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
- 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.
- 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
- 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。
- 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。
- 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。
