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The mechanism as described by Rieki in his rainbow paper and as developed by Chuck is more of a backing mechanism. The classic staking - as in locking up a token for a period of time doesn't yet exist in the contract. It might be confusing to keep the terminology Staking for what is more of a backing.
The text was updated successfully, but these errors were encountered:
alexprate
changed the title
Should we rename "Staking" to "Backing" in the rainbow contract?
Design: Should we rename "Staking" to "Backing" in the rainbow contract?
Apr 14, 2022
@chuck-h I'm in favour of updating the name from staking to backing to avoid confusion.
alexprate
changed the title
Design: Should we rename "Staking" to "Backing" in the rainbow contract?
Rename "Staking" to "Backing" in the rainbow contract
Apr 15, 2022
@chuck-h It was agreed during the last CWG to rename Staking to backing to avoid confusion - at a minimum on the UI and if possible at the contract level.
The mechanism as described by Rieki in his rainbow paper and as developed by Chuck is more of a backing mechanism. The classic staking - as in locking up a token for a period of time doesn't yet exist in the contract. It might be confusing to keep the terminology Staking for what is more of a backing.
The text was updated successfully, but these errors were encountered: