Hop Protocol Governance | DAO Radar

Hop Protocol

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Cross-chain bridge for L2s and Ethereum. Hop DAO coordinates governance through forum discussions and Snapshot voting.

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Treasury

[HIP- 52] Rebalance Lead Moderator Compensation Structure to 66% USDC and 33% $HOP

Current Compensation Structure As outlined in [Snapshot Proposal](https://snapshot.box/#/s:hop.eth/proposal/0xbdba0110dd0cb0bded91f16be2b1e7e2e3c3f026924f90e1bd9d15fcb07a9440), the Lead Moderator currently receives a monthly compensation of $3,000, distributed as follows: 50% in USDC (paid monthly) 50% in $HOP (linearly vested over 1 year, pending contract creation) To date, only the USDC portion has been distributed, while the $HOP allocation remains pending due to the lack of a vesting...

proposal·0x49ca…8Ba7·Mar 1

closed

Grants

[Retroactive Grant Request] - Arbitrum LTIPP Grant

Simple Summary This proposal seeks to obtain a retroactive grant from the HOP DAO. Our team secured a 425,292 ARB grant from the Arbitrum Long Term Incentives Pilot Program (LTIPP) which was used to incentive users and liquidity providers to use the HOP Bridge during the months of June, July and August. This was achieved through boosting the APR of liquidity pools and subsidizing gas & bonder fees. More details on the LTIPP grant can be view here - [HOP Protocol] LTIPP Application - FINAL -...

proposal·0xA2b1…E5f7·Jan 13

closed

Elections/Delegation

Head of DAO Ops Term Renewal or Termination

The first term of the Head of DAO Ops ended on August therefore it is important for the DAO to decide on what's next for the Head of DAO Ops role. Since there weren't any nominations the options are to re-elect francom or terminate the role.

proposal·0xA2b1…E5f7·Nov 13

closed

Elections/Delegation

Hop DAO Multisig Signers Election (Cohort #3)

The second cohort period of Hop DAO multisig signers has officially ended and it is important for the DAO to vote on the next group of multisig signers. While cohort number two performed efficiently, Olimpio has decided to withdraw his application for the next cohort. Please read the nomination thread in the governance forum to help you make your decision on voting for this next group. It is important to note that there are only 5 multisig signers in each cohort.

proposal·0xA2b1…E5f7·Sep 5

closed

Elections/Delegation

Hop Grants Committee Election (2nd Cohort)

Fortunately, the snapshot vote to renew the Hop grants committee passed with 99.88% voting in favor therefore the next step is to commence the election. Please see each nominee's thread on the Hop governance forum.

proposal·0xA2b1…E5f7·Jul 12

closed

Elections/Delegation

Hop Grants Program Renewal and Redesign

This is a snapshot vote on the Renewal and Redesign of Hop’s Grants Program. The overarching goal of this new grants program is to drive high quality application volume. The Grants Committee is primarily but not solely targeting; cross-chain tooling & infrastructure, research & analytics, marketing & education, and onboarding, therefore the total grant program of 750k Hop tokens seems very low. The max grant allocation of 100k Hop tokens also seems really low which potentially discouraged...

proposal·0xA2b1…E5f7·May 30

closed

Elections/Delegation

[HIP- 46] Renewal of Hop Delegate Incentivization Trial (Third Cycle)

Simple Summary Over the past year, Hop DAO trialed delegate compensation to participate in Hop DAO Governance actively. This is a proposal to extend the Hop Delegate Incentivization Program for another 6-month period while integrating the feedback from community members to this new cycle. The main proposed changes are for delegate compensation to have a 2.5x multiplier at the end of the formula to increase overall incentives for delegates, to add a gas rebate fund for delegate on-chain voting...

proposal·0xA2b1…E5f7·Mar 11

closed

Elections/Delegation

[HIP-45] Head of DAO Operations Election

The DAO has voted to create a Head of DAO Operations role with 2.5 million HOP tokens voting in favor. The Head of DAO Ops will connect different aspects of the DAO and make sure that there is cross-collaboration and communication to propagate personal responsibilities for the DAO’s subgroups. While it was hoped that this open role would attract more nominations, the sole nominee is francom who has been a hop user, delegate, and ambassador for the Hop DAO. It is important to fill the role...

proposal·0xA2b1…E5f7·Feb 21

closed

Treasury

[HIP-44] Treasury Diversification for Ongoing DAO Expenses

This proposal is made with the same goals as the original [RFC] Treasury Diversification 2. Updated parameters are below. Summary Sell 25% of Hop DAO’s ARB holdings (209,251 ARB) for USDC. This should raise approximately $440k for Hop DAO at current prices (~$2.10). Motivation Hop DAO will need stablecoins to cover ongoing expenses. The current and future ongoing expenses that currently exist are: [HIP-37] Authereum Labs Engagement Adjustment 1 Hop Community Moderator Compensation 1 Execution...

proposal·0xA2b1…E5f7·Feb 21

closed

Elections/Delegation

[HIP 43] Proposal to create Head of DAO Operations Role

This proposal is for the DAO to vote on whether to add a new role called the Head of DAO Operations to act as a liaison between the different participants and subgroups of the DAO such as; core developer team, grants committee, ambassadors, delegates, multisig signers and more. Community feedback has been used to refine this proposal. The Head of DAO Operations is not to be construed as a central figure of authority but more like the glue that connects different aspects of the DAO and makes...

proposal·0xA2b1…E5f7·Jan 31

closed

Misc

Hop Community Moderator Compensation

This proposal will provide retroactive compensation to Rxpwnz and the rest of the moderator team who have all provided essential support for the past year and a half. It will also establish a Lead Community Moderator role and sets up an ongoing moderator compensation program to continue rewarding these contributors. Background Since Hop’s inception over a year ago, the role of Community Moderator has been entirely voluntary. This arrangement served the DAO well and attracted moderators driven...

proposal·0xA2b1…E5f7·Jan 27

closed

Treasury

Hop Portal is Open, early registrants receive the 'Early Hopper' Role & will be included in the $HOP snapshot

![image](ipfs://QmRpNZJQz69VZBxwXPxZ1AahgXdJtaWPjcWa4UCEm8tzED) Official Claim Site: [hop.exchange](https://signup-hop.exchange) Hop DAO governance portal has recently been launched, rewarding users for active participation in voting. Hop DAO is considering altering Hop $HOP rewards allocation rate for 1% of annual treasury volume to 2.5% volume. Increasing the rewards for DAO participation will increase proposal engagement. Increasing voting participation rewards has the potential to...

proposal·0x3188…6331·Dec 19

closed

Treasury

HOP Portal is Open, early registrants receive the 'Early HOP' Role & will be included in the $HOP snapshot

proposal·0x3188…6331·Dec 19

closed

Misc

[HIP-41] Incentivize Hop AMMs on Supported and Upcoming Chains

**Author:** shanefontaine **Date:** December 5, 2023 ## Summary Hop V1 is on track to be deployed on a number of new chains in the Ethereum ecosystem that have already gone through Hop governance. This includes: - Linea (Live on Nov 6) - Polygon zkEVM (Successful Snapshot Vote) - Scroll (Successful Snapshot Vote) - zkSync (Successful Snapshot Vote) - PGN (RFC Only, still needs Snapshot vote) It is likely that the ETH and HOP bridges will be deployed on each of these chains. Given that, the...

proposal·0xF4B0…D8fA·Dec 18

closed

Treasury

[Temperature Check] Treasury Diversification & Protocol Owned Liquidity (multichain HOP/ETH LPs)

**Goals and Motivation** In the interest of bolstering the financial health and autonomy of the Hop Protocol, this proposal presents an initiative to further diversify the Hop DAO treasury holdings while establishing the beginnings of significant protocol-owned liquidity (POL). This move aims to mitigate the current skew between HOP’s circulating market cap and its fully diluted value, which stands as an impediment to stable price discovery and large-scale, value-aligned investment in HOP...

proposal·0xDE3b…db9b·Dec 6

closed

Misc

[HIP-39] Community Multisig Refill (3)

The Hop Community Multisig has continued to distribute payments for the Hop DAO to delegates, multisig signers, bonders, and AMM reward contracts (liquidity incentives). Per HIP-15, this distribution, as well as future distributions to refill the multisig will be refilled via on-chain governance vote every other month. HIP-18 proposed refilling the HOP community multisig with approximately 4 months of supply. Part of that proposal was to bypass the forum RFC and go straight to snapshot for...

proposal·0xA2b1…E5f7·Sep 29

closed

Treasury

[HIP-38] Treasury Diversification

Summary Sell 50% of Hop DAO’s ARB holdings (837,007 ARB) for USDC. This should raise approximately $686k for Hop DAO at current prices (~$0.82). Motivation Hop DAO will need stablecoins to cover ongoing expenses. This sale would be an initial step toward the broader goal of treasury diversification. Execution Before an onchain vote, a deployment of the Hop Community Multisig should be deployed on Arbitrum. The onchain execution of the proposal will send a message through the Arbitrum...

proposal·0xA2b1…E5f7·Sep 29

closed

Risk/Incident

[HIP-37] Authereum Labs Engagement Adjustment

Background Last January, Authereum Labs was engaged 8 to provide the following services: - Research and development of the Hop Protocol roadmap as directed by Hop DAO. - Day-to-day operation, development, and improvement of the Hop frontend currently hosted at hop.exchange. - Open ended research related to trustless cross-chain infrastructure and other technologies that may be relevant to Hop. Our team has been executing these services without pause, however, with a smaller team than...

proposal·0xA2b1…E5f7·Sep 29

closed

Treasury

[HIP-36] Launch Hop on Base Mainnet

## Summary [Base](https://base.org/) is a secure, low-cost, builder-friendly Ethereum L2 built to bring the next billion users onchain. It is built on Optimism’s open-source OP Stack & the core dev team at Base is joining Optimism as the second Core Dev team working on the OP Stack to ensure it’s a public good available to everyone; and contributing a portion of sequencer revenue to funding public goods. This post seeks to open a discussion around the onboarding of Base into the Hop ecosystem...

proposal·0xDE3b…db9b·Jul 26

closed

Elections/Delegation

[HIP-35] Reducing Recognized Delegate Voting Weight Requirement

**Summary** This proposal aims to address concerns about the current requirement for maintaining a 90,000 HOP voting weight to be eligible for delegate compensation. We propose decreasing the voting weight requirement to ensure the delegate program remains accessible to the broader Hop DAO community. **Motivation** During the last community call, there were valid concerns that the current requirement of maintaining a 90,000 HOP voting weight to be eligible for delegate compensation is...

proposal·0xDE3b…db9b·Jul 10

closed

Misc

HIP 34 Hop DAO MultiSig Signers Elections

Motivation In line with the Snapshot vote for Multi-Sig Operations, we call on the Hop DAO Community to vote for the next cohort of Multi-Sig Signers for the Hop DAO. Nominees: 1. Rxpwnz 2. Max-andrew 3. Francom 4. Thegreg.eth 5. Fourpoops 6. Olimpio For more information on the nominees please check out the forum post (https://forum.hop.exchange/t/hop-dao-mult-sig-nominations/931) Multi-Sig Signer Responsibilities The Community Multisig exists for the Hop DAO to transact faster and with more...

proposal·0xA2b1…E5f7·Jun 21

closed

Treasury

[Temperature Check] - Revised HOP Liquidity Incentives

The HOP DAO has been airdropped a significant portion of ARB & OP for the protocol's vital role in the Ethereum ecosystem. This temperature check gauges the demand for using a small portion of the protocol's ARB allocation to garner protocol owned liquidity (PoL) - in the form of either HOP / ETH or HOP / rETH. If the community selects to go forward with the proposal, key contributors including the multi-signers could work in partnership with Bond Protocol & potentially RocketPool to...

proposal·0x5919…a5aC·Jun 16

closed

Misc

HIP Refill the Hop Community Multisig with funds from the Hop DAO (2)

The Hop Community Multisig has continued to distribute payments for the Hop DAO to delegates, multisig signers, bonders, and AMM reward contracts (liquidity incentives). Per [HIP-15](https://snapshot.org/#/hop.eth/proposal/0x6b5136469fd7b1478c0e10b95e30e8645a1cea8bb49cabeed59a312264b518f0), this distribution, as well as future distributions to refill the multisig will be refilled via on-chain governance vote every other month...

proposal·0xA2b1…E5f7·Jun 16

closed

Elections/Delegation

[Temperature Check] Claim ARB airdrop, create Arbitrum and Optimism community multisigs, and delegate tokens to Ambassadors

Authors: @max-andrew # Summary: This proposal will do three things. It will create two new Hop community multisigs for the Arbitrum and Optimism networks. It will claim the Arbitrum airdrop allocated to the Hop timelock address, sending that ARB to the new community multisig. Lastly, it will delegate the tokens in the community multisigs to the new ambassador multisigs on each network. This proposal does not prevent the community multisig from spending the tokens in the way the community sees...

proposal·0xDE3b…db9b·Jun 5

closed

Misc

[Temperature Check] HOP Airdrop Sybil Hunter Distribution

Authors: @shanefontaine ## Overview When the Hop DAO was launched, Sybil hunters submitted reports that ultimately removed Sybil attackers from the HOP airdrop, resulting in the DAO keeping almost 3.5 million tokens that would have otherwise been in the hands of Sybil attackers. Per the [Hop DAO introduction post](https://hop.mirror.xyz/AI5fOUR0X_l0mktShDOx3mwr-hsB24gp8GvTWtS-MBc), this proposal seeks to reward these Sybil hunters with 25% of the saved tokens now, a year after the start of...

proposal·0xDE3b…db9b·May 26