DIP-4 & 5: Amendment 1
Last updated
Last updated
Headline: Relabeling "staking" because it's confusing
Author: The DIMO Foundation
Submitter(s): The DIMO Foundation [0xCED3c922200559128930180d3f0bfFd4d9f4F123]
Status: Deployed
Voting URL:
Discussion Forum: #🗳️governance forum
Vote Type:
This proposal alters the terminology used in DIP-4 and DIP-5 to replace the term "staking" with "bonding".
Many are confused by the term "staking" as used in DIP-4 and DIP-5. "Staking" in the context of blockchain projects usually refers to an activity whereby users lock up tokens for the purposes of earning a yield.
In DIP-4 and DIP-5, "staking" refers to hardware manufacturers, node operators, and client publishers putting up tokens as a security deposit as a condition of receiving a license. There is no yield for staking.
This amendment proposes using the term "bonding" instead.
If passed, this proposal would replace every instance of "stake" with "bond", "staking" with "bonding", "staked" with "bonded", and "staker" with "licensee" in DIP-4 and DIP-5.
If passed, DIP-4 and DIP-5 would be updated as specified above after the four day timelock concludes.
Please cite this document as:
July 6, 2024: disclaimer adjusted
Certain statements in this document constitute forward-looking statements. The words “may,” “will,” “should,” “project,” “anticipate,” “believe,” “estimate,” “intend,” “expect,” “continue,” and similar expressions or the negatives thereof are generally intended to identify forward-looking statements. Such forward-looking statements, including the intended actions and performance objectives, involve known and unknown risks, uncertainties, and other important factors that could cause the actual results, performance, or achievements to differ materially from any future results, performance, or achievements expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and nothing in this document represents a promise of specific work to be completed in the future.
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The DIMO Foundation, " DIP 4 & 5 Amendment 1", March 2023. [Online serial]. Available: []
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