[review] MIP-54: The Biarritz Model #54
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apenzk
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apenzk
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Nov 12, 2024
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| ## Motivation | ||
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| The Biarritz Model is motivated by the need for a progressive L2 model that can safely perform liquidity operations which are difficult to synchronize in an early AB-FFS L2. This model is intended to be a stepping stone towards more complex L2 models that require more sophisticated governance and operational assumptions. |
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| The Biarritz Model is motivated by the need for a progressive L2 model that can safely perform liquidity operations which are difficult to synchronize in an early AB-FFS L2. This model is intended to be a stepping stone towards more complex L2 models that require more sophisticated governance and operational assumptions. | |
| The Biarritz Model is motivated by the need for a [progressive L2 model](../mip-53/) that can safely perform liquidity and more generally fund-moving operations which are difficult to operate in an early AB-FFS L2. This model is intended to be a stepping stone towards more complex L2 models that require more sophisticated governance and operational assumptions. |
| | **Operational Assumptions** | | | | ||
| || **Bridge Liveness** | Operators can be relied upon to meet bridge liveness requirements. | | ||
| || **Security of Governance** | Governing body's powers cannot be exploited. | | ||
| || **Trust of Governance** | Users are willing to trust governing body. | |
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| || **Trust of Governance** | Users are willing to trust governing body. | | |
| || **Trust in Governance** | Users are willing to trust governing body. | |
| | Category | Criterion | Evaluation | | ||
| |-----------|-----------|------------| | ||
| | **General** | | | | ||
| || When to use | When a transition between a genesis or centralized phase form of the L2 system is apt but when security and safeness of design and implementation are still contested.| |
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| || When to use | When a transition between a genesis or centralized phase form of the L2 system is apt but when security and safeness of design and implementation are still contested.| | |
| || When to use | When a transition from a genesis or centralized phase form of the L2 system towards a more decentralized setting is appropriate, but the security and safeness of design and implementation are still contested.| |
| ||| Begins formal governance, but continues to allow for manual flexibility and recovery. | | ||
| || Usership motivations | Provides network which is more open than [MIP-55: The Bilbao Model](https://github.com/movementlabsxyz/MIP/pull/53), potentially encouraging adoption. | | ||
| | **Components** | | | | ||
| || [MIP-44: AB-FFS Governed Gas Pool](https://github.com/movementlabsxyz/MIP/pulls) | The Governed Gas Pool into which gas fees are deposited and from which the governing body disperses. | |
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| || [MIP-44: AB-FFS Governed Gas Pool](https://github.com/movementlabsxyz/MIP/pulls) | The Governed Gas Pool into which gas fees are deposited and from which the governing body disperses. | | |
| || [MIP-44: AB-FFS Governed Gas Pool](https://github.com/movementlabsxyz/MIP/pulls) | The Governed Gas Pool into which gas fees are deposited and from which the governing body disperses funds. | |
| || [MIP-44: AB-FFS Governed Gas Pool](https://github.com/movementlabsxyz/MIP/pulls) | The Governed Gas Pool into which gas fees are deposited and from which the governing body disperses. | | ||
| || [MIP-49: AB-FFS Governed Rewards and Fees](https://github.com/movementlabsxyz/MIP/pull/49) | The means by which gas fees and rewards are adjusted by the governing body. Rewards are migrated manually from the L2 to the L1 by the governing body. | | ||
| || [MIP-50: Insured Bridge](https://github.com/movementlabsxyz/MIP/pull/50) | The Bridge Insurance Fund which is used to cover the cost of failed bridge operations. Insures atomically and synchronously that all losses from bridge failures can be covered. | | ||
| || L1-L2 Token Correlation | The L1 staking and L2 gas token are bridge 1:1. | |
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| || L1-L2 Token Correlation | The L1 staking and L2 gas token are bridge 1:1. | | |
| || L1-L2 Token Correlation | The L1 token and the L2 token are bridged 1:1. Moreover the L2 token is the gas token and the L1 token is the staking token. | |
| || **Bridge Liveness** | Operators can be relied upon to meet bridge liveness requirements. | | ||
| || **Security of Governance** | Governing body's powers cannot be exploited. | | ||
| || **Trust of Governance** | Users are willing to trust governing body. | | ||
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The rate limiter should be added as a component
This was referenced Nov 13, 2024
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