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ccip-025-extend-direct-execute-sunset-period-3.md

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CCIP-025

Preamble

CCIP Number 025
Title Extend Direct Execute Sunset Period 3
Author(s) Friedger Müffke [email protected]
Jason Schrader [email protected]
Consideration Governance
Type Standard
Status Ratified
Created 2024-10-23
License BSD-2-Clause
Supplements CCIP-012, CCIP-017, CCIP-021

Introduction

When the ccd001-direct-execute1 Clarity contract was deployed, a sunset height of approximately 6 months was set, after which the extension will no longer be able to execute proposals. This functionality was extended as part of CCIP-0172 and CCIP-0213.

The current sunset height is 173,748. After that block height no proposal can be executed anymore. In preparation of CCIP-0164 and CCIP-0235, an extension is required now.

This CCIP intends to:

  • implement the CCIP-0156 voting mechanism as part of a DAO proposal
  • extend the sunset period by an additional 103,680 Stacks blocks (approx 2 years)
  • the new sunset period would end Stacks tenure block 277,428

[!NOTE] Please note that after the Nakamoto release the changes to block speed do not affect this contract since it is already deployed. The block-height parameter in the contract will follow the Stacks tenure-height value, which maintains the same block speed 1:1 with Bitcoin blocks.

Specification

The proposal will call set-sunset-block in ccd001-direct-execute1 with the value of 277428.

Proposal Voting

Proposal voting will be performed using the method described in CCIP-0156.

Voting will begin when the contract is deployed and continue for a set number of blocks.

Note: The end of the voting period needs to allow enough time to execute the proposal and extend the sunset period. This will need to occur before Stacks block 173,748.

Votes will be counted two ways in the contract: a general total of yes/no votes, and the total number of votes based on the amount of CityCoins stacked in cycles 82 and 83.

The voting code is part of the CCIP-025 smart contract proposal7, which tracks user votes between the voting period.

It also restricts the execute function in the proposal so that it cannot run unless:

  • the total votes are > 0
  • the yes votes > no votes

The criteria above are the same as CCIP-0172 and CCIP-0213.

Backwards Compatibility

This CCIP is supplemental to CCIP-0128, CCIP-0172, and CCIP-0213

Activation

This CCIP will be voted on and activated using a vote contract that adheres to CCIP-0156 using the last two active cycles for the protocol.

  • Only MIA votes will be counted.
  • Stacking amounts from cycles 82 and 83 will be considered.
  • The voting period will start at the block which the contract is deployed
  • No scale factor is required.

The proposal will follow the same voting format as CCIP-0222 and CCIP-0249:

  • Votes will be tallied and available in read-only functions.
  • The vote will be considered valid if at least 25% of the total MIA stacked in cycles 82 and 83 participates.

Reference Implementations

  • ccip025-extend-sunset-period-37

Footnotes

Footnotes

  1. https://explorer.hiro.so/txid/SP8A9HZ3PKST0S42VM9523Z9NV42SZ026V4K39WH.ccd001-direct-execute?chain=mainnet ↩ ↩2

  2. https://github.com/citycoins/governance/blob/main/ccips/ccip-017/ccip-017-extend-direct-execute-sunset-period.md ↩ ↩2 ↩3 ↩4

  3. https://github.com/citycoins/governance/blob/main/ccips/ccip-021/ccip-021-extend-direct-execute-sunset-period-2.md ↩ ↩2 ↩3

  4. https://github.com/citycoins/governance/pull/16 ↩

  5. https://github.com/citycoins/governance/pull/40 ↩

  6. https://github.com/citycoins/governance/blob/main/ccips/ccip-015/ccip-015-community-proposal-voting-process.md ↩ ↩2 ↩3

  7. https://github.com/citycoins/protocol/blob/fix/implement-ccip-025/contracts/proposals/ccip025-extend-sunset-period-3.clar ↩ ↩2

  8. https://github.com/citycoins/governance/blob/main/ccips/ccip-012/ccip-012-stabilize-emissions-and-treasuries.md ↩

  9. https://github.com/citycoins/governance/blob/main/ccips/ccip-024/ccip-024-miamicoin-community-signal-vote.md ↩