[R&D] staking and resouce credits #117

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opened 2021-05-26 09:52:08 +00:00 by bobinson · 3 comments

bobinson commented

2021-05-26 09:52:08 +00:00

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We need a mechanism to stake assets on the blockchain and provide a feeless mechanism based on the stakes.

Staking into digital certificates aka NFTs and assigning PowerUP to the NFTs can be one approach. These PowerUP points can be designed similar to the MANA/resource_credits in Hive blockchain.

The resultant PowerUP points can be used to regulate, ie prevent spam on transactions, RNG calls etc etc.

We also need to consider how such a mechanism should work with the Liquidity Pools. ie, if we are planning to stake into the liquidity pools do we need a different mechanism or can we consider NFTs as pre-created units of assets and then still allow NFTs to be moved across. If we allow the NFTs staked into the pools to move across, will this hurt the price discovery ?

We need a mechanism to stake assets on the blockchain and provide a feeless mechanism based on the stakes. Staking into digital certificates aka NFTs and assigning PowerUP to the NFTs can be one approach. These PowerUP points can be designed similar to the MANA/resource_credits in Hive blockchain. The resultant PowerUP points can be used to regulate, ie prevent spam on transactions, RNG calls etc etc. We also need to consider how such a mechanism should work with the Liquidity Pools. ie, if we are planning to stake into the liquidity pools do we need a different mechanism or can we consider NFTs as pre-created units of assets and then still allow NFTs to be moved across. If we allow the NFTs staked into the pools to move across, will this hurt the price discovery ?

bobinson commented

2021-05-26 09:52:08 +00:00

(Migrated from gitlab.com)

assigned to @sierra19XX

sierra19XX commented

2021-05-31 12:18:37 +00:00

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changed time estimate to 32h

sierra19XX commented

2021-06-28 09:41:21 +00:00

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Observations and findings provided at https://peerplays.atlassian.net/wiki/spaces/PROJECTS/pages/2181562371/Resource+Credits+Introduction

If we want to start designing the concrete approach for the observations provided, we can create an LLD for the same taking the current RC equations from Hive.

Observations and findings provided at https://peerplays.atlassian.net/wiki/spaces/PROJECTS/pages/2181562371/Resource+Credits+Introduction If we want to start designing the concrete approach for the observations provided, we can create an LLD for the same taking the current RC equations from Hive.

sierra19XX (Migrated from gitlab.com) closed this issue

2021-06-28 09:41:22 +00:00