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Status Network aims to implement gasless transactions by leveraging the RLN protocol as a means to offer different tiers to users based on their Karma balance. The general idea is that users can send a certain amount of transactions within a certain time period without paying gas, if they own a certain amount of Karma tokens. The exact amount of transactions and the time periods are specified in tiers. To make this a reality, there has to be an RLN contract that allows a privileged actor to register users in the membership tree. In addition, there has to be a function to slash users. In order to retrieve the available tiers, another contract has to be deployed that provides the necessary data.
Due by June 30, 2025•1/4 issues closedIn the previous quarter we've committed to put out a first version of the staking protocol. Part of that commitment was also to create a first version of the documentation that explains the system. As we didn't manage to finish all the documentation, we're not committing to finishing this in Q1 2025.
Overdue by 2 month(s)•Due by March 31, 2025•1/1 issues closedAfter building a first version of the SNT staking protocol for Status Network, we will now revisit some of the features that we didn't implement in the previous iteration. This includes: - Researching and implementing a way to allow users to add funds to an existing staking vault - Researching and implementing the possibility for users to lock their funds multiple times - Implementing minimal proxy clones for stake vaults to make vault creation as cheap as possible - Having a deployed version on a testnet and testing the system - Fix any bugs that might occur
Overdue by 2 month(s)•Due by March 31, 2025•22/22 issues closedIn addition to the non-transferable XP token, Status wants also a non-transferable NFT which, among other things, will represent the XP token that a user has accrued via staking SNT and other onchain activities. The NFT should be evolving in nature, meaning that, depending on the amount of XP an account has, the visual attached to the NFT should change its appearance (currently unspecified how exactly that's going to look like). We're aiming to have a first version of this XP NFT contract ready for deployment on an EVM based test network of Status' choice by the end of Q4 2024. Here are the main features and requirements of the first version of this token: - The token is ERC721 compliant but non-transferable - The contract is upgradable, this is necessary to allow for future improvements and changes - The token's metadata is partially retrieved from the XP token contract, allowing users to see their accumulated XP in a single place
Overdue by 5 month(s)•Due by December 31, 2024•2/2 issues closedAs part of a first version of the staking protocol we're working on and committing to deliver in Q4 2024, we're aiming for implementing a first version of the XP token contract that complements the staking protocol as well. The XP token (name of the token TBD) is a non transferable token that users earn by staking SNT tokens, or by specified onchain activities on the Status Network. These XP can then be used to participate in community-driven governance, such as voting apps, and to get access to premium features in the Status app. We're aiming for implementing a first version of this token and have it ready for deployment on an EVM based test network of Status' choice by the end of Q4 2024. Here are the main features and requirements of the first version of this token: - The token is ERC20 compliant but non-transferable - The contract is upgradable, this is necessary to allow for future improvements and changes - The token's balances leverage the internal accounting of the staking protocol, among other sources, to provide real-time values
Overdue by 5 month(s)•Due by December 31, 2024•7/7 issues closedIn collaboration with Status, we are building a staking protocol that enables holders of SNT to stake their tokens to ultimately earn non-transferable "XP" tokens, which can later be used to participate in community-driven governance, such as voting apps, and to get access to premium features in the Status app. We're aiming to have a first version of the staking protocol ready for deployment on an EVM based test network of Status' choice by the end of Q4 2024. This will give us the opportunity to test the system in a distributed environment. Future commitments will allow us to refine the system and add additional features as required by Status. Here are the main features and requirements of the first version of the staking protocol: - Users can stake SNT tokens and accumulate "multiplier points" in return (multiplier points are later used to determine the amount of XP tokens a user has access to) - Multiplier points are generated at an at least 1:1 ratio with the amount of SNT staked, at the time of staking - Users can lock their SNT tokens for a certain period of time (e.g. 3 months - 4 years) to earn additional multiplier points, at the time of staking - Users can unstake their SNT tokens at any time (unless locked) - Multiplier points accrue as a function of time and the amount of SNT staked - Staking protocol should be upgradable - Users should be able to opt out of upgrades We've already implemented two different staking algorithms, so we can leverage this work to finalize a first version of the protocol.
Overdue by 5 month(s)•Due by December 31, 2024•33/33 issues closed