Thanks team for putting together the proposal, and for responding to the questions posted.
First, I think it’s important to try to provide a visual representation of the potential subnet architecture, so I put together a rough overview (all inaccuracies are mine) to help guide the conversation.
Assumptions/questions I have after putting this together, that I’d like to confirm.
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Standard burn/mint burn-mint fees: Those fees would remain, so anyone entering the RenVM network (and supported subnets) from an outside blockchain would have to pay fees to DNOs, correct?
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Fees between subnets: How would those fees be managed? Would these be the standard burn-mint fee required for host2host transfers?
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Subnet: Customized validator specs: Would these subnets run similarly to AVAX where, potentially all validators would be required to not only meet technical requirements, but regulatory ones as well? Could we see “permissioned subnets” make up the bulk of subnets with high volumes where only certain darknodes would be able to participate (based on location, identity, etc.)? Would such a structure harm decentralization?
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Additional bonding requirements: I worry, like others here that adding additional bonding requirements to participate in subnets would make it economically infeasible for DNOs with less means to participate. How would/could this be prevented? What’s your response to this concern?
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As we’ve seen with Solana, huge technical requirements can harm network robustness and decentralization. Would it be possible for DNOs to vote on a set of standard technical specs for subnets that support broad participation and increases network robustness?
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What is the ultimate role of the Ren token in this model? It’s utilized to bond Darknodes, but what about being used as a bond for subnets? Requiring DNOs to make purchases of dozens of tokens to bond their darknodes to specific subnets is not an optimal solution imo.
Overall, I think the subnet idea is interesting, but worry about lower robustness of subnets due to potentially infeasible economic, technical and regulatory requirements, and the potential to lock out DNOs with fewer economic resources from the most promising opportunities in subnets, which could have a negative impact on the overall network imo.