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@witgaw witgaw commented Apr 14, 2023

First completed draft of the spec, based on: #1505.

close #866 .

TL;DR

  • There’s a way to for parties to pool funds and nominate a key that will be able to allocate those funds within Vega but never outside of it (no possibility of withdrawal for that key).
  • There’s a way to change the key managing the funds.
  • A mechanism for rewarding the key managing the funds exists (management fee).
  • Parties which transferred into the fund account can request the funds (up to the current value of their share of the fund) at any time, however there’s a delay in place to allow the manager to carry out a sensible liquidation of the required portion of fund’s holdings.

@witgaw witgaw marked this pull request as draft April 14, 2023 17:48
@gordsport gordsport linked an issue Apr 28, 2023 that may be closed by this pull request
5 tasks
@gordsport gordsport changed the base branch from cosmicelevator to palazzo September 13, 2023 16:08
@witgaw witgaw force-pushed the fund-account branch 2 times, most recently from 66fce84 to 8ae592e Compare October 12, 2023 16:49
@witgaw witgaw self-assigned this Oct 13, 2023
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[SPEC ONLY]: Gather requirements for fund accounts

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