CIP0002-Proposal to Support VEST Delegation

Dear Community,

COS.TV is a DApp engaging hundreds of thousands of users every day. The interaction between talented video creators and content consumers has helped the ecosystem thrive. To make the best use of COS tokens, VEST holders are expected to participate in content curation actively, i.e., liking great content. However, our statistics showed that some big VEST/COS holders are not very interested in content curation. On the other hand, the non-transferrable nature of VEST restricts its power from being delegated to someone who can make better use of it. Through the implementation of this CIP, we expect content creation and curation to flourish even more.

COS.TV Team

Abstract

Holding VEST allows an account to gain governance power in the Contentos ecosystem. However, the nature of VEST makes it impossible to transfer part of this power to others, even temporarily. This CIP proposes to allow VEST delegation from its owner to another delegate account to enable a more dynamic usage of VEST without sacrificing its original design concept.

Specification

  1. Delegating: A VEST owner can initiate a VEST delegation for a specific amount of VEST to a particular account for a particular amount of time. For example, Alice, a VEST lender, initiates a 100-VEST delegation to Bob, the borrower, for 240 hours. During the delegation period, the governance power of VEST shifts from the lender to the borrower. The governance power includes the ability to influence content using the "like" function and to vote for a block producer. The following restrictions apply:
  • The borrowed VEST cannot be lent to another account.
  • VEST going through a power-down process cannot be lent. For example, if Alice holds 1,000 VEST, of which 600 VEST is in a power-down process, only 400 VEST can be lent.
  • Initiating a power-down for the lent VEST is not permitted. For example, if Alice holds 1,000 VEST, of which 400 VEST is lent to others, she can only power-down 600 VEST .
  • Delegation to oneself is not permitted.
  • The minimum amount for VEST delegation is 0.000001 VEST.
  1. Recalling: When the period of a delegation ends, the lender can recall the delegated VEST. The following restrictions apply:
  • The lender cannot recall the delegated VEST prior to the return time set when initiating the delegation.
  • Upon recalling, the delegated amount of VEST is frozen for the next seven days, and neither the lender nor the borrower has its power.
  • The entire VEST delegation will be recalled in a single transaction and will not be split.
    Exclusion: Accounts with zero-reputation are not permitted to initiate VEST delegations.

Effective Time

This change will come into effect at block height 16,411,000, at approximately 2020-04-02 07:00:00 UTC.


各位社区伙伴,

COS.TV是一个每天面对上万用户的DApp,视频创作者和观众间的紧密互动,让这个内容生态越来越兴盛。为了让COS代币获得最有效地使用,VEST持有者应该积极参与内容荐选,也就是对于好的内容送出赞。然而,我们的分析指出,一些持有较大量COS/VEST代币的用户,似乎对于内容荐选不太热衷,并未频繁地参与点赞。另一方面,VEST无法转帐的设计,限制了将帐户中持有VEST的权力委由其他用户执行的可能。透过这个提案的实现,我们期待内容创作和荐选可以更加蓬勃。

COS.TV 团队

摘要

持有VEST使得帐户获得更强的Contentos生态治理权力。然而,VEST的设计使得转移部份权力给其他用户在现阶段无法实现。此CIP提议赋予帐户将所持有的VEST代理给其他用户的功​​能,使得VEST在不牺牲原先设计初衷下,实现动态流通。

规格

  1. 代理:VEST持有者可以发起VEST代理,将指定数额的VEST权力在指定的时间内交由指定的帐号代理。例如,借出者Alice可以将100 VEST代理给借入者Bob,为期240小时。在代理期间,VEST权力由借出者转移至借入者,包括点赞的效力与投票给区块生产者的效力。
  • 借入的VEST不能被借出。
  • 正在进行Power-down的VEST不能被借出。例如,Alice持有1,000 VEST,其中600 VEST正在进行Power-down,则最多可借出400 VEST。
  • 不能对借出的VEST进行Power-down。例如,Alice持有1,000 VEST,其中400 VEST已借出,则最多可对600 VEST进行Power-down。
  • 无法代理给自己。
  • VEST代理的最小数额为0.000001 VEST。
  1. 回收:代理期满后,借出者可以回收借出的VEST。
  • 借出者无法在设定的借出时间前提早收回VEST。
  • 借出者回收VEST时,这笔借出的VEST会冻结7天,期间内VEST的权力不属于借出者和借入者。
  • 针对一笔VEST代理仅能进行一次回收操作,收回该次借出的所有VEST,无法分割。
  1. 排除:信誉值为0的帐户无法进行VEST代理。

生效时间

本改动预期在区块高度16,411,000生效,估计时间为2020-04-02 07:00:00 UTC。

Valid Proposal ✔

This is a valid CIP with the corresponding “make proposal” transaction at https://explorer.contentos.io/#/tx/53e91536220eb4c1155f5b535330683d1941d1a37f4d48f25008374a29d4412e

Block producers and BP candidates please vote before block height 15,911,000, which is expected to be reached at approximately 2020-03-27 12:00:00 UTC. The voting result will be determined by the active block producers at block height 15,911,000.

For details on the “vote” transaction process for block producers and candidates, please refer to the “proposal” contract document (https://github.com/coschain/wasm-compiler/tree/master/contracts/proposal).

Voting Result

Active block producers at block height 15,911,000: vietnamcoser, cosofficialbp3, costvbp, livemebp, cosofficialbp7, photogridbp, cosofficialbp1, cosofficialbp6, cosofficialbp4, vickybp, cosofficialbp5, bitruebp, chickenwings, brazilbp2, cosofficialbp2, bangrullezz, alogan, raiblocks, contentosbp1, brazilbp, hamburger.

Approved (20):

alogan
http://explorer.contentos.io/#/tx/b09f759a8ec2f52fbad1de14077fb8316a8bf69750344895f5ed63de21cfd379

bangrullezz
http://explorer.contentos.io/#/tx/a370a763083ae93607df5de29bc2dcf9d8924868ee1c41a744d6132f71c4f439

bitruebp
http://explorer.contentos.io/#/tx/8744a6a23e80cca8b40acd23c9e7c0295a5a61fce9ba4e08172ae29bc178ef17

brazilbp
http://explorer.contentos.io/#/tx/89b9fead4687438f6a417ea15605dba39056f2db88b19db1d565bb5bc2b5ef9f

chickenwings
http://explorer.contentos.io/#/tx/2a5200d7e79a8c34664b7ab69f5b25347a1257348fd9a9473b0ae2afcf7b8121

contentosbp1
http://explorer.contentos.io/#/tx/b0d2390bff8ed87d4529708b0d603b3f49719e91281271072f2a61dcba20e05a

cosofficialbp1
http://explorer.contentos.io/#/tx/b7944add265f8c9535d61080d8f17268a9a38268fd9c49149953fb24c51477c2

cosofficialbp2
http://explorer.contentos.io/#/tx/ac51d7768efbf39d7ae3f3b8f61f65cd3fc3b7eeade1570a8b9337da43118177

cosofficialbp3
http://explorer.contentos.io/#/tx/447fb6ad474fa707e545c85d74e1176e676796819402f0a7f1d72337f466b8d7

cosofficialbp4
http://explorer.contentos.io/#/tx/0cb48f68d8057f841b89c6afbff8000c0b3e6857cc37cd0c945c2f0ce2d251ea

cosofficialbp5
http://explorer.contentos.io/#/tx/1ced92dcf7d944bce293043dd8cfb80ab6fd03eec30ad714f697196562e0b712

cosofficialbp6
http://explorer.contentos.io/#/tx/bbc793f14e3b7f23bf2b26e96d2ddffcc63b07d0c6f429c05c8216339e397fda

cosofficialbp7
http://explorer.contentos.io/#/tx/df7efac9ce1b6cc361b45a8db33d5d8fa85bef9a6163f248a94b2bffb35afe52

costvbp
http://explorer.contentos.io/#/tx/4ab040c8caabd062696791bec66578885866491bacc3415e7ecc72c78b263a94

hamburger
http://explorer.contentos.io/#/tx/8354e34c7724f713006561aee158cbf88d7b9e152cd885ffdcb000721c3d77d9

livemebp
http://explorer.contentos.io/#/tx/ae08c5f868b1a9aab46cd99f0025e61fd8783df67d5a2f117805d780624fd6b5

photogridbp
http://explorer.contentos.io/#/tx/d91d135c792bf1673a398ce26243517ad229661cde438d0da6757635130fc050

raiblocks
http://explorer.contentos.io/#/tx/e658aacbc6278d4c83c988e023ddfd3d34255e92ba7abdfb47c5e47aff724a05

vickybp
http://explorer.contentos.io/#/tx/a87e5f830bddcd2bb43bbef58aa27ae1dca508c7342cda98a5f09f0664eb847f

vietnamcoser
http://explorer.contentos.io/#/tx/898adfc08228842d738787e4cc9913a10a83a33ab3d7a5d5512e192705aa63c6

Disapproved (0)

No voting record (1)

brazilbp2

✔ This CIP is hereby approved.

The Contentos blockchain patch outlined in this CIP has been validated by Contentos Foundation developers and is available to all block producers. The CIP is expected to come into effect at block height 16,411,000, at approximately 2020-04-02 07:00:00 UTC.