Update ACE Proxy

Summary

The ZERA Network utilizes the Authorized Currency Equivalent ($ACE+0000) as a mechanism to anchor fees and staking allocations across the ecosystem. This system enhances accessibility, transparency, and predictability by allowing network costs remain consistent and fair across different assets over time.

Currently, the ACE proxy is limited by a hardcoded $1.00 rate template for ZERA, providing no dynamic support for other token instruments. This restricts the network's ability to adapt to changing market conditions or support diverse ACE-enabled assets.

Proposal

This proposal seeks to update the $ACE proxy to point to a network oracle smart contract.
The oracle can publishing rate data for any ZERA Network enabled tokens.

This upgrade will:

• Enhance network utility by allowing external market data to inform fee and validator metrics.
• Improve accuracy and fairness in transaction fees across instruments.

By introducing this proposal, the ACE framework becomes more reflective of real-world conditions while preserving transparency and decentralized governance control.

Governance Transaction

Execute a governance transaction to:

• Update the ACE Proxy to reference a new oracle-based contract for token rate updates.