Community Call meeting minutes

🗳Meta-Governance
42

Meeting Minutes [Apr-16]

  • Grants Committee Transition:
    • New grants multisig transfer from previous committee in progress, awaiting final signatures.
    • Existing grant payouts temporarily delayed until multisig transition completes.
    • New signers (ChaseOnChain, BobRossi, Takeabreath) to familiarize with Safe interface.
  • DAO Operations Election:
    • Head of DAO Ops role expired Feb 26; election process to reopen for transparency.
    • Current head (Franco) willing to continue but supports open nominations.
  • Hop V2 (Rails) Development:
    • White paper published; internal audits ongoing.
    • Audit funding: Optimism grant denied (TVL criteria), negotiating with OpenZeppelin, Spearbit, Consensys Diligence.
    • Key innovation: Peer-to-peer liquidity settlement via state attestations + decentralized bonder network for instant transfers.
    • Testnet contracts/SDK live but not public until audit completion.
    • Mainnet target: Single-bonder launch first (security focus), then open network.
  • Community Engagement:
    • Atomist (Castle Labs founder) introduced interest in governance participation.
    • Community discussion needed for HOP liquidity strategies (e.g., protocol-owned liquidity, CEX listings).
    • FourPoops suggested incentivizing cross-chain liquidity via Hop Grants post-V2 launch.
3 Likes
43

Meeting Minutes [Apr-30]

  • Head of DAO Operations Election:
    • Nominations open for 6-month term role with vested compensation.
    • Three options: new nominee, re-elect current holder (Franco), or eliminate role.
    • Community feedback requested via Hop Forum.
  • Delegate Incentive Program Updates:
    • Current formula includes 30k HOP delegation minimum and 75% participation threshold.
    • Proposal to simplify: 50% communication/voting for full rewards, 100% for 2x multiplier.
    • Feedback welcomed on framework adjustments.
  • V2 Development:
    • Audit process ongoing with multiple firms; final selection pending.
    • Simulation testing and contract optimizations progressing.
    • Target completion by end of Q2 2025.
  • Ethereum Ecosystem Impact:
    • Discussion on Ethereum L1 scaling efforts potentially boosting L2 innovation.
    • Highlighted Jevons Paradox relevance (increased efficiency drives higher usage).
  • Grants Committee:
    • RFP list available but open to community suggestions.
    • Encouraged projects to engage with Grants Committee via Hop Forum.
5 Likes
44

Don’t you mean Q2 2025?

1 Like
45

updated. thanks @Zilch496

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46

Hop Community Call [May-14]

  • Delegate Incentive Program Discussion:

    • Current program saw only 6 delegates qualify, averaging ~$300 in HOP tokens over 6 months.
    • Low participation attributed to bear market, token performance, and anticipation of V2.
    • Proposed changes: simplify voting metrics, adjust vesting, and increase base incentives.
    • Philosophical debate on DAO’s role post-V2 (governance vs. tokenomics changes like staking HOP for bonders, fee switch value accrual).

  • Grants Committee Update:

    • Grant Safe transition delayed due to technical issues with Gnosis Safe ownership swap (UI bug/edge case).
    • RxPwns and ChaseOnChain resolving; no critical concerns.

  • Head of DAO Ops Nominations:

    • No new nominees; current head open to continuing but encourages fresh candidates.
    • Paid role with vested HOP tokens; community urged to nominate/refer candidates.

  • V2 Development Progress:

    • Audit phase expected to take ~1 month post-engagement.
    • Mainnet launch targeted post-audit, contingent on resolving findings.
    • LPs must migrate funds from V1; announcement planned to ensure user awareness.
    • Miguel (key contributor) departing, but audit process remains on track.

  • Regulatory/Market Context:

    • Positive regulatory shifts (e.g., clearer U.S. stance on securities) seen as beneficial.
3 Likes
47

Hop Community Call [Jun-11]

  • Delegate Incentive Program:

    • Proposed changes to simplify the program; feedback requested to revive engagement.

  • Hop Grants Committee Multi-sig Update:

    • Signer transition from old to new cohort delayed due to unresponsive signers.
    • RXPWNS resolved technical issues; new signers need to finalize transactions for Safe swap.
    • Next steps: Top up new Safe with HOP tokens to enable grant distributions.

  • Head of DAO Ops Nominations:

    • No new nominees; encouragement for fresh candidates to diversify perspectives.

  • Hop Rails V2 Development:

    • Internal audit progressing smoothly with no major issues identified.
    • Third-party audit by Hexens (6 auditors) scheduled for June 23:
      • Split into two parallel teams (3 auditors each): messenger and Rails contracts.
      • Audit duration: 3 weeks, targeting mainnet launch late July/early August.
    • V1 Infrastructure Wind Down:
      • All V1 routes (except HOP and ETH) deprecated; frontend updates reflect changes.
      • Liquidity pool incentives halted; users directed to check status page for updates.

  • Additional Notes:

    • Future Gitcoin grant eligibility possible post-V2 launch, using V1 TVL for initial criteria.
4 Likes
48

Hop Community Call [Jun-25]

  • Hop Rails Mainnet Preparation:
    • Audit start delayed to June 30th (3-week duration), targeting mainnet launch late July/early August.
    • Team focused on documentation, internal audits, and front-end updates to support auditors.
    • Audit report will be published on GitHub and shared via Discord/governance forum post-launch.
  • Tokenomics Update:
    • Detailed post planned pre-mainnet to explain staking requirements for bonders, value capture mechanisms, and HOP redistribution.
    • Emphasis on aligning incentives for governance participants and token holders.
  • Grants Committee:
    • RXPWNS confirmed grants multi-sig setup complete.
    • Pending 2M HOP transfer from community multi-sig (transaction to be prepared).
  • V1 Audit Context:
    • Previous Hop Protocol audits conducted by Trail of Bits and Solidified (reports available on GitHub).
  • DAO Operations Election:
    • Nomination process paused until after Hop Rails mainnet launch.
  • Next Steps:
    • Team to prioritize auditor support during June 30-July 21 audit window.
    • Tokenomics education materials and governance updates expected pre-mainnet.
2 Likes