BSIP 57: Managed Vesting Policy, plus Savings Account

[sschiessl-bcp]

Dear BitShares Community,

allow us to introduce a new BSIP that will enable off-chain activities that can be settled transparently on the blockchain, and implicitly enables the creation of savings accounts for the users that are locked a certain time period to enhance fund security.

For an easy read, please find the file here:
https://github.com/blockchainprojects/bsips/blob/56_Managed_Vesting_Policies/bsip-0056.md

Best regards,
Stefan
Blockchain Projects BV

Signed-off-by: Stefan Schiessl stefan.schiessl@blockchainprojectsbv.com

[sschiessl-bcp]

All reviews implemented up until now, except the question when a user is allowed to initiate the withdrawal.

[sschiessl-bcp]

In the discussion in telegram yesterday I also got another idea here.

The manager could be allowed to also put limit_orders on market A/B if he is managing a vesting balance for both assets for the same owner.

Does that take it too far?

[pmconrad]

Does that take it too far?

Yes. It would be a nightmare to keep track of which orders were created by whom from what balance. Note that manager is still able to trade on his own CEX using vesting balances from different users, then settle as usual.

[sschiessl-bcp]

@abitmore @oxarbitrage @ryanRfox

I would be very interested if you have any remarks on this?

[sschiessl-bcp]

How to decide that this is ready to be merged @ryanRfox ?

Can I request another review from any of the core team members?

[ryanRfox]

I feel this draft is complete and can be merged. I will ask the Core Team for final remarks.

[sschiessl-bcp]

All comments from Michal's review worked in.

[sschiessl-bcp]

Thanks a lot for the review @pmconrad and @MichelSantos

[xeroc]

@pmconrad, @MichelSantos can I please request a final review and approval of this PR?

[sschiessl-bcp]

all done, please merge

[sschiessl-bcp]

Pull request has been merged due to approval of Ryan, thanks all for the reviews!

[matle85]

Hi guys - sorry just trying to follow this...has it been incorporated / added...?

Could this functionality be used for 'yield farming' type activities? This is as per the current DeFi craze where people deposit a token and 'farm it' (receive a constant air drop of another token).

i.e. I create a new asset called CROP and agree that anyone who stakes BTS to me will receive CROP at a rate of 1 per hour (deposited every 5 mins or so). They can then withdraw the BTS or the CROP periodically.

Generally for yield farming the deposited funds are used to provide liquidity in uniswap/balancer but for us to do something like that we would need to be using the funds via DEXBot or something I guess which gets more complicated.

[sschiessl-bcp]

Hi guys - sorry just trying to follow this...has it been incorporated / added...?

Could this functionality be used for 'yield farming' type activities? This is as per the current DeFi craze where people deposit a token and 'farm it' (receive a constant air drop of another token).

i.e. I create a new asset called CROP and agree that anyone who stakes BTS to me will receive CROP at a rate of 1 per hour (deposited every 5 mins or so). They can then withdraw the BTS or the CROP periodically.

Generally for yield farming the deposited funds are used to provide liquidity in uniswap/balancer but for us to do something like that we would need to be using the funds via DEXBot or something I guess which gets more complicated.

Yes, that would be doable in the current design. And with some adjustment to speccs also fully automatic.