RGB-20: Fungible assets
LNPBP: 0020
Aliases: RGB20
Vertical: Smart contracts
Title: RGB fungible assets interface (RGB-20)
Authors: Dr Maxim Orlovsky <[email protected]>,
Giacomo Zucco,
Marco Amadori,
Nicola Busanello,
Federico Tenga,
Armando Dutra,
Sabina Sachtachtinskagia,
Martino Salvetti
Comments-URI: <https://github.com/LNP-BP/LNPBPs/discussions/140>
Status: Proposal
Type: Standards Track
Created: 2019-09-23
Updated: 2023-05-10
Finalized: ~
Copyright: (0) public domain
License: CC0-1.0
Overview
- secondary issue
- issue delegation
- cancelling issue
Interface specification is the following Contractum code:
-- Defined by LNPBP-31 standard in `RGBContract.sty` file
import level_decide_percent_6z2gZQEJsnP4xoNUC94vqYEE9V7gKQbeJhb5521xta5u as RGBContract
data Amount :: U64
interface RGB20
-- Asset specification containing ticker, name, precision etc.
global spec :: RGBTypes.DivisibleAssetSpec
-- Contract text and creation date is separated from the spec since it must
-- not be changeable by the issuer.
global terms :: RGBTypes.RicardianContract
global created :: RGBTypes.Timestamp
-- State which accumulates amounts issued
global issuedSupply* :: Amount
-- State which accumulates amounts burned
global burnedSupply* :: Amount
-- State which accumulates amounts burned and then replaced
global replacedSupply* :: Amount
-- Right to do a secondary (post-genesis) issue
public inflationAllowance* :: Zk64
-- Right to update asset Specification
public updateRight?
-- Right to open a new burn & replace epoch
public burnEpoch?
-- Right to burn or replace existing assets under some epoch
public burnRight*
-- Ownership right over assets
private assetOwner* :: Zk64
genesis :: spec
, terms
, created
, issuedSupply
, reserves {RgbTypes.ProofOfReserves ^ 0..0xFFFF}
-> assetOwner*
, inflationAllowance*
, updateRight?
, burnEpoch?
-- errors which may be returned:
!! supplyMismatch
| invalidProof
| insufficientReserves
op Transfer :: previous assetOwner+
-> beneficiary assetOwner+
!! nonEqualAmounts
-- question mark after `op` means optional operation, which may not be
-- provided by some of schemata implementing the interface
op? Issue :: used inflationAllowance+
, reserves {RgbTypes.ProofOfReserves ^ 0..0xFFFF}
-> issuedSupply
, future inflationAllowance*
, beneficiary assetOwner*
!! supplyMismatch
| invalidProof
| issueExceedsAllowance
| insufficientReserves
op? OpenEpoch :: used burnEpoch
-> next burnEpoch?
, burnRight
op? Burn :: used burnRight
, burnedSupply
, burnProofs {RgbTypes.ProofOfReserves ^ 0..0xFFFF}
-> future burnRight?
!! supplyMismatch
| invalidProof
| insufficientCoverage
op? Replace :: used burnRight
, replacedSupply
, burnProofs {RgbTypes.ProofOfReserves ^ 0..0xFFFF}
-> future burnRight?
, beneficiary assetOwner+
!! nonEqualAmounts
| supplyMismatch
| invalidProof
| insufficientCoverage
op? Rename :: used updateRight
-> future updateRight?
, new spec
This standard is the first fungible token interface defined for RGB assets, so compatibility with other standards do not apply.
The standard provides a superset for ERC20 token capabilities; however due to RGB nature it is not directly compatible with ERC20 and other similar standards using account-based blockchains (and not client-side-validation on UTXO chains). However, a ERC20 tokens may be re-issued or bridged under this standard.
Include from
This document is licensed under the Creative Commons CC0 1.0 Universal license.
To the extent possible under law, LNP/BP Standards Association has waived all copyright and related or neighboring rights to this work.
Last modified 17d ago