Meeting Minutes [May-17]
- Carl introduced Treasure, a decentralized gaming ecosystem on Arbitrum, with a focus on creating a decentralized Nintendo.
- Treasure has been around for 20 months and has launched a token, infrastructure, and multiple games.
- They are number one on Arbitrum for gaming and have done close to 275 million in volume since inception.
- The Magic token has been performing well on Arbitrum, and a partnership with Hop to bridge Magic to and from Arbitrum Nova and Arbitrum One was proposed and approved.
- The Treasure Community voted in favor of supporting Nova.
- The team discussed supporting Magic’s initiative with incentives and creating a framework for fair distribution.
- Delegation Week, organized by Tally, was introduced to encourage token holders to evaluate their delegations and potentially redelegate or delegate for the first time.
- Discussions were held on incentivizing redelegation and the possibility of mandated redelegation for effective DAO governance.
- The team discussed the renewal of the HOP delegate incentivization program, with a focus on encouraging new delegates to participate.
- Proposals were made for delegating ARB tokens to the Community Multisig and the newly elected ambassadors, with further discussions needed.
- The team explored different mechanisms and frameworks for incentivizing liquidity and bridging on different assets and networks.
- The idea of a decentralized protocol for delegates to market themselves and an opt-in incentivized program for delegation were discussed.
- Discussions were held on the need for incentives, market share, and competitive landscape in bridging protocols.
- The team proposed forming an incentive management committee to develop frameworks and value propositions for granting incentives.
- The importance of creating a robust system, analyzing the marketplace, and designing parameters for awarding incentives was emphasized.
- Progress updates were provided on the core messenger refactor and the Bonder side, with plans to go live soon.
- Greg introduced himself and expressed interest in DAO governance and being a valuable delegate.
- The next call was scheduled in a couple of weeks, with plans to coordinate artwork and issue POAPs.
Note: ChatGPT3 was used due to length of the call and GPT4 token limits. Please advise if anything seems inaccurate.
Meeting Minutes [July-12]
- Conversation started around the Public Goods Network, and representatives from Gitcoin gave an overview of the project
- PGN is a network dedicated to funding public goods using sequencer fees
- Hop community can provide bridging capabilities and onboarding experience for PGN users
- Kene discussed the reduction in the voting weight threshold for recognized delegates to make it more inclusive and encourage more participation
- Kene also presented a proposal to renew and redesign the Hop Grants Committee to scale up involvement in developing on top of Hop technology
- Community members discussed the importance of simplicity and inclusivity in the grants program
- Conversation initiated on addressing Hop liquidity and potential proposals to improve liquidity for the protocol
- Max expressed concerns about spending tokens on liquidity programs and emphasized the importance of investing in the protocol
- Greg pointed out that liquidity providers are incentivized through Hop rewards and may go elsewhere if the price is not stable
- Development focus has shifted to the Liquidity Network and Decentralized Bonder Network, which will be audited and deployed on testnet soon
- Nova and Magic tokens will be supported in the upcoming deployment
- Continued V1 support after V2 lock-ins will depend on security and feedback from the community
- The Messenger and liquidity bridge will be deployed on testnet for testing and feedback
- Beta testing on testnet will be conducted before the full mainnet launch
- Dybsy suggested to involve RocketPool community in testing the Decentralized Bonder network
Note: ChatGPT3 used due to length again. Please let us know of any inaccuracies.
Meeting Minutes [Sept-20]
- JPEG Yakuza from the Clique team discussed their Optimism campaign and the use of identity oracles
- Clique is organizing four competitions to identify power users within each DeFi category
- The Hop community was asked if they are interested in participating in the competitions
- The Ambassador Program was discussed, with a focus on improving engagement and communication with ambassadors
- Suggestions were made to have ambassadors share periodic updates and have the Community Multisig run through the distribution of Hop tokens during these calls
- Hop won the bridge week from Arbitrum Odyssey and was recognized as the most used bridge
- The Hop dev team provided an update on the progress of the token bridge
- The team is shifting its focus to the token bridge, now called the Liquidity Hub
- Testnet is expected to be live later this year and Mainnet early next year
- A new cost proposal is expected soon with a smaller budget due to operating with a smaller team
- The SNX and sUSD bridges will no longer receive OP rewards, as decided by the Synthetix team
- Treasury diversification was discussed, with a proposal expected for the sale of ARB tokens
- The forum believes that treasury diversification is necessary for the DAO’s runway and development
- The grants program will be re-elected, with a focus on recruiting individuals with technical backgrounds
- The possibility of a multi-step process for the grants election was suggested, including nominations and recruitment