Governance as a BVS Example 

Overview

This example demonstrates using a social committee as the governing body for Bitcoin Validated Service (BVS) integrated with SatLayer (shared security provider). The service for this example is simply a solidity based multi-signature contract, a fixed membership committee that can be used to govern the BVS, for the following:

• Slashing lifecycle

  • Slashing Request
  • Locking the collateral as part of the slashing lifecycle
  • And finalizing the slashing request - moving the slashed collateral to the BVS contract balance.

• Reward distribution

  • This example imagines a scenario where there is a reward trigger mechanism off-chain that triggers and injects rewards into the SLAY reward contract through the BVS contract.
  • The committee is responsible for reviewing, proposing, voting, and executing the reward distribution.
  • For simplicity, this example assumes that operators are also node runners. Rewards are paid out as part of their sovereign native chain mechanisms to their operators separately. The node runners (operators) additionally act as vault curators on BVS, such that the rewards are only paid to the retail stakers that stake into the vaults.
  • The example also assumes that the reward node runners are required to curate vaults on BVS.
  • Operators are free to stake to their own delegated vaults to earn additional rewards.

Getting started

Have a docker environment set up on the machine and follow these steps to run the example:

1. Run turbo run build at the root of this monorepo to build the test containers this example uses.
2. Run pnpm install in the examples/evm/governance (the root of this project) directory to install dependencies.
3. Run pnpm run build to build the Solidity contract.
4. Run pnpm run test to start the off-chain service tests.
5. Optionally run pnpm run test:sol to run solidity specific tests.

Disclaimer

This example is provided as supplemental material for BVS developers exploring integration with SatLayer. The “social committee” governing body is used here purely as a simple illustrative construct and does not constitute a recommendation of any reward or slashing policy.

If you are seriously considering a social-committee governance model for a production BVS, we strongly advise engaging experienced protocol engineers and independent security auditors to design and review your contracts rather than relying on this example implementation.