Sign Offs

Please sign off that you have reviewed this doc, and agree with all of its contents before the next meeting on June 29, 2022.

• [x] I, @d[S]ebster | from vNodes[V] sign off that I have reviewed this document, and agree that this is the announcement that will be used to open the next enrollment application.
• [ ] I, @John sign off that I have reviewed this document, and agree that this is the announcement that will be used to open the next enrollment application.
• [x] I, @Pete Hill sign off that I have reviewed this document, and agree that this is the announcement that will be used to open the next enrollment application.
• [x] I, @Hesham sign off that I have reviewed this document, and agree that this is the announcement that will be used to open the next enrollment application.
• [ ] Council agrees, contingent upon finalizing sliding scale and input into doc
• [ ] Input the date the enrollment application is due by: 2 weeks from the time of enrollment announcement

Notable Additions Needing a Vote

@d[S]ebster | from vNodes[V] has suggested the following changes:

• Application Criteria: The validator must have been running a validator in the Cosmos ecosystem for x months.
• Enrollment Application Question and Scorecard Criteria: Validators should declare how they host their validator. Ie, in a datacenter, at home, etc.

Working Document:

Sifchain launched its Betanet with a live decentralized exchange (“DEX”) and cross-chain support to the Ethereum network in 2021. To help ensure a smooth network deployment, Sifchain initially launched with a cohort of Validators managed by the Ecosystem Fund and Team Treasury Reserve. Now with a more mature network and thriving community, Sifchain is taking steps to usher in further decentralization by re-delegating most of its tokens currently staked by the Ecosystem Fund and Team Treasury Reserve to its Validator ecosystem. Rowan generated from these delegations will go to the Ecosystem Fund.

A Sifchain network validator may qualify for Validator Delegation Program. New delegation rounds happen every 6 months. Sifchain’s Validator Delegation Program is designed to decentralize liquidity on the Sifchain platform to create a more secure network as well as to foster the growth of an active and committed Validator ecosystem. As part of this program, Sifchain will re-delegate tokens to qualified ecosystem Validators that demonstrate commitment to adding value to the network. Throughout this transitional period of re-delegation, Sifchain will decommission its own Validators.

If you would like to be a part of our mission to build the most performant omni-chain DEX (and be rewarded for your contributions), then you should apply to participate in Sifchain’s Validator Delegation Program!

Become a Sifchain Validator and Apply for Delegation

In order to be eligible to receive delegations through this program, Validators must satisfy the following eligibility requirements: