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Add EIP-5679: Token Minting and Burning #5679

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106 changes: 106 additions & 0 deletions EIPS/eip-5679.md
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---
eip: 5679
title: Token Minting and Burning
description: An extension for minting and burning tokens for EIP-20, EIP-721, EIP-1155.
author: Zainan Victor Zhou (@xinbenlv)
discussions-to: https://ethereum-magicians.org/t/erc-5679-mint-and-burn-tokens/10913
status: Draft
type: Standards Track
category: ERC
created: 2022-09-17
requires: 20, 165, 721, 1155
---

## Abstract
This EIP introduces a consistent way to extend token standards for minting and burning.

## Motivation
Minting and Burning are typical actions for creating and destroying tokens.
By establishing a consistent way to mint and burn a token, we complete the basic lifecycle.

Some implementations of [EIP-721](./eip-721.md) and [EIP-1155](./eip-1155.md)
have been able to use `transfer` methods or the-like
to mint and burn tokens. However, minting and burning change token supply. The access controls
of minting and burning also usually follow different rules than transfer.
Therefore, creating separate methods for burning and minting simplifies implementations
and reduces security error.

## Specification
The key words “MUST”, “MUST NOT”, “REQUIRED”, “SHALL”, “SHALL NOT”, “SHOULD”, “SHOULD NOT”, “RECOMMENDED”, “MAY”, and “OPTIONAL” in this document are to be interpreted as described in RFC 2119.

1. Any contract complying with [EIP-20](./eip-20.md) when extended with this EIP,
**MUST** implement the following interface:

```solidity
// The EIP-165 identifier of this interface is 0xa73fd2a4
interface IERC5679Ext20 {
function mint(address _to, uint256 _amount, bytes[] calldata _data) external;
function burn(address _from, uint256 _amount, bytes[] calldata _data) external;
}
```

2. Any contract complying with [EIP-721](./eip-721.md) when extended with this EIP,
**MUST** implement the following interface:

```solidity
// The EIP-165 identifier of this interface is 0x0346d398
interface IERC5679Ext721 {
function safeMint(address _to, uint256 _id, bytes[] calldata _data) external;
function burn(address _from, uint256 _id, bytes[] calldata _data) external;
}
```

3. Any contract complying with [EIP-1155](./eip-1155.md) when extended with this EIP,
**MUST** implement the following interface:

```solidity
// The EIP-165 identifier of this interface is 0xdff2db76
interface IERC5679Ext1155 {
function safeMint(address _to, uint256 _id, uint256 _amount, bytes[] calldata _data) external;
function safeMintBatch(address to, uint256[] memory ids, uint256[] memory amounts, bytes memory data) external;
function burn(address _from, uint256 _id, uint256 _amount, bytes[] calldata _data) external;
function burnBatch(address _from, uint256[] memory ids, uint256[] memory amounts, bytes[] calldata _data) external;
}
```

4. When the token is being minted, the transfer events **MUST** be emitted as if
the token in the `_amount` for EIP-20 and EIP-1155 and token id being `_id` for EIP-721 and EIP-1155
were transfer from address `0x0` to the recipient address identified by `_to`.
The total supply **MUST** increase accordingly.

5. When the token is being burned, the transfer events **MUST** be emitted as if
the token in the `_amount` for EIP-20 and EIP-1155 and token id being `_id` for EIP-721 and EIP-1155
were transfer from the recipient address identified by `_to` to the address of `0x0`.
The total supply **MUST** decrease accordingly.

6. For EIP-721, the `safeMint` **MUST** operate with respect to the `ERC721TokenReceiver` hook functions.
For EIP-1155, the `safeMint` and `safeMintBatch` **MUST** operate with respect to the `ERC1155TokenReceiver` hook functions.

## Rationale

1. It's possible that the interface be consolidated to the same as EIP-1155 which is always bearing `_amount` field,
regardless of whether it's a EIP-20, EIP-721 or EIP-1155. But we choose that each ERC token should have their own
standard way of representing the amount of token to follow the same way of `_id` and `_amount` in their original
token standard.

2. We have chosen to identify the interface with [EIP-165](./eip-165.md) identifiers each individually,
instead of having a single identifier because the signatures of interface are different.

3. We have chosen NOT to create new events but to require the usage of existing transfer event as required by EIP-20
EIP-721 and EIP-1155 for maximum compatibility.

4. We have chosen to add `safeMintBatch` and `burnBatch` methods for EIP-1155 but not for EIP-721 to follow the
convention of EIP-721 and EIP-1155 respectively.

5. We have not add extension for [EIP-777](./eip-777.md) because it already handles Minting and Burning.

## Backwards Compatibility

This EIP is designed to be compatible for EIP-20, EIP-721 and EIP-1155 respectively.

## Security Considerations

Needs discussion.

## Copyright
Copyright and related rights waived via [CC0](../LICENSE.md).