[R&D] Evaluate stable(coin) based approaches to pay for the Network's Utility

[Olshansk]

Objective

Make the network's utility (paying for API calls) using standard mechanisms.

Origin Document

Industry & global adoption of stablecoins.

Goals

• Make the utility of the network more accessible to Web2 enterprises
• Accrue more value to POKT and its ecosystem
• Enable leveraging the enetwork's utility without owning POKT, but also accruing value to POKT behind the scenes
• Communicate Pocket Network as a Permissionless API marketplace w/o the need to explain or onboard users to a native token

Deliverables

• A prototype that modifies the tokenomics module to use stablecoins to settle claims
• noble.xyz
  • Investigation into x402 as a payment mechanism to settle claims onchain
  • Investigation into x403 as a payment mechanism to pay gateways offchain
• x402
  • Investigation into x402 as a payment mechanism to settle claims onchain
  • Investigation into x403 as a payment mechanism to pay gateways offchain

Non-goals / Non-deliverables

• Production implementation of any of these features
• Discussions/conversations of how this may / may not make POKT a security
• Financial discussions of how "network dividends" should be paid to POKT holders
• Impacts on network security and sustainability

General deliverables

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Creator: @Olshansk
Co-Owners: @ArtSabintsev @fredteumer

[TheFeloniousMonk]

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