Deterministic address
Node operators can verify destination deterministically and cheaply.
ECIP-1111-ELY-REV: Elysium Revenue Contract
Draft status: this is a pre-numbering draft and should be shared as provisional text. Contract semantics, deployment specifics, and governance boundary wording remain open for revision.
Defines minimal, protocol-owned custody semantics for all redirected BASEFEE receipts under Elysium.
Design Principles
Immutable target
Avoids discretionary destination drift at consensus layer.
Minimal custody surface
Keeps contract responsibilities small and auditable.
Separation of concerns
Custody is distinct from settlement modules and parameter governance.
Operational Funding Direction (non-binding)
One discussed deployment policy is a governance-controlled split of received BASEFEE: 10% logtrees R&D, 10% ETC R&D, and 80% Rainbow Compute.
The contract remains minimal by design: allocation policy can be handled by governance/companion mechanisms with transparent reporting and periodic review, rather than rigid consensus-level encoding; ETC governance may increase the ETC R&D share when warranted.
Non-goals
This ECIP does not specify logN formulas, off-chain administration, discretionary grant logic, or UI implementations.
