Add CIP-57 updates #439
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Add CIP-57 updates #439
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fleupold
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Dec 12, 2024
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Looks good. Not strictly related to the CiP but can we give more color on how to join a bonding pool? Imagine a solver wants to go through the whole process and only has the public docs at their disposal. Do they get all the information they need to complete this step?
| # Bonding pools | ||
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| A bonding pool is an Ethereum mainnet safe whose sole owner is the CoW DAO, and which contains $0.5M worth of (yield-bearing) stable coins and 1.5M COW, as specified by [CIP-7](https://snapshot.org/#/cow.eth/proposal/0x267edf7a0bd3c771cfca763322f011ee106d8d5158612c11da29183260d1dba7). When a solver wants to join the solver competition, it first needs to join a bonding pool. The main rationale behind this is that a solver in the live competition gets access to the settlement contract, its buffers and the orderflow of the protocol, which means that the attack vector is non-trivial. For the protocol to be protected from a potentially malicious solver, a substantial bonding pool is required so that in case of misbehavior, there are sufficient funds to reimburse the affected parties (users and/or the DAO). | ||
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Can we have explicit subsections on
- How to create a bonding pool (with example transactions)
- How to join a bonding pool (the vouching part)
- How to dissolve a bonding pool (the whole project blanc spiel)
| - Arbitrum: $$\min\{0.0002 ~\textrm{ETH}, 6 ~\textrm{COW}\}$$, | ||
| - Gnosis Chain: $$\min\{0.15 ~\textrm{xDAI}, 6 ~\textrm{COW}\}$$, | ||
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| where, again, the conversion from ETH and xDAI to COW is done by using an up-to-date price. |
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This PR updates the text with the changes proposed in CIP-57: https://snapshot.box/#/s:cow.eth/proposal/0x46d4fea1492207cf400fcb7a01141a7d4c730791d658cc77236941fc9eb7dccb
This PR addresses issue #436.
Note: Should be merged ONLY IF CIP is successful.