial concept for DAOs, where a set of approved accounts can execute code during emergencies without going through the time-consuming agenda process. Tokamak Network DAO will temporarily assign Tokamak Network Foundation as the entity that can act during emergencies without using the agenda process. Once the security council is created, Tokamak Network Foundation will relinquish this right.
On-Chian Effects
DAO contract upgrade
DAOCommitteeProxy upgrade (link): This upgrade allows new logic to be added to DAOCommittee, providing greater control and flexibility over its functions.
Added staking v2.5 logic and migrated existing logic to DAOCommitteeProxy2 (link): Added createCandidateAddOn function, which creates a DAO candidate with L2, and separated non onlyOwner functions from existing DAOCommittee.
Added and set staking v2.5 logic to SeigManagerProxy (link): update seigniorage function based on staking v2.5
Added and set staking v2.5 logic to DepositMangerProxy (link): update based on staking v2.5
Set staking v2.5 parameters to DAOCommittee (link 1, link 2): enable staking v2.5 related functions.
Set staking v2.5 parameter to SeigManager (link 1, link 2)
Set staking v2.5 parameter to DepositManager (link)
Register "Titan DAO" as a DAO candidate with Titan L2 :
L2 operators can become DAO candidates with L2 by registering their rollup information through the DAO agenda. This specific agenda will register Titan L2 rollup information to the L1BridgeRegistry, allowing the Titan L2 operator "Titan DAO" to become a DAO candidate with L2 and earn sequencer seigniorage.
suahnkim
changed the title
DAO agenda creation to deploy staking v2.5
DAO agenda proposal: Deploy TON staking V2.5 contract + upgrade DAO to support preliminary security council features
Oct 29, 2024
suahnkim
changed the title
DAO agenda proposal: Deploy TON staking V2.5 contract + upgrade DAO to support preliminary security council features
Tokamak Network DAO agenda proposal: Deploy TON staking V2.5 contract + upgrade DAO to support preliminary security council features
Oct 29, 2024
suahnkim
changed the title
Tokamak Network DAO agenda proposal: Deploy TON staking V2.5 contract + upgrade DAO to support preliminary security council features
Tokamak Network DAO agenda #13 proposal: Deploy TON staking V2.5 contract + upgrade DAO to support preliminary security council features
Oct 31, 2024
suahnkim
changed the title
Tokamak Network DAO agenda #13 proposal: Deploy TON staking V2.5 contract + upgrade DAO to support preliminary security council features
Tokamak Network DAO agenda #13 proposal
Oct 31, 2024
Deploy TON staking V2.5 contract + upgrade DAO to support preliminary security council features
DAO agenda proposal link: https://dao.tokamak.network/#/agenda/13
Simple Summary
Tokamak Network foundation proposes a staking v2.5 upgrade to enhance TON economics. This proposal allows for the creation of a DAO candidate with L2, which can receive seigniorage based on TON locked in its bridge. To implement this proposal, the DAO contract must be upgraded to provide additional functionality supporting staking v2.5. To utilize this functionality, Titan’s rollup information and the account that is responsible for Titan will be registered as a DAO candidate with L2. This proposal also adds upgradeability rights to Tokamak Network foundation on several contracts owned by DAO in case of emergencies. The rights will be transferred to security council at a later date.
Motivation
Tokamak Network L2 Cryptoeconomic outlines how L2 operator can receive sequencer seigniorage based on TON bridged to L2. This implementation differs slightly from the paper's version, as the Sequencer's collateral is staked and eligible for staking rewards—we'll update the paper soon to reflect this. This proposal puts the concept into action, enticing more L2s to join Tokamak Network's ecosystem as DAO candidates and earn sequencer seigniorage.
The security council is a crucial concept for DAOs, where a set of approved accounts can execute code during emergencies without going through the time-consuming agenda process. Tokamak Network DAO will temporarily assign Tokamak Network Foundation as the entity that can act during emergencies without using the agenda process. Once the security council is created, Tokamak Network Foundation will relinquish this right.
On-Chian Effects
References
Discussion: link
Description of DAO upgrade: description
Description of staking v2.5: description
Implementation
Tests: create, execute
Copyright
Copyright and related rights waived via CC0.
The text was updated successfully, but these errors were encountered: