This repository has been archived by the owner on Oct 3, 2022. It is now read-only.
forked from cosmos/ibc-go
-
Notifications
You must be signed in to change notification settings - Fork 1
Commit
This commit does not belong to any branch on this repository, and may belong to a fork outside of the repository.
docs: overview of fee middleware (cosmos#1549)
* fix broken link * fix: rm AllowUpdateAfter... check (cosmos#1118) * update code & test * update proto and adr026 * update CHANGELOG * update cli docs * update broken milestone link
- Loading branch information
1 parent
681a558
commit 1be4519
Showing
2 changed files
with
54 additions
and
0 deletions.
There are no files selected for viewing
This file contains bidirectional Unicode text that may be interpreted or compiled differently than what appears below. To review, open the file in an editor that reveals hidden Unicode characters.
Learn more about bidirectional Unicode characters
This file contains bidirectional Unicode text that may be interpreted or compiled differently than what appears below. To review, open the file in an editor that reveals hidden Unicode characters.
Learn more about bidirectional Unicode characters
Original file line number | Diff line number | Diff line change |
---|---|---|
@@ -0,0 +1,37 @@ | ||
<!-- | ||
order: 1 | ||
--> | ||
|
||
# Overview | ||
|
||
Learn about what the Fee Middleware module is, and how to build custom modules that utilize the Fee Middleware functionality {synopsis} | ||
|
||
## What is the Fee Middleware module? | ||
|
||
IBC does not depend on relayer operators for transaction verification. However, the relayer infrastructure ensures liveness of the Interchain network — operators listen for packets sent through channels opened between chains, and perform the vital service of ferrying these packets (and proof of the transaction on the sending chain/receipt on the receiving chain) to the clients on each side of the channel. | ||
|
||
Though relaying is permissionless and completely decentralized and accessible, it does come with operational costs. Running full nodes to query transaction proofs and paying for transaction fees associated with IBC packets are two of the primary cost burdens which have driven the overall discussion on a general, in-protocol incentivization mechanism for relayers. | ||
|
||
Initially, a [simple proposal](https://github.com/cosmos/ibc/pull/577/files) was created to incentivize relaying on ICS20 token transfers on the destination chain. However, the proposal was specific to ICS20 token transfers and would have to be reimplemented in this format on every other IBC application module. | ||
|
||
After much discussion, the proposal was expanded to a [general incentivisation design](https://github.com/cosmos/ibc/tree/master/spec/app/ics-029-fee-payment) that can be adopted by any ICS application protocol as [middleware](../../ibc/middleware/develop.md). | ||
|
||
## Concepts | ||
|
||
ICS29 fee payments in this middleware design are built on the assumption that sender chains are the source of incentives — the chain on which packets are sent is the same chain that fee distribution to relayer operators takes place. Therefore, the middleware enables the registering of addresses associated with each party involved in relaying the packet on the source chain, and the escrowing of fees by any party which will be paid out to each party on completion of the packet lifecycle. This registration process can be automated on start up of relayer infrastructure. | ||
|
||
`Forward relayer`: The relayer that submits the `MsgRecvPacket` message for a given packet (on the destination chain). | ||
|
||
`Reverse relayer`: The relayer that submits the `MsgAcknowledgement` message for a given packet (on the source chain). | ||
|
||
`Timeout relayer`: The relayer that submits the `MsgTimeout` or `MsgTimeoutOnClose` messages for a given packet (on the source chain). | ||
|
||
`Payee`: The account address on the source chain to be paid on completion of the packet lifecycle. The packet lifecycle on the source chain completes with the receipt of a `MsgTimeout`/`MsgTimeoutOnClose` or a `MsgAcknowledgement`. | ||
|
||
`Counterparty payee`: The account address to be paid on completion of the packet lifecycle on the destination chain. The package lifecycle on the destination chain completes with a successful `MsgRecvPacket`. | ||
|
||
`Refund address`: The address of the account paying for the incentivization of packet relaying. The account is refunded timeout fees upon successful acknowledgement. In the event of a packet timeout, both acknowledgement and receive fees are refunded. | ||
|
||
## Known Limitations | ||
|
||
The first version of fee payments middleware will only support incentivisation of new channels, however, channel upgradeability will enable incentivisation of all existing channels. |