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VideoYouTubeStellar Development FoundationMay 12, 20224y ago56:55

Open Protocol Discussion (5/12/22)

Stellar Protocol discussion on smart contract integration via Project Jump Cannon. Core focus: how to handle compliance and asset authorization when smart contracts interact with classic Stellar assets, particularly around clawback and frozen asset scenarios.

Smart ContractsDevelopersAsset Management
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The Stellar Development Foundation held a protocol discussion on May 12, 2022 to address smart contract protocol changes needed for Project Jump Cannon. The main debate centered on compliance mechanisms when classic Stellar assets (like USDC) are used in smart contracts. Key tension: classic assets support issuer controls like clawback and authorization revocation, but smart contracts cannot automatically enforce these globally. Participants discussed whether contracts should require guards to detect state changes, whether issuers should call cleanup functions, or whether clawback-enabled assets should be blocked from smart contracts entirely. The group acknowledged the problem exists on Ethereum too but remains unresolved on how to balance developer usability with asset issuer compliance needs.