updated. thanks @Zilch496
2 Likes
Hop Community Call [May-14]
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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).
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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.
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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.
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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.
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Regulatory/Market Context:
- Positive regulatory shifts (e.g., clearer U.S. stance on securities) seen as beneficial.
3 Likes
Hop Community Call [Jun-11]
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Delegate Incentive Program:
- Proposed changes to simplify the program; feedback requested to revive engagement.
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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.
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Head of DAO Ops Nominations:
- No new nominees; encouragement for fresh candidates to diversify perspectives.
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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.
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Additional Notes:
- Future Gitcoin grant eligibility possible post-V2 launch, using V1 TVL for initial criteria.
4 Likes
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.
3 Likes
Hop Community Call [Jul-9]
- Grant Application Process:
- Community Grants Safe configured with 2,250,000 to 1,500,000 HOP tokens distributed.
- Transactions initiated for Holand’s T-shirt application and theGreg’s retrospective grant.,
- ChaseOnChain confirmed successful execution of grants-related transactions.,
- Hop Rails Development Update:
- Audit underway, code handed off to auditors 1.5 weeks ago (50% progress).
- Initial issues flagged for review; front-end development ongoing for launch with limited paths.,
- Plan to test Rails in production, expand paths, enable permissionless token bridging, and deploy the Decentralized Bonder Network.,
- Rebranding focus: Maintaining Hop as the core brand; UI refresh integrated into rolling launch.,
- Bonding Network:
- theGreg requested documentation on bonding processes; no official docs released yet, pending Bonder Network rollout.,
- DAO Operations:
- Head of DAO Operations re-election and Delegate Incentivization Program paused due to minimal voting activity.
3 Likes
Hop Community Call [Jul-23]
- Audit Update:
- Audit completed; no critical issues found in core Hop Rails protocol or messenger.
- Identified minor fixes: staking registry adjustments and Polygon connector comment.
- Auditors praised code quality of core components.
- Mainnet Launch Timeline:
- Targeting launch in ~2 weeks, pending final cleanup and transition of Miguel’s responsibilities.
- Launch will initially support limited paths and a single Bonder.
- Frontend and Bonder Network Development:
- Frontend transitioning from V1/V2 hybrid to V2-only codebase.
- Decentralized Bonder Network architecture will maintain V1 interface externally but implement V2 optimizations internally for scalability.
- V1-style functionality preserved for initial launch to ensure stability.
- Tokenomics:
- New V2 tokenomics framework finalized conceptually but awaiting documentation.
- Will be released after mainnet launch but before full Bonder decentralization.
- Reward distribution mechanisms will follow V1’s Merkle drop model, with staking registry (handling Bonder stakes) included in audit scope.
4 Likes
Hop Community Call [Aug-20]
- V2 Development Progress:
- Frontend simplified for efficiency with V1 learnings applied to Hop node infrastructure
- SDK optimized for Day 1 integration support (Sockets, Coinbase, MetaMask)
- Contract audits finalized with all identified issues resolved
- Audit Publication:
- Plan to publish completed audit report before mainnet release
- Tokenomics Timeline:
- Documentation to be released post-mainnet launch to avoid delays
- Mainnet Target:
- Roughly 1 month timeline estimated for deployment pending final testing
3 Likes
Hop Community Call [Sep-03]
2 Likes