Deciding the appropriate staking method #846
Description
Issue Description
To enable the T&T Board and eventually the T&T DAO, we are introducing staking to ensure there is weight and accountability to the actions and decisions within the T&T WG. A few proposals were put forward, and their pros and cons are outlined in #847. After feedback from the legal and engineering teams, we seek community feedback on the following two staking options.
Proposed Solution(s)
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Tracked Wallet: Participants transfer a specified amount of FIL to a wallet designated as their "tracked wallet" by the Fil+ governance team. Fil+ monitors the wallet to ensure it always contains at least the specified amount of FIL, and penalizes participants who deviate from this requirement.
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Burner Wallet: Participants transfer a specified amount of FIL to a burner wallet to join the T&T Board, with no expectation of reclaiming their FIL.
next steps
The next steps involve discussing these options in the upcoming T&T working group and notary governance calls, to finalize a plan within two weeks. Other proposed implementations, such as the Fil+ treasury and optimistic governance, pose legal and technical difficulties that would significantly increase the development timeline. Therefore, the Fil+ governance team has decided to refrain from pursuing these options for the initial version.
Timeline
2 weeks