Selection of sBTC Signer Set #624
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At the end of the nomination period, the sBTC Working Group received 22 signer nominations. The signers were evaluated based on the selection criteria and the list was narrowed down to the following 15 signers. Given there were more qualified nominations than available spots, each applicant was placed into categories comprising institutional, ecosystem, and emergent partners. Then, signers we're selected from each category to ensure the signer set represented a diverse cohort of contributors. Proposed sBTC Signer Set
Next Steps We invite the Stacks community to participate in this process. Please share any thoughts or questions regarding the criteria for selected signers in this discussion thread. Edit: As core contributors make final preparations for the launch, 14 of these initial 15 Signers are ready to go. While one Signer (Figment) was unable to move forward, this possibility was accounted for in both the design of the protocol and the SIP. The network will move forward with 14 elected Signers, still requiring the originally intended 70% threshold (or 10/14 Signers) for sBTC transactions. The sBTC Signers will run a vote to replace the last signer early next year. |
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sBTC Signer Set Update: Adding xLabs, Removing LuganodesFollowing the process outlined in SIP-028 for updating the sBTC signer set, we are proposing the following change: Addition: xLabsxLabs is a core contributor to Wormhole and brings significant experience in cross-chain infrastructure and validator operations. Key qualifications include:
xLabs has committed to contributing to the Stacks ecosystem through technical improvements, community engagement, and promoting Stacks adoption - building on their track record with Wormhole and other networks. Removal: LuganodesLuganodes will be removed from the active signer set. |
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Selection of sBTC Signer Set
Overview
This discussion aims to outline the process for selecting the initial signer set for the sBTC protocol, in alignment with the requirements specified in SIP-028. The goal is to gather feedback on the proposed criteria, the selection process, and final signer set to ensure the reliability and decentralization of the protocol.
Background
sBTC Signers facilitate the flow of deposits and withdrawals into the sBTC protocol. Signers are responsible for operating the sBTC bridge and ensuring a secure environment for sBTC users. The selected entities will play a key role in maintaining the protocol's functionality and reliable operations. More detailed background information can be found in this document.
Signer Criteria
The following are the proposed evaluation criteria for selecting the sBTC signers:
Selection Process
The proposed selection process is as follows:
Approximate Timeline (Projected)
Proposed sBTC Signers
To be completed following the end of the Nomination Phase.
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