[PROP # 12]Dymension 2D upgrade

Proposal

This proposal introduces a significant upgrade to the Dymension protocol enabling the permissioned deployment of RollApps. The upgrade sets the stage for the next phase of the Dymension Protocol.

Proposed upgrade

Context

  • Current Phase: Singularity Point - The current stage of the protocol, which is aimed to acquire the necessary stake and liquidity needed to support future RollApps.

Proposed Upgrade

  • 2D - Permissioned RollApp Phase: This phase will allow RollApps to be deployed upon receiving approval from Dymension’s onchain governance.

Future Phases:

  • 3D - Permissionless RollApps
  • 4D - Internet of RollApps

Prominent features include:

  • Fraud proof handling: Enabling state reversion in case of a fraudulent RollApp sequencer. This functionality is handled via a permissionless governance fraud submission.
  • Sequencer bonding and slashing: RollApp DYM bond for running a RollApp sequencer and slashing and burning DYM upon fraud.
  • eIBC (escrow IBC): An intent-centric bridge that enables market makers (or any party) to fulfill user withdrawals from RollApps prior to the completion of the dispute period. Enabling instant withdrawals to Dymension.
  • Virtual ERC-20 tokens: Enabling ICS-20 tokens to be represented as ERC-20 tokens in EVM wallets.

Governance Vote

  • YES
  • NO
  • NO WITH VETO - A ‘NoWithVeto’ vote indicates a proposal either (1) is deemed to be spam, i.e., irrelevant to Dymension, (2) disproportionately infringes on minority interests, or (3) violates or encourages violation of the rules of engagement as currently set out by Dymension governance. If the number of ‘NoWithVeto’ votes is greater than a third of total votes, the proposal is rejected and the deposits are burned.
  • ABSTAIN - You wish to contribute to quorum but you formally decline to vote either for or against the proposal.
74 Likes

Looking forward to this upgrade.

17 Likes

Great job team. I dont see any issues with this going live onchain. Really looking forward to vote :slight_smile:

11 Likes

Looking forward to it. Let it begin

6 Likes

It’s about time. Let’s get the DYM ball rolling :barber:

7 Likes

Great proposal! Lucky Research will vote Yes when proposal availabale.
Thank you team!

6 Likes

Excited for the next phase. Looking forward to seeing RollApps live on mainnet.

6 Likes

Exciting times. Future dymension is very bright.

5 Likes

I can’t wait for this upgrade! Dymension builders move fast!

5 Likes

ancioso pela nova atualização, parabéns time!

4 Likes

our validator supports this prop!

2 Likes

only can vote YES for this great proposal

2 Likes

the time has come… let’s goooooo! let the floodgates open!

3 Likes

Would it be possible to have the burn mechanism built into the RollApp without RollApp operators having to create a smart contract to burn tokens? Or does this require another proposal?

1 Like

It feels like you’re taking part in a story. Like the birth of a new cosmos. Let’s vote!

1 Like