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{ | ||
"description": { | ||
"moniker": "Ankr", | ||
"identity": "", | ||
"website": "www.ankr.com", | ||
"security_contact": "[email protected]", | ||
"details": "Build web3 apps with a full suite of developer tools. Power them with fast, global, decentralized connections to dozens of chains" | ||
}, | ||
"eots_pk": "cc25813bdd6fb8a9c2e343536a917598eebc955e88418e57875dd593eaa05f3c", | ||
"commission": "0.10" | ||
} |
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{ | ||
"description": { | ||
"moniker": "Coinage x DAIC", | ||
"identity": "C92C6965D89F07A3", | ||
"website": "https://daic.capital", | ||
"security_contact": "[email protected]", | ||
"details": "The official validator node from Coinage (Coinage.Media) and DAIC (https://daic.capital/telegram)" | ||
}, | ||
"eots_pk": "61d437bcff4512e45075b5c12fc9b0ececd3e7c87512e0d7fb599c3a28e2671c", | ||
"commission": "0.05" | ||
} |
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{ | ||
"description": { | ||
"moniker": "EquinoxDAO", | ||
"identity": "048733E2C6061B87", | ||
"website": "https://www.equinoxdao.xyz", | ||
"security_contact": "[email protected]", | ||
"details": "professional Node Service Provider by EquinoxDAO" | ||
}, | ||
"eots_pk": "04439d165b72bac13c16a22744a55cb249615b23b769fc393188cd4eed33f189", | ||
"commission": "0.03" | ||
} |
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{ | ||
"description": { | ||
"moniker": "Figment", | ||
"identity": "E5F274B870BDA01D", | ||
"website": "https://figment.io", | ||
"security_contact": "[email protected]", | ||
"details": "Figment is the complete staking solution for over 500 institutional clients, providing enterprise validators, seamless staking integrations, audited infrastructure, robust rewards data, and more." | ||
}, | ||
"eots_pk": "710104ee21393df7b209e7f1202b60425075160aea52b60a9bcb0e996771f069", | ||
"commission": "0.1" | ||
} |
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{ | ||
"description": { | ||
"moniker": "InfStones", | ||
"identity": "E9B7CDC7623E0327", | ||
"website": "https://infstones.com/", | ||
"security_contact": "[email protected]", | ||
"details": "InfStones is committed to supporting a wide range restaking initives." | ||
}, | ||
"eots_pk": "911421ea9cd3107d81aef2a62bf04d7a3c57b7bc0462af668d0a332e5dd72fa8", | ||
"commission": "0.05" | ||
} |
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{ | ||
"description": { | ||
"moniker": "Jetking", | ||
"identity": "", | ||
"website": "https://www.jetking.com", | ||
"security_contact": "[email protected]", | ||
"details": "India’s largest IT Training Institute" | ||
}, | ||
"eots_pk": "3742769a01da6c7c4537ad7a4e181392ab3fd1fe04c78c137937974e74b39044", | ||
"commission": "0.03" | ||
} |
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{ | ||
"description": { | ||
"moniker": "Meria", | ||
"identity": "9A516A1CD4116BBF", | ||
"website": "https://meria.com", | ||
"security_contact": "[email protected]", | ||
"details": "Meria is an institutional-grade staking service provider running blockchain infrastructure on more than +35 networks." | ||
}, | ||
"eots_pk": "a1f39ed29581fb6ad54be8cdf1a8838b3429e87bdfdd2652c47946221c360f10", | ||
"commission": "0.03" | ||
} |
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{ | ||
"description": { | ||
"moniker": "PumpBTC", | ||
"identity": "CAAE6F147CA9D28E", | ||
"website": "https://pumpbtc.xyz", | ||
"security_contact": "[email protected]", | ||
"details": "PumpBTC is a liquid staking protocol on Babylon to allow BTC HODLER to maximize yield." | ||
}, | ||
"eots_pk": "0f5c19935a08f661a1c4dfeb5e51ce7f0cfcf4d2eeb405fe4c7d7bd668fc85e4", | ||
"commission": "0.05" | ||
} |
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{ | ||
"description": { | ||
"moniker": "ROCKMINER", | ||
"identity": "", | ||
"website": "", | ||
"security_contact": "[email protected]", | ||
"details": "We with experienced technical staff, blockchain researchers and community operators." | ||
}, | ||
"eots_pk": "155537b908560545398a4801960446ab289fde41503ef6362ce367c261f6d567", | ||
"commission": "0.05" | ||
} |
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{ | ||
"description": { | ||
"moniker": "Robsberry", | ||
"identity": "27054F5CE3F4B80A", | ||
"website": "https://docs.robsberry.pics", | ||
"security_contact": "[email protected]", | ||
"details": "👉Independent Validator👈" | ||
}, | ||
"eots_pk": "d5018f048b88f1492404a06fedefe3a88f83337dc6c2b1e418cfab330a6fbc89", | ||
"commission": "0.05" | ||
} |
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{ | ||
"description": { | ||
"moniker": "Solv Protocol", | ||
"identity": "8E9C1C1E9ADB6512", | ||
"website": "https://app.solv.finance", | ||
"security_contact": "[email protected]", | ||
"details": "Pioneering A Decentralized Bitcoin Reserve with SolvBTC." | ||
}, | ||
"eots_pk": "fa7496f63a857d894aa393767325bf6f84560e9141f4ec54496c50f546f48bfb", | ||
"commission": "0.05" | ||
} |
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{ | ||
"description": { | ||
"moniker": "ikunkun", | ||
"identity": "", | ||
"website": "", | ||
"security_contact": "[email protected]", | ||
"details": "ikun a trainee who has been practicing for two and a half years" | ||
}, | ||
"eots_pk": "3227cda2e47410814688bf66c5178703a97f888f2ea9e6c5bc5ff0bb457ab23a", | ||
"commission": "0.03" | ||
} |
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{ | ||
"description": { | ||
"moniker": "Liquify", | ||
"identity": "005F74E8F7365C38", | ||
"website": "https://www.liquify.com/", | ||
"security_contact": "[email protected]", | ||
"details": "Liquify is a fully bare-metal infrastructure company. Optimized for latency, throughput and uptime. Tailored for institutions" | ||
}, | ||
"eots_pk": "615e9392eda947e85d827f19290c4dc2a5986dca278be4f480820741aa0fb1da", | ||
"commission": "0.04" | ||
} |
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{ | ||
"description": { | ||
"moniker": "miles", | ||
"identity": "", | ||
"website": "https://x.com/Miles082510", | ||
"security_contact": "[email protected]", | ||
"details": "build babylon" | ||
}, | ||
"eots_pk": "ed58af4d147f5b5834e70a950e439312459b49e8f0dc705c1671467611f1a805", | ||
"commission": "0.05" | ||
} |
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{ | ||
"description": { | ||
"moniker": "OKX Earn", | ||
"identity": "5E40FD2A1FCF6FE1", | ||
"website": "https://www.okx.com", | ||
"security_contact": "[email protected]", | ||
"details": "OKX Earn serves as a one-stop shop for all the decentralised earning options available on the OKX platform and we are the leading staking service provider for blockchain projects" | ||
}, | ||
"eots_pk": "374601b4c400b31f3aa78dc16b4e4d589c1284118e2476d83f0c39743881032c", | ||
"commission": "0.03" | ||
} |
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{ | ||
"description": { | ||
"moniker": "pSTAKE", | ||
"identity": "CCD58C1559B694A8", | ||
"website": "https://pstake.finance/", | ||
"security_contact": "[email protected]", | ||
"details": "pSTAKE Finance is a multichain liquid staking protocol, backed by Binance Labs." | ||
}, | ||
"eots_pk": "fc8a5b9930c3383e94bd940890e93cfcf95b2571ad50df8063b7011f120b918a", | ||
"commission": "0.03" | ||
} |
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{ | ||
"description": { | ||
"moniker": "silent", | ||
"identity": "A47522A5527DB39F", | ||
"website": "https://silentvalidator.com", | ||
"security_contact": "[email protected]", | ||
"details": "Silent Validator leverages robust infrastructure and deep expertise to provide highly reliable validation services, enriches the community and furthers the growth of the ecosystem." | ||
}, | ||
"eots_pk": "c790b603199b5c06e9a2230c798130cdc5ea24f0ef8250383e483ac9ae57b397", | ||
"commission": "0.03" | ||
} |
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{ | ||
"description": { | ||
"moniker": "web3btc", | ||
"identity": "", | ||
"website": "https://static-hk.istillgo.com", | ||
"security_contact": "[email protected]", | ||
"details": "A Decentralized Password Manager" | ||
}, | ||
"eots_pk": "2f2ad150b5a0c3616ff438d275750db107b961f9dd783658ac4f79dcbccff98c", | ||
"commission": "0.10" | ||
} |
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# Staking Parameters | ||
|
||
The staking parameters are governance parameters that specify what constitutes | ||
a valid staking transaction that should be considered as an active one for | ||
the lock-only phase-1 system. | ||
They are maintained by Babylon and are timestamped on Bitcoin by a Bitcoin | ||
governance wallet owned by it. They are additionally included in a GitHub | ||
registry for easy retrieval and timestamp verification. | ||
|
||
## Specification | ||
|
||
The `global-params.json` file contains a JSON array (`versions`), with each | ||
array element representing one version of the parameters. The array | ||
elements are ordered by increasing version. | ||
|
||
```json | ||
{ | ||
"versions": [ | ||
{ | ||
"version": "<params_version>", | ||
"activation_height": "<bitcoin_activation_height>", | ||
"staking_cap": "<satoshis_staking_cap_of_version>", | ||
"cap_height": "<bitcoin_cap_height>", | ||
"tag": "<magic_hex_encoded_bytes_to_identify_staking_txs>", | ||
"covenant_pks": [ | ||
"<covenant_btc_pk1>", | ||
"<covenant_btc_pk2>", | ||
], | ||
"covenant_quorum": "<covenant_quorum>", | ||
"unbonding_time": "<unbonding_time_btc_blocks>", | ||
"unbonding_fee": "<unbonding_fee_satoshis>", | ||
"max_staking_amount": "<max_staking_amount_satoshis>", | ||
"min_staking_amount": "<min_staking_amount_satoshis>", | ||
"max_staking_time": "<max_staking_time_btc_blocks>", | ||
"min_staking_time": "<min_staking_time_btc_blocks>", | ||
"confirmation_depth": "<confirmation_depth>" | ||
}, | ||
... | ||
] | ||
} | ||
``` | ||
|
||
The hash of each version of the parameters is further timestamped on Bitcoin by | ||
a Babylon owned governance wallet to enable easy verification. | ||
|
||
A parameters version has the following rules: | ||
- *Version*: The version should be an integer and versions should be | ||
monotonically increasing by `1` with an initial value of `0`. | ||
- *ActivationHeight*: The activation height describes the Bitcoin height from | ||
which the parameters of this version are taken into account. Each new | ||
version, should have a strictly larger activation height than the previous | ||
version. This ensures that for any transaction, we can identify which staking | ||
parameters should apply to it. | ||
- *StakingCap*: The staking cap describes the limit of Bitcoins that are | ||
accepted in total for this parameters version. It includes Bitcoins that have | ||
been accepted in prior versions. A later version should have a larger or | ||
equal staking cap than a prior version in which the `StakingCap` is set. | ||
If `StakingCap` is set, it should be strictly larger than the maximum staking amount. | ||
- *CapHeight*: The cap height is a different cap mechanism than `StakingCap`. | ||
It allows staking transactions to be accepted as long as their inclusion height | ||
is in the range of `ActivationHeight` and `CapHeight` (inclusive) for this | ||
parameters version. **Note**: Only one of `CapHeight` and `StakingCap` can be set in a | ||
single parameters version. A later version should have a larger or equal cap height | ||
than a prior version where `CapHeight` is set. | ||
- *CovenantPKs*: Specifies the public keys of the covenant committee. | ||
- *CovenantQuorum*: Specifies the quorum required by the covenant committee for | ||
unbonding transactions to be confirmed. | ||
- *UnbondingFee*: Specifies the required fee that an unbonding transaction | ||
should have in satoshis. Can change arbitrarily between versions. | ||
- *MinStakingAmount/MaxStakingAmount*: Specify the range of acceptable staking | ||
amounts in satoshis. Can change arbitrarily between versions. The maximum | ||
should be larger or equal to the minimum. | ||
- *MinStakingTime/MaxStakingTime*: Specify the range of acceptable staking | ||
periods in BTC blocks. Can change arbitrarily between versions. The maximum | ||
should be larger or equal to the minimum. The maximum cannot be larger than | ||
65535. | ||
- *ConfirmationDepth*: The number of confirmations required for transactions | ||
to be deep enough on the Bitcoin ledger so that their reversal is highly | ||
improbable. Inclusion of a transaction in a block means the confirmation depth | ||
for the transaction is `1`. More appended blocks further increment its | ||
confirmation depth. | ||
|
||
Rules specification: | ||
``` | ||
Let v_n and v_m be versions `n` and `m` respectively, with `m > n`. | ||
In between versions: | ||
- v_m.Version == v_n.Version + (m - n) | ||
- v_m.ActivationHeight > v_n.ActivationHeight | ||
- v_m.StakingCap >= v_n.StakingCap if v_n.StakingCap != 0 | ||
For a particular version: | ||
- len(v_m.Tag) == 4 | ||
- ValidBTCPks(v_m.CovenantPks) | ||
- len(v_m.CovenantPks) > 0 | ||
- len(v_m.ActivationHeight) > 0 | ||
- v_m.StakingCap == 0 => v_m.CapHeight > 0 | ||
- v_m.StakingCap > 0 => v_m.CapHeight == 0 | ||
- v_m.StakingCap > 0 => v_m.StakingCap > v_m.MaxStakingAmount | ||
- v_m.CovenantQuorum <= len(v_m.CovenantPks) | ||
- v_m.CovenantQuorum < 2^32 | ||
- v_m.CovenantKeys.each(Key: validHexSchnorrKey(Key)) | ||
- v_m.MinStakingAmount >= v_m.UnbondingFee + 1000 | ||
- v_m.MaxStakingAmount >= v_m.MinStakingAmount | ||
- v_m.MaxStakingAmount < 2^63 && v_m.MinStakingAmount < 2^63 && v_m.StakingCap < 2^63 | ||
- v_m.MaxStakingTime >= v_m.MinStakingTime | ||
- v_m.MaxStakingTime > 0 && v_m.MinStakingTime > 0 && v_m.UnbondingTime > 0 | ||
- v_m.MaxStakingTime <= 65535 && v_m.MinStakingTime <= 65535 && v_m.UnbondingTime <= 65535 | ||
- v_m.ConfirmationDepth > 1 && v_m.ConfirmationDepth <= 65535 | ||
``` | ||
|
||
## Updating staking parameters | ||
|
||
Given that the staking parameters are used by multiple entities running in a distributed | ||
environment to validate staking and unbonding transactions, | ||
all updates to the `global-params.json` must be made in well-defined and | ||
transparent manner. | ||
|
||
To update parameters the following steps will be taken: | ||
1. The Babylon team creates a PR in this repository with an updated `global-params.json` file. | ||
The only allowed modification to this file is appending a new object to the `versions` | ||
collection. The newly appended object must obey all rules defined in the previous paragraph. | ||
2. All interested entities, for example, covenant signers, approve this PR. Each | ||
approval is interpreted as being ready to validate transactions using the new `global-params.json` | ||
introduced by the PR. | ||
3. After enough approvals are gathered, the PR is merged. | ||
Now the tip of the `main` branch contains the last version of staking parameters. |