- Frontend repository: astro-canvas-frontend
- Custom Keplr extension for hackathon (preliminary IBC support): Keplr-extension Release
- Website: hackathon.keplr.app
Stake decetralization, or the spread of voting power across multiple validators, is one crucial element to increase the robustness and decentralization of a public proo-of-stake blockchain. As voting power gets concentrated to the hands of a few powerful validators, number of colluding entities needed to create byzantine behavior reduces.
As for the Cosmos Hub, only the top 6 validators need to collude in order to amass 33.4% of voting power–which can effectively halt the blockchain. While whether such actions are realistic may be questionable, it's no doubt that there is room for improvement.
While ideas such as variable staking reward rate, variable slashing rate, and more have been proposed, such ideas take significant economic research and security analysis to ensure the cryptoeconomics of the blockchain remains robust.
So what if we could incentivize stake decentralization without changing the fundamentals of the blockchain cryptoeconomics, by using personal entertainment?
Astrocanvas is a game and a radical social experimentation in stake decentralization. We use elements of entertainment, scarcity, competition, and economics to incentivize voting power distribution of a proof-of-stake blockchain.
We were inspired by the 2017 Reddit april fools project '/r/Place'. Where each account was allowed to change the color of one pixel on a 1000x1000 pixel canvas–but only every 5 minutes. In just 72 hours, over 1 million users participated. During that time, factions were formed, betrayals happened, virtual wars were fought, and ultimately a picture was drawn that represented the community of people that drew it. Place was an experimentation of digital scarcity, human psychology, and competition.
In Astrocanvas, we take the experimentation to /r/place one step further and apply it to solving staking centralization of proof-of-stake blockchains.
Delegators are given specific colorToken
that represents the right to change one pixel in the canvas when they delegate their staking token to a Hub validator.
The catch? Not all colorToken
are the same.
Delegators can earn colorToken
of a specific color (white, black, red, etc) depending on the voting power of the delegated validator. So for example, validator with #1 to #10 rank in voting power gives delegators colorTokenWhite
which only allows you to place a white pixel on the canvas. If you want to place a blue pixel, you need colorTokenBlue
which you may only receive when you delegate to a validator with voting power ranging from #80 to #90.
The idea here is as following:
- People want to draw specific 'art' on the canvas, which would require a wide set of colors to do. Which will disincentivize staking to a high voting power validator in order to acquire a diver palette of colors.
- The picture drawn on the canvas, and the dominance of a specific color will accurately reflect the community of delegators and the state of the hub.
- Validators will incentivize drawing of specific images that are dominant in the color of their respective
colorToken
in order to bring in delegations. - Potentially many factions and sub-communities will form in order to own a piece of the digitally scarce, immutable, decentralized canvas.
- Implement an stake decentralization approach that doesn't solely rely on economic value, but also subjective value such as entertainment and social groups.
- A network effect where the entertainment of competition, drawing, etc brings in more people--and the positive side effect being stake decentralization.
- The
colorToken
is burnt when it's used to change the pixel on the Astrocanvas - Your
colorTokens
regenerate after 5 minutes - The amount of
colorToken
s you receive is relative to the amount you stake - While we initially intended for colors to be assigned to validator ranks, we've went with assigning colors to validators due to time constraints
- The transaction itself contains the metadata of the (x,y) coordinates and the token being used to draw. (Check out the JSON of the Keplr transaction!) Essentially, Astro Zone blockchain is a state of the canvas. Changing the pixels on the canvas requires a transactions which cause a state transitions of the Astro Zone/Canvas.
- We wanted to implement a
colorToken
marketplace by adding a DEX/Uniswap module that allows people to buy + sellcolorTokens
for additional economic incentives, but didn't have sufficient time to work on that.
We have used an early implementation of ICS27(Interchain Accounts) for interchain staking to support staking to another chain. In the current implementation, the interchain staking module allows the foreign chain to mint the representative color tokens that include information such as the source port, source channel, validator address once the staking is successful.
The AstroCanvas zone is built using a modified Cosmos-SDK, and records the state of the canvas (and each of the pixels) on the ledgers. The canvas module manages the canvas and the specific pixels of the canvas. Any user can create the canvas with the canvas id, x-coordinate, y-coordinate, allowed denoms, etc. Users can point to a specific canvas id by using the assets that the canvas permissions. The front-end draws the denoms that exist on the canvas, and assigns specific colors for the on-chain information. Our current implementation works on the optimistic assumption that 'all IBC packets will succeed' as the current relayer implementation has limitations in sending acknoledgements packets--and we didn't have time to revise the code for that part.
How to install Keplr IBC
-
Download Keplr IBC (Hackathon Release) and unzip/extract the files
-
Open Chrome and click on the menu bar (the three dots on the top right corner of the browser). Go to 'More tools' -> 'Extensions'
-
Turn 'Developer Mode' on (top right corner of the page)
-
Click on 'Load Unpacked', and choose the Keplr IBC folder you downloaded in step 1.
-
Open Keplr Extension and create/import an account.
How to use AstroCanvas
-
Get some tokens from the Astro Hub and Astro Zone faucet (50 tokens per 5 minutes)
-
Send the Astro Hub tokens to Astro Zone via IBC send (Note: Astro Hub token is the staking token that's used to generate the
colorTokens
from within the Astro Zone. Astro Zone's tokens are only used as gas tokens) -
Go to hackathon.keplr.app and click on 'Register'
-
Delegate to validators and receive specific
colorTokens
(Note: Your color token balance regenerate every 5 mins. i.e. if you have spent all 50whiteTokens
that you initially received, yourwhiteTokens
be 50 again after 5 minutes since you've last used thewhiteToken
on the canvas) -
Place pixels on the canvas, and create your drawing! (We suggest you don't place more than 30 pixels at a time as too many pixels can cause issues with transactions failing)