Hop Protocol

Current Compensation Structure

As outlined in Snapshot Proposal, 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 contract.

Proposed Adjustment

This proposal seeks to rebalance the compensation structure to better align with the needs of the role holder while maintaining the total compensation at $3,000. The new structure would be:

~66% in USDC ($2,000 paid monthly) ~33% in HOP ($1,000, based on the monthly TWAP, vested linearly over 1 year) This adjustment would apply only to future payments and would not retroactively affect any unpaid $HOP allocations.

Rationale

The Lead Moderator role demands consistent availability, time commitment, and a high level of responsibility. To ensure the role holder (myself, as the current Lead Moderator) can maintain financial stability and flexibility amid rising living costs and operational expenses, this proposal increases the proportion of stablecoin (USDC) in the compensation structure.

By allocating a larger portion of the compensation in USDC, the role holder gains greater predictability and security, while still maintaining exposure to $HOP to align incentives with the long-term success of the project.

Implementation Timeline

If approved, the rebalanced compensation structure will take effect starting with the next monthly reward distribution (estimated to be March 5, 2025).