Orcfax staking: rewarding good behaviour
R&D into Orxfax Network staking funded through the Catalyst F12 campaign.
This page will provide documentation pertaining to the execution of the proposal and links to each of the deliverables required for their respective Milestones. The full Catalyst proposal can be found here.
Problem statement
Game theory remains under-utilized within Cardano. As we progress to full decentralization, Cardano dApps need more tools and protocols to incentivize desired behaviour while mitigating bad actors.
Proposed solution
Orcfax will research staking mechanisms for Web3 networks, design an architecture stack of relevant tools and protocols, and develop a proof of concept for testing in our validator network.
Milestone 1
Orcfax will produce a qualitative research report which evaluates current Web3 staking protocols and tools available to Cardano projects.
Milestone 2
Orcfax will produce the following:
- Economic model report
- Use case descriptions
- Network architecture diagrams
Milestone 3
Orcfax will produce software code that demonstrates how a validator node operator can:
- deposit testFACT stake
- receive testFACT rewards
- have testFACT slashed for non-conformant behaviour