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    FIL+ Allocation Token and Token Approvals

    Creator
    Created
    Feb 23, 2022 9:42 PM
    Project
    Storage Programmability
    Stage
    Still Valid

    FIL+ Allocation/DataCap can become a non-transferable token (or with highly restricted transferability, with blessing by a notary or FIL+ governing body).

    Currently, we are looking at FIL+ deals becoming a two-stage process. First, the client has to use the FIL+ Allocation to bless a PieceCID with FIL+ status, and then a deal with verified status can be made.

    If FIL+ Allocation were to become a token then a mechanism of Token Approvals can be used to allow approved by client markets to spend the FIL+ Allocation token for the FIL+ status, thus reducing the friction of using FIL+.

    See ERC-20 standard Approve and TransferFrom

    See also ERC-20 Approve issue and possible resolution: https://docs.google.com/document/d/1YLPtQxZu1UAvO9cZ1O2RPXBbT0mooh4DYKjA_jp-RLM/edit#

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