Hop Protocol

Should Hop Governance Fund Bounties On Successful Proposals?

This is a request for comment, in line with current Hop governance processes 1, and is intended to provide a place for comment and feedback to be incorporated before requesting a sponsor to move it to a temperature check as a HIP (GFX Labs is around 50,000 HOP shy of the 1m threshold for being able to create a proposal).

Motivation Hop’s protocol is new and governance is newer, and there are a number of areas that will require ongoing work or proposals. Additionally, Hop needs to provide avenues for community participation beyond those serving as delegates (though this proposal is intended to include delegates as well).

Spirit of the Proposal Utilize a fixed monthly allocation of HOP to incentivize successful concrete, outcome-producing governance proposals.

Allocation This initiative would allocate 16,000 HOP to the community multi-sig.

At the end of each calendar month, the community multi-sig will distribute HOP to the authors of successful proposals that are eligible for a distribution. Hop governance will also distribute an equal amount of Hop back to the community multi-sig at the end of each calendar month, to replenish any HOP that has been distributed for this program. At no time should there be more than 16,000 HOP in the community multi-sig for this program.

Eligible Proposals All proposals that succeed upon a formal on-chain vote will be eligible unless otherwise excluded below.

Ineligible Proposals Proposals requesting budgets, grants, or Hop governance to engage with a vendor are excluded from this program.

Proposals making de minimis amendments to previous proposals (e.g. fixing only typos) are excluded from this program.

Proposals that have no direct, actionable outcome (e.g. establishing a mission statement) are excluded from this program.

Eligible Recipients The original author of a proposal on the Hop Forum will be the recipient, regardless of who initiates a Snapshot or on-chain vote. This is so that small holder community members can benefit, and large holders do not capture the rewards for others’ proposals.

If there are multiple authors, they should communicate clearly to the community multi-sig signers how any distribution would be managed.

Incentive Amounts This program will award a maximum of 3,200 HOP per proposal. In the event disbursements would total more than the 16,000 HOP available for a month, then each eligible proposal is allocated an equal amount of HOP from the 16,000 available.

Administration The community multi-sig will disburse incentives no later than the first Friday following the end of a month.

Governance will schedule to replenish any HOP disbursed prior to the next scheduled disbursement.

Authors of successful proposals are ultimately responsible for communicating to the community multi-sig where to send their HOP tokens. While the address may be communicated privately, recipients should note that any HOP distribution will be public on the blockchain.