diff --git a/economic-protocol/economic-protocol.tex b/economic-protocol/economic-protocol.tex index 72b40f5..89555d2 100644 --- a/economic-protocol/economic-protocol.tex +++ b/economic-protocol/economic-protocol.tex @@ -555,10 +555,25 @@ \hline \end{tabular}} + \subsection*{On Fee Denomination}\label{subsec:on-fee-denominations} + We have chosen to write this document under the assumption that fees are + denominated in \dusk. + Given a specification of other denominations known to the \transfercontract, + it is possible to extend this economic model to support other denominations + for fees. + It would then become viable for a \user pay for a contract's \fee in any + denomination supported by the \transfercontract, with particular emphasis + on EMT (Electronic Money Token) or ART (Asset Reference Token) as established + by the MiCA regulatory framework. + + Paired with the receiving \contract being able to specify the denomination(s) + that it is willing to accept, this would allow for some interesting use cases, + such as frictionless digital currencies and tokenized loyalty programs. + \subsection*{Prior Art}\label{subsec:prior-art} Some blockchains are also trying to create incentives for smart contract developers/owners. - Fantom\footnote{https://docs.fantom.foundation/funding/gas-monetization} and NEAR\footnote{https://wiki.dusk.network/org/roadmap/economic-model\#platform-pays-contracts} propose + Fantom\footnote{https://docs.fantom.foundation/funding/gas-monetization} and NEAR\footnote{https://docs.near.org/concepts/basics/transactions/gas} propose similar approaches to the one presented in this document, albeit with slightly different implementations.