[FIP-17.b] FIO Domain Wrapping


Key Decisions

  1. The main goal is to get FIO tokens and domains to the Ethereum chain.

  2. The foundation does not want to be a point of focus.

  3. Decentralization is important, but we could do a non-foundation single point of failure (BP) with proper mechanisms in place.

  4. Approval should be a multisig solution.

  5. Oracles will be paid in FIO. Paying in WFIO will not work because with NFTs there is no WFIO involved.

  6. We are using a network of independent Block Producers to manage the Oracle instead of a WBTC “merchant” approach is for regulatory reasons. The Foundation does not want to take the regulator risk.