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docs: add auth tx commands documentation (#13682)

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Julien Robert
2022-10-28 13:01:34 +00:00
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parent 9e06bec462
commit dd78ce9ca4
7 changed files with 136 additions and 22 deletions
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docs/architecture/adr-060-abci-1.0.md
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@@ -233,8 +233,6 @@ know them today will still exist and function as they currently do.
block execution. Albeit, the overhead should be negligible.
* Not backwards compatible with previous versions of Tendermint and the Cosmos SDK.
### Neutral
## Further Discussions
It is possible to design the app-side implementation of the `Mempool[T MempoolTx]`
docs/architecture/adr-061-liquid-staking.md
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@@ -10,7 +10,7 @@ PROPOSED
## Abstract
Add a semi-fungible liquid staking primitive to the default cosmos SDK staking module. This upgrades proof of stake to enable safe designs with lower overall monetary issuance and integration with numerous liquid staking protocols like Stride, Persistence, Quicksilver, Lido etc.
Add a semi-fungible liquid staking primitive to the default Cosmos SDK staking module. This upgrades proof of stake to enable safe designs with lower overall monetary issuance and integration with numerous liquid staking protocols like Stride, Persistence, Quicksilver, Lido etc.
## Context
@@ -22,7 +22,7 @@ The most important deficiency of the legacy staking design is that it composes p
The Osmosis team has adopted the idea of Superfluid and Interfluid staking where assets that are participating in DeFi appliactions can also be used in proof of stake. This requires tight integration with an enshrined set of DeFi applications and thus is unsuitable for the Cosmos SDK.
It's also important to note that Interchain Accounts are available in the default IBC implementation and can be used to (rehypothecate)[https://www.investopedia.com/terms/h/hypothecation.asp#toc-what-is-rehypothecation] delegations. Thus liquid staking is already possible and these changes merely improve the UX of liquid staking. Centralized exchanges also rehypothecate staked assets, posing challenges for decentralization. This ADR takes the position that adoption of in-protocol liquid staking is the preferable outcome and provides new levers to incentivize decentralization of stake.
It's also important to note that Interchain Accounts are available in the default IBC implementation and can be used to [rehypothecate](https://www.investopedia.com/terms/h/hypothecation.asp#toc-what-is-rehypothecation) delegations. Thus liquid staking is already possible and these changes merely improve the UX of liquid staking. Centralized exchanges also rehypothecate staked assets, posing challenges for decentralization. This ADR takes the position that adoption of in-protocol liquid staking is the preferable outcome and provides new levers to incentivize decentralization of stake.
These changes to the staking module have been in development for more than a year and have seen substantial industry adoption who plan to build staking UX. The internal economics at Informal team has also done a review of the impacts of these changes and this review led to the development of the exempt delegation system. This system provides governance with a tuneable parameter for modulating the risks of principal agent problem called the exemption factor.
@@ -71,18 +71,12 @@ The MsgExemptDelegation message is used to exempt a delegation to a validator. I
This design allows the chain to force an amount of self-delegation by validators participating in liquid staking schemes.
## Consequences
### Backwards Compatibility
By setting the exemption factor to zero, this module works like legacy staking. The only substantial change is the removal of min-self-bond and without any tokenized shares, there is no incentive to exempt delegation.
### Positive
This approach should enable integration with liquid staking providers and improved user experience. It provides a pathway to security under non-exponential issuance policies in the baseline staking module.
## References
This approach should enable integration with liquid staking providers and improved user experience. It provides a pathway to security under non-exponential issuance policies in the baseline staking module.