Overview

This FIP proposes a change to how registration staking works for monetized miners across Fry Networks.

Registration staking itself is not being voted on in this FIP.
Once community-proposed FIPs (cFIPs) are live, any community member who wishes to remove registration staking entirely may propose a separate FIP for community consideration and formal voting.

FIP-013 is limited in scope to determining how the $50 registration peg should behave over time.

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Current Registration Staking Model

• Registration staking is required for monetized miners
• The stake is priced at ~$50 USD at the time of registration
• The staked amount is a fixed token quantity
• Upon withdrawal:
  • If the token price has fallen → the user receives less than $50 USD
  • If the token price has risen → the user receives more than $50 USD

This exposes operators to market risk unrelated to miner performance and has been a recurring source of confusion and concern.

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Proposed Change

FIP-013 proposes adjusting the behavior of the $50 registration peg.

Under a dynamic model:

• Registration staking behaves like a $50-value position
• Upon withdrawal:
  • If token price decreases → the user receives more tokens, worth approximately $50 USD
  • If token price increases → the user receives fewer tokens, worth approximately $50 USD

This proposal affects registration staking mechanics only and does not modify:

• mining reward rates
• reward multipliers
• miner tiers
• verification stakes
• node stakes

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Purpose of Registration Staking

Registration staking exists to:

• Protect the network once monetization is active
• Ensure consistent and reliable data delivery
• Align operators with long-term network health
• Prevent low-effort or spam participation

This FIP does not remove or weaken these requirements.

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Community Discussion Summary

The community discussion highlighted differing perspectives around risk exposure, fairness, and tokenomics, but consensus that the core question is how the $50 peg should behave — not whether registration staking should exist.

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Voting Options

Option A — Ongoing $50 Registration Peg (Both Directions)
Registration staking maintains a ~$50 USD-equivalent value for its full lifecycle, regardless of token price movement.

Option B — Downside Protection Only
Registration staking is protected against price drops (cannot withdraw less than ~$50 USD), while retaining upside exposure if the token price increases.

Option C — Keep Current Model (Status Quo)
The $50 peg applies only at registration. Registration staking remains a fixed token amount with full price exposure on withdrawal.

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Implementation Notes

(Non-binding; finalized only if this FIP passes)

• Price reference may use DEX pricing, oracle feeds, or indexed averages
• Adjustments should be epoch-based rather than real-time
• Smoothing (TWAP / moving averages) and circuit breakers may be applied

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Voting

This FIP will proceed to a formal vote.
The option with the highest number of votes will be implemented.