Since approval of this CIP, Circle deployed USDCx rather than native USDC, which introduces additional technical, regulatory, and customer-education requirements relative to the original assumptions in CIP-0060.
For zerohash, USDCx increases implementation complexity and reduces the likelihood for zerohash to meet the original volume-based milestones, despite good-faith execution against the intent of the proposal.
To account for this change while preserving the original incentive structure and outcomes, the following targeted modifications are proposed.
All SV deliverables and milestones other than Adoption Incentives remain unchanged.
zerohash will be granted additional time to fully enable USDCx within its product suite with functionality comparable to natively issued USDC on the Canton network. Additionally, the Incentive Schedule of the remaining 4.5 weight shall also be adjusted to account the additional scope.
New deadline: March 31, 2026
Scope includes:
- Technical integration and operational readiness
- Regulatory review and compliance adjustments
- Customer education and onboarding related to USDCx usage on Canton
This extension and adjustment recognizes that USDCx integration represents new and unanticipated work relative to the original CIP assumptions.
Beginning April 1, 2026, Adoption Incentives will be measured on USDCx volume on Canton and Canton Coin (other similar assets), according to the following schedule:
0.5 SV weight earned for enabling USDCx and enabling 2 Tier 1 platforms (including Kalshi, Interactive Brokers, tastytrade, Draftkings or any other Platforms agreed by the Accountability Committee).
Months 1–6 Post Successful completion of Milestone A:
0.25 SV Weight earned per $40 million of notional settled on Canton, totalling $240 Million.
Maximum: 1.5 SV Weight
Months 1–12 Post–March 31, 2026
0.5 SV Weight earned per $250 million of notional settled on Canton, in excess of $250 million i.e. $250 million - $500 million notional unlocks 0.5 SV.
Maximum: 0.5 SV Weight
Months 1–24 Post–March 31, 2026
0.5 SV Weight earned per $250 million of notional settled on Canton, in excess of $500 million i.e. $750 million - $1 billion notional unlocks 0.5 SV.
Maximum: 1.5 SV Weight
All other SV deliverables, deadlines, and weights remain unchanged.
The original intent of incentivizing adoption, not enablement remains intact.
This modification strictly adjusts timing and unit economics to reflect updated technical and market realities.
This CIP is licensed under CC0-1.0: Creative Commons CC0 1.0 Universal.
- 2025-01-07: Initial draft of the proposal.
- 2026-01-07: CIP approved.