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Guiding Principles

  1. Per the Program’s Terms, the Ethereum Foundation has the right to change and/or update the program at any point. That is, the Ethereum Foundation acts as a check and balance that ConsenSys and the Hyperledger Foundation continue to meet the requirements of the program. 
  2. This program offers client teams ETH-denominated rewards which unlock over time, as long as they continue to build software which meets the performance and security requirements of mainnet. There are two types of rewards that will be granted: 
    1. Transaction and Validator Fees
    2. Withdrawal Key Funds 
  3. The Ethereum Foundation will only provide future organizations who have demonstrated long term support for Besu's mainnet work access to the principal capital of the program. To date, these organizations are ConsenSys and HLF. If future organizations want to be considered, the EF and HLF can agree to add them to the program
  4. Any funds that are directed to ConsenSys, ConsenSys has sole discretion on how to spend those funds, assuming it is meeting the EF’s expectations of funds’ usage. Similarly, any funds that are directed to Hyperledger, Hyperledger has sole discretion on how to spend those funds, assuming it is meeting the EF’s expectations of funds’ usage. 

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Hyperledger will receive or direct 20% of the proceeds. This pool will be a directed donation towards Hyperledger Besu mainnet work paying for items including but not limited to:

  • Payment of services consumed by the Hyperledger Besu project, such as
    • Continuous Integration,
    • Cloud Hosting fees for development (i.e. testnet nodes)
    • source code hosting,
    • any other such services directly related to development of mainnet capabilities in Hyperledger Besu
  • Note: These costs are separate from any incurred by ConsenSys.
  • Sending maintainers to speak at and promote Hyperledger Besu at Hyperledger events (such as the Global Forum and Members Summit) and Ethereum Foundation events (such as DevCon and AllCoreDevs meetings)
  • Posting Bounties for work on Hyperledger Besu mainnet or mainnet related work
  • Spending that would directly promote interoperability with Besu Mainnet functionality 
  • Other spending that would directly promote and improve Hyperledger Besu

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The EF releases the withdrawal credentials in the period (as identified in the contract under “Milestones”) in the proportional manner identified above. Once withdrawals are received by ConsenSys, ConsenSys can choose to liquidate. 

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Similarly, withdrawals received to HLF can decide on liquidation practices separately. ConsenSys will not have a say in how HLF liquidates its validators, even if the supermajority of maintainers are employed by ConsenSys.

Exhibit A

Vesting Period

ConsenSys (CS) Maintainers

Non-CS HLF Maintainers 

Validator Rewards & Transaction Fee Share

Withdrawal Credential Share

1

8

2

80% CS / 20 % HLF *

80% CS / 20% HLF

2

8

4

66% CS / 34% HLF *

72% CS / 28% HLF

3

8

2

80% CS / 20 % HLF *

75% CS / 25% HLF